Small Business Services

Benchmarking Financial Performance

You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference, they don’t mean much. That’s why it’s important to compare your company’s performance over time and against competitors. Conduct a [...]

By |2020-01-22T19:14:30-05:00January 22nd, 2020|Categories: Blog, Small Business Services, Tax|0 Comments

Cents-Per-Mile Rate for Business Miles Decreases Slightly for 2020

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you might claim a lower deduction for vehicle-related expense [...]

By |2020-01-22T19:09:17-05:00January 22nd, 2020|Categories: Blog, Small Business Services|0 Comments

SECURE Act Provisions Affecting Individuals

Congress recently passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in [...]

By |2020-01-17T22:03:32-05:00January 17th, 2020|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

New Law Helps Businesses Make Their Employees’ Retirement Secure

A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the [...]

By |2020-01-06T16:22:55-05:00January 6th, 2020|Categories: Audit, Blog, Small Business Services, Tax|0 Comments

Nonprofits: Are you Ready for the New Contribution Guidance?

When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from contracts in 2014, it only added to the confusion that nonprofits already had about accounting for grants and similar contracts. Fortunately, last year, the FASB provided [...]

Small Businesses: It may not be too Late to Cut Your 2019 Taxes

Don’t let the holiday rush keep you from taking some important steps to reduce your 2019 tax liability. You still have time to execute a few strategies, including: Buying assets.Thinking about purchasing new or used heavy vehicles, heavy equipment, [...]

By |2019-12-18T18:39:48-05:00December 18th, 2019|Categories: Blog, Small Business Services, Tax|Tags: , , , |0 Comments

2020 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us [...]

By |2019-12-11T18:54:26-05:00December 11th, 2019|Categories: Audit, Blog, Small Business Services, 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

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