Is Your Business an SSTB? (And Why Do You Care?)

On October 11, 2018 / Tax

QBI, 199A, SSTB—these are just a few of the new acronyms being tossed around as part of the recent business tax reform changes (like we don’t already have enough of them to remember!). Out of all the terminology, “SSTB” (Specified Service Trade or Business) seems to be

The Concept of Internal Control

On September 27, 2018 / Accounting, Management Tips

Internal control is a very special phrase in the accounting profession. Tactically, it’s the set of processes that help a company produce accurate data throughout the organization, follow reporting requirements and laws, and maintain consistency and accuracy in its operations. Strategically, it’s an entirely new way of

The New 20% Small Business Deduction

On September 13, 2018 / Tax

There is a brand new 20% small business deduction that everyone is talking about. In the tax and legal professions, it’s fondly know at Section 199A. Here are some facts about this deduction: The Basics All pass-thru entities, such as Sole Proprietors, S-corporations and Partnerships that qualify

Should You Have a Financial Dashboard?

On August 30, 2018 / Accounting, Management Tips

A quick glance is all you need to check your fuel gauge, speed limit, engine temperature, and RPM when you’re driving down the road. Your car’s dashboard is designed to focus you on what’s important and what you need to know to have a safe trip. Your

2018 Tax Law Changes for Businesses: Understanding the Tax Cuts and Jobs Act

On August 16, 2018 / Tax

With the largest tax law update in over 30 years, navigating the course with the new laws can be confusing. Businesses need to be aware of these changes and consult with their tax professional to get advice so they can be knowledgeable of their options and plan

Setting Up Products and Services

On August 2, 2018 / Business Development, Business Tips

The products and services your business sells make it unique. The same thing is true of how these items are set up in your accounting software. Whether you’re using QuickBooks Online or something else, getting your products and services set up right can impact the quality of

2018 Tax Law Changes: Understanding the Tax Cuts and Jobs Act

On July 19, 2018 / Tax

In this article, we’ll share some of the highlights of the tax changes for 2018 as they relate to individuals. Use this as a type of checklist, and feel free to contact us on any point so we can provide additional details as to how it might

5 Tips on Bringing Home the Bacon

On July 5, 2018 / Business Tips, Profitability Tips

Whether you call it bacon, Benjamins, or big bucks, cash – and having enough of it – is key to running your business. Here are five tips related to managing and getting the most out of your business cash. 1- All banks are not the same. Choose

Is Your Business Considered a Hobby by the IRS?

On June 21, 2018 / Tax, Tax Topics

Very frequently tax preparers are asked to provide clarification on IRS rules that they heard from a friend, neighbor or colleague. Usually some part of the statement is true; however, there is always more to the story or it may not apply to that person’s specific situation.

Do You Spend Too Much Time on Email?

On June 7, 2018 / Time Management Tips

If you feel like you spend too much time on email, you’re not alone. Almost everyone feels the same way. That’s why it’s so important to learn how to be as productive as possible when it comes to handling email. Here are five tips to help you

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