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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Tips for Starting a Business – 5 Things to Keep in Mind

By | October 10th, 2016|Categories: Accounting, Small Business|Tags: , , , |

When you start a business, you need to know about income taxes, payroll taxes, understanding your tax obligations, and much more. Here are five tips for starting a business to help you get you off to a good start: 1. Business Structure. One of the first decisions you need to make is which type of business Read more

The Best Financial Tool for Business Owners

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

What if there were a tool that helped you create crystal-clear plans, provided you with continual feedback about how well your plan was working, and that told you exactly what's working and what isn't? The best financial tool. Well, there is such a tool. It's called the Budget vs. Actual Report and it's exactly what you Read more

How Your Current Financial Planning Strategy is Hurting Your Bank Account

By | September 24th, 2016|Categories: Accounting, Bookkeeping, Small Business|Tags: , , , |

According to the US Small Business Administration, only seven out of ten small businesses survive their first two years. Increase that figure to five years, and about half survive. How about ten years? Only about a third of small businesses will see a decade of operation. If it wasn't apparent before, the importance of a financial Read more