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 …Read More

 

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 …Read More

 

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

 

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 …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

 

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

 

The end of the year is approaching and it’s time to perform an effective inventory count. Beyond accounting compliance, a year-end physical inventory count can help reduce carrying costs and unearth fraud. Are you ready to …Read More

 

Even though tax planning is a year-round task, there is still time to take action on lowering your 2018 tax bill. Follow these last minute tax moves for your business: Postpone invoices. If your business …Read More

 

Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020. The 2019 version …Read More

 

Investing in business assets is a traditional and powerful year-end tax planning strategy, and it might make even more sense in 2018. Sec. 179 expensing and bonus depreciation both allow an immediate deduction for the …Read More