Welcome to Sensiba San Filippo’s Insights Blog
Providing education and industry insights to stay steps ahead of your competition.
End of Year Tax Saving Strategies for Businesses and Business Owners
The end of year is approaching, and that means it’s time for businesses and business owners to start thinking about their 2019 taxes. The major changes set forth last year by the Tax Cuts and [...]
Small Businesses: Stay Clear of a Severe Payroll Tax Penalty
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them [...]
Thinking About Converting from a C Corporation to an S Corporation?
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some circumstances, there are plenty [...]
Valuing Profits Interests in LLCs
The use of so-called “profits interest” awards as a tool to attract and retain skilled workers has increased, as more companies are being structured as limited liability companies (LLCs), rather than as corporations. But accounting [...]
Get Equity? A Basic Guide to Having Equity in Your Company
There are many reasons why a person may choose to work at one company over another. From casual dress codes, unlimited vacation days, and remote work opportunities, today’s job perks certainly run the gamut. But [...]
Understanding Occupational Fraud in Construction Companies…and How to Prevent it
When most people think of fraud, things like email viruses, phone scams, and stolen credit card information come to mind. While most businesses have implemented safeguards to prevent and detect these external threats, many business [...]
Wherefour 3.5 Release Notes – Barcode, Inventory Trace Reports, and More
On October 26th, 2019, Wherefour released update 3.5, which added some new features to its mobile-friendly, cloud-based platform for food, beverage, and natural product manufacturers. A few of the highlights from this release include [...]
Accelerate Depreciation Deductions with a Cost Segregation Study
Is your business depreciating over a 30-year period the entire cost of constructing the building that houses your operation? If so, you should consider a cost segregation study. It may allow you to accelerate [...]
Reasons Why Cash is King
In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3) total assets and 4) net worth. But, when it comes to gauging short-term financial [...]
Setting up a Health Savings Account for Your Small Business
Given the escalating cost of employee health care benefits, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, HSAs offer a tax-advantaged [...]
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