Review cash flow processes
If you’re a business owner who has been through a recession before, you know that smart cash flow management is absolutely crucial. If...
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Jan 13, 20223 min read
Advance CTC and EIP Must Be Reconciled on Your 2021 Return
Early in 2021 Congress passed the American Rescue Plan which included a provision that increased the child tax credit amount and upped...
Jan 3, 20221 min read
Do you have an IRS Online Account?
An IRS Online Account is a safe and easy way for individual taxpayers to view specific details about their federal tax account. Here are...
Jan 3, 20223 min read
Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
For each independent contractor that you pay $600 or more for the year, you are required to issue the worker and the IRS a Form 1099-NEC...
Jan 3, 20221 min read
Retroactive Termination of the Employee Retention Credit
If you claimed the employee retention credit (ERC) in the fourth quarter of 2021, please be aware that there is a retroactive change...
Dec 13, 20214 min read
Don’t miss tax free gifting opportunities
If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways...
Dec 13, 20216 min read
Watch Out for Tax Penalties
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible...
Dec 1, 20213 min read
5 Basic Tips for Accounting
When you decided to start your own company, you likely focused on the products or services you were selling, along with your amazing...
Nov 29, 20213 min read
Tips to Get Your Startup Off the Ground
One of the most important things to understand about being a startup entrepreneur is that there is no “one size fits all” approach to...
Nov 23, 20217 min read
Don’t miss out! Tax-Saving Strategies to Consider Before Year-End
With the holiday season upon us, the 2021 tax preparation season will soon follow. With the end of the tax year just around the corner,...
Nov 22, 20215 min read
Tax Tips for Holiday Charity Donations
During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts...
Nov 20, 20218 min read
Understanding the Taxation of Cryptocurrency Transactions
If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax...
Nov 19, 20212 min read
Congress Terminates the Employee Retention Credit Early
President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that...
Nov 15, 20211 min read
Nancy Clausen - CPA
Please join us in congratulating Senior Tax Accountant Nancy Clausen on her recent achievement to obtain a Certified Public Accountant...
Oct 25, 20212 min read
Understand the ‘Rule of 72’ to Make Personal Finance Decisions
Though everybody wants their money to grow, few people understand the best way to make that happen. It’s all about where you choose to...
Oct 15, 20216 min read
Required Minimum Distributions Have Resumed for 2021
When Congress established tax-favored retirement plans, they allowed taxpayers to take a tax deduction for the amount of their allowable...
Oct 14, 20215 min read
Bookkeeping 101: Best Practices to Get the Best Financial Outcome From Your Organization
If you had to make a list of some of the most critical elements of running a business that most new entrepreneurs don't think enough...
Oct 12, 20212 min read
Mega-Rich Backdoor IRA Strategies May Backfire If New Tax Bill Passes
While it’s usually true that the “rich get richer,” a proposed tax code will prove a remarkable exception if the House has its way. The...
Oct 11, 202110 min read
Possible tax bill makes fall tax planning a wise move
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can...
Sep 29, 20214 min read
The Art of Running a Successful Family Business
At its core, a family business is exactly what it sounds like: a company or other enterprise owned, operated, and actively managed by at...
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