Why include your CPA when creating a new product? While they may be easy to overlook, their presence throughout your process could save you big come tax time. We detail how an R&D tax credit …Read More

 

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 …Read More

 

Who pays with cash anymore? Many customers prefer electronic payment methods, such as credit cards, PayPal, Venmo or even Bitcoin. But modern forms of payment require a modern audit approach. Cashless transactions require the exchange of …Read More

 

Enhanced depreciation-related tax breaks for certain business real estate investments, such as qualified improvement property, may offer substantial savings when you file your 2018 tax return. Here’s what you need to know. Section 179 expensing …Read More

 

M&A volume skyrocketed in 2018. However, before you close on a prospective deal, it’s important to consult with your auditor and make sure your post-M&A financial statements comply with U.S. Generally Accepted Accounting Principles. Prepare the …Read More

 

Here are a few key tax-related deadlines for businesses during Q1 of 2019. This list isn’t all-inclusive, so there may be additional deadlines that affect your business. Contact us if you have any questions about …Read More

 

Since a lot of money flows through accounts payable (AP), it is important to get it right! Auditors can help by using four key procedures on AP: reviewing standard operating procedures (SOPs), analyzing source documents (such as …Read More

 

Though balance sheet accounts are the customary focus of auditors, revenue is a key income statement account. And it may steal the spotlight in the coming audit season. Contact us to help ensure your company …Read More

 

Ultimately, people typically prefer to do business with people they know, like and trust. But related-party transactions can provide opportunities for individuals to act in a way that creates confusion between the concerns of the …Read More

 

With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances …Read More