What To Do If You Can’t Pay Your Taxes
For most people, paying taxes is straightforward. You get a paycheck from your employer and the employer has already deducted the amount you owe to the IRS. When it comes time to file your tax return,…
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All About Reporting Tip Income
In this gig economy, more taxpayers than ever before are receiving tip income. Whether the tips are from waiting tables,…
Accounting for Sick leave and Absences if you’re a Small Business Owner
With the recent coronavirus outbreak, discussions of paid leave, and states of emergency, more attention has been paid to sick…
Claiming an Elderly Parent or Relative as a Dependent
Do you have an elderly parent or adult relative that you take care of? It doesn’t have to be a…
Deep in Debt? Tips For Digging Your Way Out
Being able to borrow is a huge benefit when you need extra help, but debt is a huge burden that…
How to Account for your Side Hustle
Selling cheesecakes on the side, or DJ’ing friend’s weddings? You’re not alone. Over 15% of Americans work a side hustle, for reasons…
For Our Clients During The COVID-19 Crisis
Dear Valued Clients, As everyone knows, the COVID-19 virus has caused a major and unprecedented disruption in our communities. Our…
Frequently Asked Questions About Charging Sales Tax
Whether you run a brick and mortar business or an ecommerce business, you have to deal with charging sales tax.…
Be Careful With These Common Business Deductions
As a business owner, you’re entitled to a plethora of tax deductions. These tax deductions can help you to offset…
Expanding your Service Business to Remote Customers
If you’ve been relying on word-of-mouth, newspaper advertising, and local networking to bring in new clients, it’s time to expand…
The Seven Types of Insurance Policies a Small Business Owner Needs
In the process of taking stock of your business at the start of 2020, did you decide to look at your insurance…
Social Media Marketing Terms Accountants Should Know
PPC, KPI, if you’re thinking of hiring someone to help market your accounting firm, you might have heard these terms.…
Fixed Assets, What you Need to Know
Does your 2020 business plan include purchasing fixed assets? Maybe you’re expanding your bakery and will need to buy a…
What to Look For in a CPA
Hiring a CPA to help you with your accounting and your taxes is a smart thing to do. Whether you’re…
7 Red Flags That Could Trigger an IRS Audit
No one wants to go through an IRS audit. These days, an audit happens when the IRS thinks that the…
Automating and Outsourcing to Help your Business Grow
What are your 2020 small business goals? Do you want to increase revenues by 20%, decrease employee turnover, or launch…
Time to Take Stock of your Business
The first month of the New Year can be slow for a small business, particularly seasonal businesses. While you may…
The 9 Top Tax-Saving Strategies for Your Business
As a business owner, you know first-hand that taxes can take a big chunk out of your pocket. No matter…
Tips For Solving Business Cash Flow Issues
Cash flow is one of the most common problems that all businesses face. It’s also one of the most crippling…
To Gift or Not? Should you Give your Clients Holiday Gifts?
Whether it’s carols blasting in the malls, or menorahs in the window, the holiday season is upon us. For small…
What to Look For in a Business Bank Account
Whether you’re setting up your new business for the first time or simply switching financial institutions, choosing a business bank…
ASC 842, Leases, for Private Companies
The deadline for implementing the FASB’s new leases accounting standard, ASC 842, is fast approaching. Many private companies are only…
Options For Accepting Credit Card Payments For Your Business
How to accept payments for your business is always of great concern to businesses. Of course, you need to accept…
Kids, Divorce and Tax Write-offs
Getting a divorce can be one of the most stressful times in your life. In addition to the emotional toll,…
What is Business Risk?
In business, risk is anything that could negatively impact your revenues, reputation, or future operations. When you try a new…