Tax deductions? Yes, please!

By | January 10th, 2018|Categories: Accounting, CPAs and CFOs, Financial Investments, Small Business, Staff Accountants, Tax Information|Tags: , , , , , , , , , |

The conventional tax wisdom at the end of the year is to pull in deductions to offset current tax liability and push off income to postpone tax payment. This takes on added significance in 2017 with enactment of the new tax reform law, the Tax Cuts and Jobs Act (TCJA). Because the bill, just signed into Read more

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Will you see more money with the new tax reform bill?

By | January 8th, 2018|Categories: Accounting, CPAs and CFOs, Financial Investments, Small Business, Tax Information|Tags: , , , , , , , |

On the Friday before Christmas, President Trump signed the new tax reform bill into law. The Tax Cuts and Jobs Act will take effect January 1, 2018, but when will most taxpayers see the effects? When will they see more money in their wallets?   How much will the new Tax Cuts and Jobs Act save Read more

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Individual & Business Tax Changes 2018

By | December 28th, 2017|Categories: Small Business, Tax Information|Tags: , , , , , , , |

Generally, the provisions in the Tax Cuts and Jobs Act (TCJA) take effect on January 1, 2018. Most of the provisions affecting individuals are temporary and “sunset” after 2025, while the majority of business provisions are permanent. Following is a rundown on some of the key changes. Most individual taxpayers will not see the changes until Read more

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Accounting a Bit Scary without Bookkeeping Services? Spooky Tales to Avoid

By | October 19th, 2017|Categories: Accounting, Bookkeepers, Bookkeeping, Small Business, Uncategorized|Tags: , , |

Halloween—it’s a night that allows children and adults alike to shed their skins and become something else entirely. But while the streets outside fill with witches and goblins on the hoof for sweets and shrieks, in the accounting and bookkeeping services world, the last day of October marks the beginning of the end…of the calendar year. Read more

Accounting Mistakes New Small Businesses Make: 4 Things To Avoid

By | August 9th, 2017|Categories: Accounting, Bookkeeping, Small Business|Tags: , , , , , , |

It’s no secret that the business world is unforgiving. That’s why as an entrepreneur who is just starting out, you want to get everything right the first time, and that means handling your money responsibly with proper accounting. In fact, if you look at the statistics, money issues are one of the most common reasons that Read more

Starting a Small Business in Florida: 4 Questions To Ask Your CPA

By | June 14th, 2017|Categories: Accounting, Small Business|Tags: , , , |

“How does anyone start a business without the help of someone like you?” That’s a question that a client recently asked me. It's one of many smart questions to ask your CPA. He was considering leaving his company to start his own business. It was a big step for him, as it would be for anyone, Read more

How to Tell If Your Small Business Needs a Part-Time CFO

By | November 11th, 2016|Categories: Bookkeeping, Financial Investments, Small Business|Tags: , , , , , , , , , |

Do you need a part-time CFO? Many small business owners are hesitant to hire someone to oversee their company's finances because they are unsure whether the benefits will outweigh the costs. It's well known that a Chief Financial Officer (CFO) can increase a company's profits by breaking down the financial information into usable data. However, hiring Read more

Learn About the Tax Implications of Lending Money Before You Give Loans

By | October 8th, 2016|Categories: Accounting, Bookkeeping, Tax Information|Tags: , , , |

Lending money to a cash-strapped friend or family member is a noble and generous offer that just might make a difference. But before you hand over the cash, you need to plan ahead to avoid tax complications for yourself down the road. There are tax implications of lending money that you need to be aware of. Read more

Selling your Business

By | October 2nd, 2016|Categories: Accounting, Small Business|Tags: , , , |

You've decided selling your business is the right thing to do for many reasons. Maybe you're in ill health or ready to retire. You're tired of working all the time and now that the business is profitable you're ready to cash in. Whatever the reason, selling a small to medium sized business is a complex venture. Read more

Paying off Debt the Smart Way

By | July 4th, 2016|Categories: Accounting|Tags: , , |

Between mortgages, car loans, credit cards, and student loans, most people are in debt. While paying off debt is a worthwhile goal, most people need to focus on managing their debt first since it's likely to be there for most of their life. Handled wisely, however, that debt won't be an albatross around your neck. You Read more