Outsourced Accounting Services

It seems like every day we hear about more businesses who are outsourcing their accounting. For many business owners it can be a hard to let go of their internal accounting department, especially when they

Key Deadlines for 2019 Quarter 2 Tax Calendar

Does the April 15 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2019? Here are some of the key tax-related deadlines that

Small Business Owners Still have Time to Set Up a SEP Retirement Plan for Last Year

Are you wishing you’d set up a retirement plan for your small business for 2018? Believe it or not, you may still be able to do so, and also reduce your 2018 tax liability! Contribution

Leasing Equipment vs. Buying Equipment for your Business

When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications. Pros and Cons of Leasing From a cash flow perspective, leasing can

Reporting Stock Compensation Paid to Non-employees

Good news for businesses that pay contractors and consultants with stock or stock options: The accounting rules for stock-based compensation have been simplified. Under recent guidance issued by the Financial Accounting Standards Board (FASB), they now

Home Office Deductions: Actual Expenses vs. the Simplified Method

Business owners may be able to save tax with the home office deduction. But will you save more by claiming actual expenses or using the simplified method? Basics of the Deduction In general, you’ll qualify

AGN Global Survey: AI and the Entrepreneur

The world is musing over the potential impact of Artificial Intelligence (AI). Forrester predicted “A greater than 300% increase in investment in artificial intelligence in 2017”, and Sundar Pichai CEO of Google wrote in 2016

Possibility of Larger Deductions for Business Miles this Year

Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019. Your business may be able to claim a larger

FASB Expands VIE Exception for Private Companies

Private companies have a good reason to celebrate this New Year: The FASB recently updated its guidance to allow them to opt out of the complicated rules for consolidating variable interest entities (VIEs). Consolidating financial

That Time of the Year to Review your Business’s Expenses

It's getting to be that time of the year to review your business's expenses for deductibility. The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many business

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