IRS Pumps The Brakes On Major Form Changes Do you remember the major announcement the IRS made about the Form W-4 changes that were set to take place in 2019? Well, in late September, the IRS announced that the roll out of those planned revisions would be delayed...
Why Withholding Amounts Should Matter With the Tax Cuts and Jobs Act of 2017 came several tax law changes for 2018, including increasing standard deductions and the Child Tax Credit and the removal of personal exemptions. These changes could have a substantial impact...
And Is Your Business Ready For Your Exit? Why did you want to go into business in the first place? To make your own decisions? To take control of your destiny? Do you remember how much time and effort it took just to open for business? Well, now that you are...
Tax-exempt determination letters are now available online. To retrieve a copy of your determination letter (or another nonprofit’s determination letter), all you have to do is enter your organization’s name of and click on the “search” button. Really, what could be...
You or your employees might be exempt from paying into social security for religious reasons, but there are some important things you need to do first. Read on to learn what they are. Do You Know How to Properly Enact Religious Exemptions? Many of us have heard that...
QuickTips: Tips & Tricks For Bookkeeping Success I don’t necessarily mean to “beat a dead horse” as they say (that would just be cruel), but this month I’ve been talking to a lot of clients and giving presentations about the importance of cleaning up your...
U.S. Unemployment Rate Lowest Since 1969 The Bureau of Labor Statistics released information showing that the United States unemployment fell to 3.7 percent in October 2018 (the lowest it has been since 1969). This unemployment rate, which is down from 3.9 percent in...
Should You Switch To A C Corporation Under The New Tax Law? Check out this helpful infographic to help you make up your mind. One of the most widely discussed aspects of the Tax Cuts and Jobs Act (TCJA) has been the reduction in the corporate tax rate from a top rate...
Valuation Reports Are Essential If You’re Gifting All, Part Of Your Business Business owners who have made the decision to gift all or a portion of their business might believe that simply filing a complete and accurate gift tax return with the IRS is enough to...
Knowing The True Value Of Your Business Is Important For Decision-Making Believing your business is worth more than it actually is can result in major problems, especially if you want to sell your business or retire by a certain age. The misstep many business owners...
On June 21, after hearing the arguments on both sides of the South Dakota v. Wayfair case, the U.S. Supreme Court issued a monumental ruling in favor of South Dakota. Today, many business owners are questioning how sales across state lines will impact their bottom...
The new credit loss standard (CECL) received airtime from many constituents over the last month — from the U.S. House Committee on Financial Services to Staff from the U.S. Securities and Exchange Commission (SEC) and Financial Accounting Standards Board (FASB) —...
Due to all of the changes brought about last year with the Tax Cuts and Jobs Act (TCJA), many taxpayers have underpaid their estimated taxes or didn’t have enough federal income tax withheld. As such, the IRS recently modified the underpayment penalty calculation for...
QuickTips: Tips & Tricks For Bookkeeping Success I hope you are off to a good New Year and that you have set some mighty goals for yourself in 2019 – personally and professionally. When the time comes to set new goals in my own life, I find that I have...
Outsourcing your company’s accounting function is largely seen as a competitive advantage that doesn’t require substantial time or money. This approach has a positive influence on most aspects of a business and will allow you to focus your time and effort on...
In the world of data security, the human being will always be your company’s weakest link. That’s not a slight on you or your employees, it’s fact. The majority of people aren’t thinking about how all this technology, which is supposed to make our lives easier, can...
Do You Understand Your Loan Agreements? Trust and transparency matter – in life and in your business. Having spent nearly 30 years in accounting and finance, I’ve certainly experienced many lessons in this regard. At the beginning of the banking portion of my career,...
Under Section 107 of the Employee Retirement Income Security Act of 1974, the party responsible for filing plan reports must “maintain records to provide sufficient detail to verify, explain, clarify and check for accuracy and completeness.” Additionally, under...
If you feel that business is harder today, you’re not alone. In addition to rising regulatory obligations and relentless technological change, the ability to attract and retain top talent has never been more difficult. To compete and thrive in this environment,...
Having to wait months to build out some much needed extra space can be disheartening. However, working to improve processes and reduce waste can have positive short- and long-term results. Read on to learn more. How To Make Better Use Of Your Space Your business...
Sure, writing up and updating a series of policies isn’t a quick task, but it’s absolutely critical to maintain the safety and security of your government entity. Reviewing your entity’s policies every few years is a great habit to start. Read on to learn which...
Today we are eyeball deep into the “online era” which has given us the capability to use online programs such as QuickBooks Online®, Sage Intacct®, and others to record transactions from anywhere using cloud technology. Now, all we need to access these powerful...
How To Get Unstuck And The Secrets Of Business Growth Businesses get stuck. It happens. As a result, owners sometimes start looking for new avenues because they think that they have done all that they can. However, that’s not always the case. One solution is to take a...
DOL Looks To Expand Retirement Plan Options For Small Businesses In an effort to make it easier for small businesses to form association retirement plans, President Donald Trump and the Department of Labor have proposed regulations that will ultimately allow small...
