Why Use QuickBooks for My Small Business?

For many small business owners, financial reporting and managing their books is a task they would rather delegate. It takes them countless hours each week, hours they could have been productively growing their business. To avoid the frustration that often goes along... read more

How to Avoid an IRS Tax Audit

No one looks forward to an audit by the IRS. If the IRS decides to audit you, there is very little that you can do to stop the audit, other than talk with a professional accountant to assist you. It may be a stressful time, but all of this can be avoided by ensuring... read more

Top 5 Pitfalls of Planning Your Retirement

Retirement planning is one of the most important financial endeavors that you will undertake. If you do it right, you will spend your golden years filled with joy, freedom and independence, and it helps to begin this journey at an early age. Today, we’re talking about... read more

Do I Need a CPA for My Small Business Accounting?

As a small business owner, it’s no secret that you have to be able to juggle different roles. One of these roles may be spending your productive hours creating financial reports and trying to manage your books, but in the end, you might feel there are few results to... read more

Top 4 Payroll Mistakes to Avoid

As your business grows, you can expect to take on more responsibilities; one of which being payroll. Payroll is one of the core parts of the business function, and it has the potential to build or break the trust of your employees. As you learn how to handle the... read more

The New Tangible Property Regulations

In September 2013, the IRS issued regulations on how to deal with the capitalization and deduction of expenses that are related to tangible assets. These regulations came into effect on January 1st, 2014. For accounting purposes, amounts that have been paid to... read more

R&D Tax Credits: What You Need to Know

The research and development tax credit was designed to give companies that conduct qualified research tax relief of the amounts spent. The credit results to tax savings; however, most companies do not claim it. The R&D tax credit can reduce the company’s... read more

What is a Federal Tax Lien?

A tax lien is a term used to refer to the claim on a tax payer’s property that a government uses to protect themselves against unpaid tax obligations. A tax lien is only sent to you after you have been sent a bill and it remains unpaid. The government files the... read more

President Trump’s Current Proposed Tax Structure

During his campaign last year, President Trump promised big tax cuts in the years to come. Now that he’s taken office, what kinds of changes can we expect as taxpayers? Are we going to notice a big difference in our taxes right away, if at all? We’re here today to... read more