Now’s the time to review your business expenses

As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility. At the same time, consider whether your business would benefit from accelerating certain expenses into this year. Be sure to [...]

By |2018-10-15T15:27:19+00:00October 15th, 2018|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

Audit opinions: How your financial statements measure up

Audit opinions differ depending on the information available, financial viability, errors discovered during audit procedures and other limiting factors. The type of opinion your auditor issues tells stakeholders whether you’re in compliance with accounting rules and likely to continue [...]

By |2018-10-12T13:32:51+00:00October 12th, 2018|Categories: Audit, Blog, Small Business Services|Tags: , |0 Comments

How blockchain and bitcoin are disrupting the payment process

Blockchain. Cryptocurrencies. Bitcoin. These seem to be hot topics in today’s daily business news. It’s all still a bit of a mystery to most of us. It started with bitcoin (a cryptocurrency) in 2013, and the idea of a digital [...]

By |2018-10-08T14:58:03+00:00October 8th, 2018|Categories: Blog, Kevin Shives, Technology|Tags: , , |0 Comments

Tax-free fringe benefits help small businesses and their employees

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick [...]

By |2018-10-08T12:35:48+00:00October 8th, 2018|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

Should cloud computing setup costs be expensed or capitalized?

Companies will be able to capitalize, or spread out the costs of, setting up pricey business systems that operate on cloud technology under an update to U.S. Generally Accepted Accounting Principles (GAAP). Here are the details. FASB responds to business [...]

By |2018-10-05T12:43:32+00:00October 5th, 2018|Categories: Audit, Blog, Small Business Services, Tax|Tags: , |0 Comments

Could a cost segregation study help you accelerate depreciation deductions?

Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It may allow you to accelerate depreciation deductions, thus reducing taxes and boosting cash flow. And the [...]

By |2018-10-01T12:19:46+00:00October 1st, 2018|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

7 things to know about cryptocurrency and taxes

There has been a lot of buzz surrounding cryptocurrency and blockchain lately. As the cryptocurrency trend continues to gain traction in everyday life and business, the inevitable topic of taxes and financial impact has steadily trailed. As of today, tax [...]

By |2018-09-24T20:59:31+00:00September 24th, 2018|Categories: Blog, Masha Herzbrun, Tax, Technology|Tags: , , |0 Comments

Businesses aren’t immune to tax identity theft

Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming victims. And identity thieves have become more sophisticated, knowing filing practices, the tax code and the best ways [...]

By |2018-09-24T18:17:56+00:00September 24th, 2018|Categories: Blog, Tax|Tags: |0 Comments

Cash vs. accrual reporting: Which is right for your business?

Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP). Starting this tax year, the Tax Cuts and [...]

By |2018-09-21T14:06:10+00:00September 21st, 2018|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments