Welcome to Sensiba San Filippo’s Insights Blog
Providing education and industry insights to stay steps ahead of your competition.
Are You Eligible for Home Office Deductions?
Do you run your business from home? You might be eligible for home office deductions If you’re self-employed and work out of an office in your home, you may be entitled to home office [...]
Protecting Wealth Through the Use of Family Offices
Family offices act as the heart of a family's operations, doing everything from managing their financial lives to overseeing their investments, paying bills, pursuing philanthropic activities and making travel arrangements. The scope of the [...]
4 Steps to a Stronger Balance Sheet
Roughly half of CFOs believe an economic recession will hit by the end of 2020, and about three-quarters expect a recession by mid-2021, according to the 2019 year-end Duke University/CFO Global Business Outlook survey. [...]
How Business Owners may be Able to Reduce Tax by Using an S Corporation
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way [...]
FAQs About Audit Confirmations
Auditors use various procedures to verify the amounts reported on your financial statements. In addition to reviewing original source documents and comparing trends from prior years, they may reach out to third parties — [...]
Best Practices for Closing Your Books
In a survey that asked 2,300 organizations about their month-end close, the bottom 25% needed 10+ days to finish, while the top 25% needed 5 days or less. So where do you fit on [...]
Do You Want To Go Into Business For Yourself?
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity. You may qualify for the pass-through deduction. To the extent [...]
4 Key Traits to Look for When Hiring a CFO
Finding the right person to head up your company’s finance and accounting department can be challenging in today’s tight labor market. While it may be tempting to simply promote an existing employee, external candidates may [...]
B Corp Certification from an Owner’s Perspective
A couple of decades ago, most business owners would argue that social responsibility had little to do with the mission of a business. Today, however, we are witnessing a movement of companies that are [...]
Do Your Employees Receive Tips? You May be Eligible for a Tax Credit
Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare (FICA) taxes that you pay [...]
Lloyd Bronson says:
Lloyd Bronson says:
Lloyd Bronson says: