A tax deduction is an expense that a company or a person can subtract from their overall income. Generally, a deduction is a form of incentive that comes as a result of expenses that are sure to produce additional income. Did you know there are plenty of items you can
What is Management Consulting? Management consultants are individuals who provide services to a business in order to improve its performance, assist in solving existing problems, or help a company better reach its objectives. Consultants have an array of responsibilities which include analyzing the ins and outs of a company, pinpointing
A 1035 annuity exchange is a rule under Section 1035 of the Internal Revenue Code that allows for a tax-free exchange of a life insurance or annuity policy for a different annuity contract that is better suited to an investor’s needs. What if you purchase an annuity and later find that a
I just want to say a giant “Thank You” to all of our clients for our most successful busy season ever. I would like to take some of the credit but due to the fact that I have the best clients in the world, I give it all to you.
Business owners understand the necessity of measuring and predicting their business’ growth, but many are too busy or perhaps not qualified to undertake these tasks on their own. By engaging a Certified Public Accountant, owners are able to alleviate the stress of financial predictions, and can receive the much-needed assistance
Have you ever looked over your payroll statement or tax form and scratched your head in confusion? Your next step might be to scour the Internet for answers to your financial questions. This can be a frustrating and fruitless process, filled with conflicting answers. You may avoid asking an accountant
Balancing between your personal and professional lives is not an easy feat, but we know how to help simplify this dilemma: don’t co-mingle your business and personal finances! Combining these accounts causes confusion, unnecessary hassle during tax season, and could potentially lead to an IRS audit. Also, most importantly, the
During tax season, many clients who moved to another state or have income coming from different states ask if they need to file taxes in more than one state. You may be thinking that this is not something you need to worry about since it isn’t tax season; but it
As a small business owner, you most likely have had conversations with a professional to discuss which business entity is right for your growing company. Whether you choose to incorporate your small business as a limited liability company (LLC) or an S corporation, you should consider the various benefits of
You have filed your small business taxes, and now you are waiting for your tax refund. Many business owners may use their refund money to spruce up the office, travel for business or hire services. Here is a list that outlines some tips on when to save and when to
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