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Differences between CFO Services and Accounting Services

Knowing What Kind of Outsourced Accounting Services You Need Managing your company’s finances isn’t always easy. In the early days of your business, things were probably a lot simpler. The financial responsibilities were, and maybe still are, handled by [...]

The Art and Science of Goodwill Impairment Testing

Goodwill shows up on a company’s balance sheet when the company has been acquired in a business combination. It represents what’s left over after the purchase price in a merger or acquisition is allocated to the company’s tangible assets, identifiable [...]

By |2019-12-05T12:45:20-05:00December 5th, 2019|Categories: Blog, Tax|Tags: , |0 Comments

Holiday Parties and Gifts can Help Show your Appreciation and Provide Tax Breaks

With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good idea [...]

By |2019-12-05T12:39:21-05:00December 5th, 2019|Categories: Blog, Tax|Tags: , , |0 Comments

2 Valuable Year-End Tax-Saving Tools for your Business

At this time of year, many business owners ask if there’s anything they can do to save tax for the year. Under current tax law, there are two valuable depreciation-related tax breaks that may help your business reduce its [...]

By |2019-12-05T12:34:43-05:00December 5th, 2019|Categories: Blog, Tax|Tags: , , , , |0 Comments

Manage your Working Capital more Efficiently

Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than zero. A positive balance enables the company to meet its short-term cash flow needs and [...]

By |2019-12-05T12:27:13-05:00December 5th, 2019|Categories: Blog, Tax|Tags: |0 Comments

End of Year Tax Savings for Individuals

The Tax Cuts and Jobs Act (TCJA) brought many new rules for individual tax filers, and there are quite a few ways taxpayers can use these changes to their advantage. With the end of the year quickly approaching, it’s the [...]

The Tax Implications if your Business Engages in Environmental Cleanup

If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be deductible on your tax return as ordinary and necessary business expenses. Of course, you want to claim the maximum immediate income [...]

By |2019-11-18T15:39:13-05:00November 18th, 2019|Categories: Blog, Small Business Services, Tax|Tags: , , , |0 Comments

Close-Up on Pushdown Accounting for M&As

Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day. If you’re currently in the market to merge with or buy a business, you might not be aware of updated financial reporting guidance that took effect [...]

By |2019-11-18T15:17:58-05:00November 18th, 2019|Categories: Audit, Blog|Tags: , , , |0 Comments

Small Businesses: Get Ready for your 1099-MISC Reporting Requirements

A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others. You may have to send 1099-MISC forms to those whom you pay nonemployee compensation, [...]

By |2019-11-13T14:07:31-05:00November 13th, 2019|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

GAAP vs. Tax-Basis: Which is Right for your Business?

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and money for some private companies. Here’s information to help you choose the financial reporting framework that will work for your [...]

By |2019-11-13T14:03:32-05:00November 13th, 2019|Categories: Blog, Small Business Services, Tax|Tags: , |0 Comments