Here's how to get more money from your company's income statement

Thursday, June 08, 2023
What do you do with your financial statements after your CPA delivers them? If you’re like most business owners and managers, you breathe a sigh of relief that they’re finished,...... Read More

A heavy-SUV is a smart tax-choice for a company vehicle

Monday, June 05, 2023
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d...... Read More

Demystifying deferred taxes

Thursday, June 01, 2023
Deferred taxes are a confusing topic — and the accounting rules for reporting these items often seem to defy the logic of real-world economics. Here’s a brief overview to help...... Read More

Going green could save greenbacks and more

Thursday, May 25, 2023
Nowadays many businesses are looking for creative ways to cut costs and preserve profits. As a bonus, some profit-enhancement initiatives can also be good for the environment. Here are some...... Read More

Do you qualify for head of household tax filing status?

Tuesday, May 23, 2023
When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as a...... Read More

Tax advantages of hiring your children this summer

Monday, May 22, 2023
Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra...... Read More

Close-up on sources of substantive audit evidence

Thursday, May 18, 2023
Organizations that understand how auditors verify account balances and transactions can minimize disruptions during audit fieldwork and maximize the effectiveness of financial statement audits. Here’s a summary of the types...... Read More

Claiming Losses on worthless or depreciated stock

Tuesday, May 16, 2023
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss...... Read More

Allowable home office expenses if you run a business

Monday, May 15, 2023
Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on a hybrid basis. If you’re...... Read More

Tap into specialized functions in Quickbooks

Thursday, May 11, 2023
QuickBooks® provides an all-in-one solution that helps some small and medium-sized businesses manage their finances. While QuickBooks provides the accounting backbone for many companies, it has advanced features that go...... Read More