NFP Changes

New financial statement standards have been issued for not-for-profit organizations and will go into effect for most organizations for their fiscal year ending in 2019. The purpose of these changes is to improve clarity, uniformity,

Why You Should Consider a Roth 401(k) Plan

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s

Properly Classifying Workers: Employee vs. Independent Contractor

To save money, your business may treat workers as independent contractors, rather than employees. Be aware that the IRS looks for businesses that improperly classify workers. It’s best to handle independent contractors so the relationships

What Entrepreneurs Need to Know About Tax Returns

Starting a new business can be a hectic, exciting and expensive time. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. Some may have to be amortized over time

Benefits of CFO Services

A great CFO can do more than help a company’s bottom line—they can put key processes in place to drive growth and culture. CFO’s provide their company with direction and vision that is invaluable. Why

What Type of Expenses Can’t Be Written Off by your Business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office

When Should You Report Subsequent Events?

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications

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

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