IRS announces new income tax brackets for 2024
It might seem like a long way off, but where tax planning is concerned, earlier is better. To help us get a get a jump on our tax planning for 2024,...
Denied Deductions for Inadequate Business Records
In order to claim a deduction, the federal tax law requires that you provide evidence for a trade or business expense. This means you must show the...
Strategies for Small Business Sustainability
In the realm of business ownership, the perennial questions of "What can I deduct?" and "How can I save money?" reverberate through boardrooms and...
Hiring an Employee vs Hiring an Independent Contractor: What a CPA wants you to know
Hiring an employee or an independent contractor isn’t as simple as you’d think. In fact, there are real world implications for misclassifying a...
Top 3 Small Business Accounting Mistakes (and How to Avoid Them)
Small business accounting mistakes happen, but they happen more often when you don’t have an accountant. Those mistakes are often why we’re coming in...
Is It Time to Switch Accountants? Why Mid-Year Might Be Best
Changing accountants probably isn’t at the top of your summer to-do list. Between vacations, BBQs, and simply trying to keep the business running,...
Bookkeeping vs Advisory Services
For the most part, a tax return or a financial statement will look similar no matter who prepares it. That’s not to say that bookkeeping isn’t...
The 5 Best Business Books Every Small Business Owner Should Read: 2023
In his book The E-Myth, Michael Gerber says, “You need to work on your business, not ‘in’ your business?” The general idea is that you need systems...
How can I afford to pay for an accountant or CPA firm?
Running a small business is hard work, you need a team of folks in your corner – and at the top of that list should probably be an accountant. We say...
The 3 Biggest Mistakes We See Small Businesses Make
Running a small business means that, as the owner, you’re wearing a ton of different hats. Things can fall through the cracks. It’s OK, that can...
How will AI replace my CPA?
2023 is the year of AI. From ChatGPT to Midjourney, it’s rapidly becoming apparent that artificial intelligence will integrate into nearly every...
What can you do when you have a bad-fit accountant?
Getting the best outcome at tax season is dependent on a few things, but there’s one that really sticks out: being on the same page as your...