Is an S corporation a good entity for your business?

Monday, June 26, 2023
If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of business for your new...... Read More

Decluttering Quickbooks

Thursday, June 22, 2023
Have your company’s accounting records become cluttered with duplicate items and unused accounts? When you need to revise your QuickBooks® lists — such as the chart of accounts, customers and...... Read More

The tax rules governing charitable art donations

Tuesday, June 20, 2023
If you're an art collector, you might be interested in the tax benefits associated with giving a piece of artwork to a good cause. Regarding such contributions, a number of...... Read More

Protect the advertising expenses of your business

Monday, June 19, 2023
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their...... Read More

New Accounting Rules for Common Control Leases

Thursday, June 15, 2023
On March 27, 2023, the Financial Accounting Standards Board (FASB) published narrowly drawn amendments to the lease accounting rules. The updated guidance clarifies issues that are relevant to rental agreements...... Read More

Sec. 174 changes: time to review your business R&E strategy

Monday, June 12, 2023
It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired...... Read More

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