2019 Q3 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 third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to [...]

By |2019-06-17T12:46:33-04:00June 17th, 2019|Categories: Blog, Tax|Tags: |0 Comments

How Auditors Use Non-Financial Information

Every financial transaction your company records generates nonfinancial data that doesn’t have a dollar value assigned to it. Though auditors may spend most of their time analyzing financial records, nonfinancial data can also help them analyze your business from multiple [...]

By |2019-06-17T12:27:23-04:00June 17th, 2019|Categories: Audit, Blog, Small Business Services, Tax|0 Comments

Hiring this Summer? You May Qualify for a Valuable Tax Credit

Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The [...]

By |2019-06-17T12:22:22-04:00June 17th, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

AUP Engagements: A Middle Ground Between Audits and Consulting Services

Your CPA offers a wide menu of services. An audit is a familiar type of attestation service that provides a formal opinion about whether the company’s financial statements conform to U.S. Generally Accepted Accounting Principles (GAAP). Consulting services, in contrast, [...]

By |2019-06-17T12:05:58-04:00June 17th, 2019|Categories: Audit, Blog, Consulting, Small Business Services, Tax|Tags: , |0 Comments

Types of Nonprofits: What You Need to Know

Most of the estimated 1.5 million nonprofit organizations in the United States are 501(c)(3) organizations, but there are many other categories of nonprofits. The nonprofit’s membership, mission and structure dictate which category is most appropriate for your nonprofit. Many nonprofits [...]

By |2019-06-03T20:13:02-04:00June 3rd, 2019|Categories: Blog, Tax|0 Comments

Realize Tax Saving from Contributions to Charitable Organizations

The Tax Cuts and Jobs Act (TCJA) made many changes to the Tax Code, including increasing the standard deduction to $12,000 for a single taxpayer and to $24,000 for a married couple filing jointly. It also raised the capital [...]

By |2019-06-03T19:55:28-04:00June 3rd, 2019|Categories: Blog, Tax|0 Comments

Employers: Be Aware (or Beware) of a Harsh Payroll Tax Penalty

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make matters worse, the penalty can be assessed personally against a [...]

By |2019-06-03T19:26:06-04:00June 3rd, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

Measuring “Fair Value” For Financial Reporting Purpose

The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles (GAAP) is “fair value.” This differs from other valuation standards that may apply when valuing a security or business interest in a litigation or mergers [...]

By |2019-06-03T19:18:25-04:00May 31st, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

Predicting Future Performance

CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future. Prospective reporting options There are three types of reports to choose from when predicting future performance: Forecasts. These prospective statements [...]

By |2019-05-31T16:07:06-04:00May 31st, 2019|Categories: Blog, Small Business Services, Tax|0 Comments

Tax-smart Domestic Travel: Combining Business with Pleasure

Summer is just around the corner, so you might be thinking about getting some vacation time. If you’re self-employed or a business owner, you have a golden opportunity to combine a business trip with a few extra days of [...]

By |2019-05-31T16:12:18-04:00May 31st, 2019|Categories: Blog, Small Business Services, Tax|0 Comments