Reasons to hire a CPA Every business must meet its financial obligations. From maintaining accurate accounts and managing your payroll to paying your taxes and being compliant with industry regulations, there are a number of accounting practices that are critical to your success. Maximize Business Efficiency...
Steps to check withholdings In light of the Tax Cuts and Jobs Act, the Internal Revenue Service recommends two-income families, as well as individuals with more than one job, check their paychecks with the Withholding Calculator. The Tax Cuts and Jobs Act, passed in December 2017, makes significant...
Tax Cuts and Jobs Act made significant changes to how American taxpayers will calculate their taxes in 2019 Standard Deduction First, the standard deduction nearly doubles, from $12,700 to $24,000 for married couples and from $6,350 to $12,000 for single filers. In exchange, the reform reduces how...
Small business tax advice for owners The last thing most small business owners want to do is worry about their taxes. To help lessen that worry, the IRS recently shared a few tips and resources available for small business owners to make sure they are getting all...
Now is the time to prepare for tax season The filing deadline to submit your 2017 tax return is April 17, 2018. With tax season opening on January 29, 2018, the window for 2018 is less than the previous year with only 79 days compared to...
For many, the end of the year may be a chance to tie up loose ends within a business and look forward to the next year. As the year draws to a close, looking at you bookkeeping and accounting picture is a must. For a...
A seasoned accountant can help form the correct business structure Forming a business can be a daunting task. From the initial concept to the early stages of getting a business rolling along, there can be countless hours of decision-making and strategic planning. One of the earliest...
Bookkeeping is an accounting task that requires an eye for detail One of the biggest parts of basic accounting is the bookkeeping process. Recording transactions such as sales, payments and other business-related purchases may seem basic in nature but can require a detailed eye from a bookkeeper...
Daily accounting tips for entrepreneurs and startups It is to be said that developing daily habits can lead to great success over time. The cumulative effect of disciplined behavior yields results in many scenarios. Whether it be your physical health, mental health or what you do every day,...
What are the tax consequences of Alimony and what qualifies as Alimony? Alimony payments are deducted by the payer and included in income by the recipient. The payer deducts alimony paid on Form 1040, line 31a. The payer must also enter the recipient’s Social Security number...