5 Tips to Spice Up Working from Home

On April 8, 2021 / Blog

We’ve been in a pandemic for what seems like five years now, right? All joking aside, if you’ve been lucky enough to work from home this past year, then it’s possible that you are in the process of going stir-crazy. Or maybe you’re simply ready to shake

What is the Difference Between Your Marginal Tax Rate and Your Effective Tax Rate?

On March 25, 2021 / Tax

Have you heard the phrases “marginal tax rate” (or tax bracket) and “effective tax rate” and wondered what the distinction is between them? In order to explain the difference, it is first important to note that in the United States, we do not pay a flat tax

Tax Deadline Extended for SOME but NOT ALL Tax Returns and Payments

On March 19, 2021 / News, Tax

The IRS announced a change in the deadline for certain federal tax return and payment due dates. Here is what is extended as of this posting (March 19, 2021): 2020 Individual 1040 returns are now due May 17, 2021 2020 Individual 1040 tax payments are now due

Managing Customer Service with Technology

On March 11, 2021 / Customer Service, Technology

Do you have a lot of customer service inquiries in your business? If so, it can be a challenge to manage them all. Being responsive with customer service can make all the difference in your company’s success, so it makes sense to take a look at some

Do Nonprofits Ever Pay Taxes?

On February 25, 2021 / Tax

When you think about a nonprofit, the first thing that often comes to mind is that it is tax-exempt. Most nonprofits are not subject to federal, state, and local income tax. Does that mean nonprofits are completely free of ANY tax liability? The answer to this is

The Concept of Independence in Accounting

On February 11, 2021 / Accounting, Business Tips

Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This opinion takes the form of a report that

Does Your Business Qualify for the Employee Retention Credit?

On February 8, 2021 / Blog, Business Tips, Tax

The Employee Retention Credit is one of the many IRS tax breaks for businesses that was included in the 2020 CARES Act as well as the recent Consolidated Appropriations Act, 2021. The goal of the credit is to provide financial relief to businesses that suffered from the

30 Reasons Why It’s Better to Have Professional Help with Your QuickBooks® Software

On February 3, 2021 / Accounting, Blog, Business Tips

If you own a small business, you probably chose QuickBooks® as your company’s accounting software. After all, it’s the market leader in small business accounting software. While it’s intuitive in some places, there is a learning curve that everyone must go through in order to use the

How to Make Estimated Tax Payments

On January 27, 2021 / Tax

If you are paid a salary and receive a W-2 from your employer, part of your paycheck goes to Uncle Sam as federal withholding. These are payments toward your taxes. If you earn additional income beyond your salaried income, if you are under-withheld, or if you have

ABLE Accounts – Final Regulations

On December 31, 2020 / Tax

ABLE (Achieving a Better Life Experience) accounts are for eligible individuals with a disability – they are tax-favored savings accounts to which contributions can be made to help pay for qualified disability expenses. The IRS recently released final regulations providing guidance related to various issues surrounding the

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