31
Oct
Oct
The Four Top Tax Strategies to Save You Money
Here are four tax strategies that can help you save money: Use your startup costs as a deduction: The IRS provides a tax break by allowing you to deduct up to $5,000 of your initial startup costs. This allows you …
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Oct
Oct
Getting the Most from Your Accountant
Small business accountants don’t just take care of tax prep and compliance issues, they also help drive access and business. Accountants can help deliver insights to your business by analyzing company data and providing strategic advice in business decisions. Now …
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26
Oct
Oct
Important tips that can save your business
Here are some simple tips that are can help you in the long run: Avoid unmanaged cash flow: Keeping a watchful eye on your records. Bookkeepers and accountants personally understand your resources and can track every transaction down to the …
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23
Oct
Oct
Time Running Out for New 100 Percent Depreciation Deduction
The Internal Revenue Service is reminding business taxpayers who placed qualifying property in service during 2017 but choose not to claim the new 100-percent depreciation deduction, that they have a limited time to file the required election with the IRS. …
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19
Oct
Oct
The Most Common Tax Extension Questions
This year alone an estimate of 14million tax payers have requested to file an extension on their income taxes. While the deadline to file 2018 individual tax returns has passed, here are the most common questions people ask: Can you …
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17
Oct
Oct
FASB simplifies accounting for cloud costs
This month FASB has issued a new standard that is designed to reduce difficulty for the accounting for costs of applying a cloud computing service procedure. The standard aligns the requirements for capitalizing implementation costs acquired in a hosting arrangement …
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16
Oct
Oct
The GASB proposes new concepts
GASB presents proposals for improvements to the financial reporting model. The proposals aim to make the model more effective in providing information necessary for decision-making and assessing a government’s accountability. The proposed improvements include: A short-term financial resources measurement focus …
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12
Oct
Oct
Basic fraud warning signs
Fraud will always be a constant concern. Here are some red flags that experienced forensic accountants look for. Living beyond your means Signs that employees are living well beyond their means can be a clue that they’re helping themselves to …
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10
Oct
Oct
Three tax breaks that can benefit you in the long run
The tax overhaul that was rushed through Congress and enacted last year gave taxpayers little time to comprehend its changes. According to Mitchell Drossman, national director of wealth planning strategies at U.S. Trust “You have to be careful making permanent …
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08
Oct
Oct
Referencing the features of 401(k) plan
Management of fiduciary responsibility is a must for business owners who sponsor plans, including plan management, hiring and monitoring service providers, employee education, participant communication, administrative support, and plan design. It should come as no surprise that of all the …
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