How to be Your Tax Pro’s Favorite Client this Tax Season

February 1, 2024 12:00 am Published by

🖨 Print⏱ 4 min read Why on earth, you may ask yourself, would I care about being a good client to my tax prep professional? I mean, you are a paying client, and aside from treating them with the same... View Article

Understanding How Variances Vary

February 1, 2024 12:00 am Published by

🖨 Print⏱ 3 min readVariance analysis is found by determining the difference between what was budgeted and what actually occurred. Additionally, when variances are added together, we get a better picture of how well a company is measuring its performance... View Article

The New Era of “No Tax” Policies: Selective Tax Exemptions and Their Side Effects

October 1, 2024 12:00 am Published by

đź–¨ Print⏱ 4 min read Former President and current candidate Donald Trump introduced a new policy of his in a recent Arizona rally: No more income tax on overtime pay. This follows both Trump and Vice President Harris’ proposal for... View Article

Looking at the Expanded Accounting Equation

September 1, 2024 12:00 am Published by

đź–¨ Print⏱ 3 min readWhether it’s a private equity transaction or an institutional or retail investor, analyzing a company’s financial statements is an important part of fundamental analysis. One important but basic way to analyze whether a company is worth... View Article

Important Update on New Company Reporting Laws CTA – BOI

September 1, 2024 12:00 am Published by

🖨 Print⏱ 4 min read On Jan. 1, 2024, the U.S. government debuted the Corporate Transparency Act (CTA). This legislation established the requirement for the majority of private companies, both big and small, to file information with the Financial Crimes... View Article

Accounting Considerations for Capital Expenditures and Operating Expenses

August 1, 2024 12:00 am Published by

đź–¨ Print⏱ 3 min readWhen it comes to running a business, there are a lot of expenses incurred during operations. As of January 2024, New York University’s Stern School of Business had recorded nearly $1.2 trillion in capital expenditures by... View Article

Are You Ready for Major Tax Changes in 2026?

August 1, 2024 12:00 am Published by

🖨 Print⏱ 4 min read The enactment of the Tax Cuts and Jobs Act (TCJA) in 2017 brought with it major changes to the tax code on both personal and business levels. While many taxpayers have not only enjoyed but... View Article

Accounting Considerations for Business Insurance Coverages

July 1, 2024 12:00 am Published by

🖨 Print⏱ 3 min readWith more than eight million small businesses in America, and more than $776 billion in net premiums issued by the insurance industry in 2022 for commercial policies (according to the Insurance Information Institute), business insurance is... View Article

So, You’ve Been Audited: Should You Go It Alone or Hire a CPA, EA or Tax Professional?

July 1, 2024 12:00 am Published by

đź–¨ Print⏱ 3 min read I sincerely hope you have never had to go through an IRS audit – and never have to in the future. But what if that dark day does arrive? Should you go it alone and... View Article

How to Develop a Credit Policy

June 1, 2024 12:00 am Published by

🖨 Print⏱ 4 min readA credit policy explains how a company will manage lines of credit for client accounts and what procedures to follow for severely outstanding invoices. It helps a business promote a robust foundation for its working capital... View Article

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