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Mastering Sales Tax Reporting
How QuickBooks Eases Tracking As a business owner, managing sales tax reporting can be quite a daunting task. This tax, however, is extremely important given a company’s clients need to understand the final price of the item and businesses must anticipate how much tax...
What Value Does Accounting Expertise Add to My Business?
Undeniably, accounting expertise plays a crucial role in adding value to businesses in various ways. With knowledge and skills in financial management, tax planning, cash flow improvement and balance sheets, CPA’s and accountants can contribute significantly to the growth and success of an organization. Let’s dive into various ways in which accounting expertise can benefit businesses.
Make the Most of Year-End Tax Planning
As the year 2023 draws to a close, it's important to start thinking about taxes. Whether you're a business owner or an individual, planning ahead can help reduce your tax burden and save you both time and money. To help you get started, we've put together a...
Exploring the Pros and Cons of C Corp and LLC Status
The world of business structures can be complex and overwhelming, with various categories and nomenclature to keep track of. For business owners, it's important to understand the differences among these structures, as they have significant implications for taxes,...
Business Owner’s Guide to Choosing the Right Payroll Software
Small businesses face unique challenges when it comes to managing their payroll. Inaccurate or delayed payments can create serious problems for both employers and employees. That's why it is crucial for small businesses to invest in effective and accurate payroll...
Saving for College? What You Should Know About 529 Plans
If you are a parent saving for college tuition or going back to school to earn another degree, you know that college tuition has skyrocketed over the last few decades. State funding cuts, expanding administrative staffs, and increased construction and facility costs...
The Electric Vehicle Tax Credit: How it Works, Who Qualifies?
With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although most of the changes take effect in this year, to qualify for the current credit, vehicles purchased after August 15, 2022, are...
Tax Strategies Checklist
Now’s the time to take advantage of year-end moves to cut your next tax bill—before it’stoo late. Whether you make a charitable donation, fund your retirement account or takeadvantage of helpful tax deductions, implementing these steps now can make a bigdifference at...
Year-End Tax Planning: Ten Outside-of-the-box Tips for Your Business
It may seem early to talk about year-end tax planning, but with only roughly sixty days left in 2022, it’s important to take action now to favorably impact your tax bill this year, and to put yourself in good financial footing for the year ahead. End-of-year taxes are...
The Inflation Reduction Act: What it Means to Your Business
You may have heard that President Biden recently signed the Inflation Reduction Act of 2022, a sweeping piece of legislation that is designed to address some of the significant issues that the U.S. is facing. Some of those issues include the high cost of prescription...