5 Signs You Might be Overpaying Taxes
The end of the financial year (EOFY) is an important time for your business. It’s a time to reflect on your successes and failures over the last 12 months and to set goals for the coming year. It’s also a time to review your expenses and ensure you’re up-to-date with your tax obligations. If you’re […]
How to Evaluate 2022 While Planning for 2023
We are just 2 months away from the new year, and you’ve likely started planning for 2023. Have you thought about how your business fared in 2022 and what steps you need to take to ensure a successful year in 2023? Like in all spheres of life, it is important to take stock of the […]
Bonus Depreciation: Big Changes Coming
All good things must come to an end. On December 31, 2022, one of the best tax deductions ever for businesses will end: 100 percent bonus depreciation. If you’re like most small business owners, you want to maximize your tax deductions prior to the end of the year. Keep reading to understand how to do […]
Most Common Reasons Businesses Overpay Taxes
According to the IRS, taxpayers have the right to only pay the amount of tax legally due, including penalties and interests. However, so many businesses end up overpaying their taxes because of simple mistakes or misunderstandings of the tax laws. That’s sad, but it’s not a surprise. After all, the federal tax code is over […]
5 Common Tax Planning Mistakes
Are you certain you’re not making tax planning mistakes in your business? As an entrepreneur, you often have to wear many hats and juggle many balls. You must manage your team, focus on your product or service, and find new ways to grow your business. It’s no wonder many entrepreneurs tend to put their tax […]
Mid-Year Tax Planning Checkup
Many small business owners consider tax planning the business equivalent of a root canal. They know it’s both necessary and important to do a tax checkup, but they’re not particularly eager to do it. Given those feelings, which are certainly understandable, it’s easy to see why they might be even more reluctant to do a […]
Starting with Profit in Your Tax Plan
Many things are turning out to be different in the post-pandemic economy, and that includes your tax plan. It may or may not turn out to be the new normal when we finally clear the pandemic, but at this point, one thing we do know is that many of the rules have changed. So what […]
How Tech and Strategy Build Your Tax Plan
The pressures of shifting global markets, more demanding disclosure requirements, and uncertain economic conditions are forcing companies to re-evaluate their tax plan. Tax planning is no longer about maximizing deductions and minimizing taxes owed; rather, it’s about developing a comprehensive plan that aligns with the company’s overall business strategy. Technology plays a critical role in […]
7 Reasons To Choose A Modern CPA Firm
7 Reasons To Choose A Modern CPA Firm: If your past experiences in accounting haven’t been amazing, you probably haven’t worked with a modern CPA firm. As a business owner, you may be wondering whether you should use a bookkeeper, or a CPA firm to manage your finances. Bookkeeping accountants typically provide basic financial services, […]
A Better Future is Found in Your Accounting
Money doesn’t buy happiness, as the adage goes. And that’s true in both personal and business finances. Companies that make a lot of revenue fail all the time. People who make a high level of income aren’t inherently happy, either. That said, the statement on our homepage says, “We Build Better Futures.” And it’s also […]