Secure Act 2.0 Passes
January 3, 2023
A few years ago, congress passed the SECURE Act, which made some pretty sweeping changes to retirement accounts and related laws. This is generally a
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Real Estate Agent Accounting Guide: Expert Tips
January 3, 2023
Real estate agents typically handle a wide range of financial tasks, such as managing client funds, preparing and reviewing contracts, and tracking income and expenses.
Which Construction Accounting Method is Right for You?
December 5, 2022
Accounting and taxes for construction projects can be extremely complex. When completing your books, it is important to understand which accounting methods are available and
The Ultimate Construction Accounting Guide for Contractors
November 29, 2022
Accounting for construction contractors can be surprisingly complex. Getting your bookkeeping and accounting done correctly can lead to higher profitability, better tax outcomes, and a
2022 Tax Preparation Checklist for Small Business Owners
November 29, 2022
As a small business owner, you have enough on your plate as it is. Worrying about year-end tax planning and tax preparation can add unnecessary
7 Benefits of Outsourcing Your Bookkeeping
November 28, 2022
Running a business requires a constant juggling act of various roles within your company. One day you’re doing the work and generating revenue. Next, you’re
2022 Small Business Tax Deductions Checklist
November 21, 2022
As a small business owner, you’ve been busy all year trying to grow your business and make it more profitable. What you may not have
Five Strategies to Reduce Taxable Income for High-Income Earners in 2022
October 3, 2022
No one wants to get stuck with a large tax bill in April. This is especially true for high-income individuals, as they are generally subject
2020 Tax Updates
January 7, 2021
With the passage of the most recent economic stimulus package, there are some important updates to consider when filing your 2020 income taxes.
Potential Updates to PPP Loans
December 24, 2020
How the December 2020 stimulus package may impact current and future PPP loan recipients.
Tax Implications of Buying or Selling an S-Corporation
November 24, 2020
How the sale of an S-Corporation impacts your tax return and why contract structure matters.
The Tax Implications of a Roth Conversion
October 30, 2020
Understanding the tax implications of a Roth IRA conversion and how to if it’s right for you.
C-Corporation or S-Corporation?
August 23, 2020
The differences between the two and why you shouldn’t be fooled by low corporate tax rates.
Rental Properties and Taxes: Everything You Need To Know
August 23, 2020
The tax implications of owning a rental property and what you need to know before selling.
Do I Need To Keep My Receipts?
August 23, 2020
The importance of documentation for business expenses and how you can make your process stress-free.
S-Corporation or Single-Member LLC?
August 10, 2020
The difference between the two and when it makes sense to make the S-election.
How To Pay Taxes When You Are Self-Employed
August 10, 2020
The options available for sole-proprietors for paying in their income taxes.
Vehicle Expenses for S-Corporations
August 10, 2020
The options available to S-Corporation owners for vehicle expenses and the implications of each.
Personal Transactions in Your Business Accounts
August 10, 2020
The problems with treating your business bank account as your own personal expense account.