4 min read
Hiring a CPA vs QuickBooks Live Bookkeeping: Which is right for you?
QuickBooks can be a vital tool for small business owners, office managers, or anyone who needs to log financials and back-office tasks. It’s so...
small business tax (2)
3 min read
What's the difference between a monthly accountant and an annual accountant?
This time of year, everyone needs an accountant, but what’s the actual difference between utilizing a monthly accountant VS an annual accountant?...
5 min read
Why you shouldn’t wait until ‘crisis mode’ to hire an accountant
Tell us if you’ve heard this one before. It’s February (or maybe even March), and you’re scrambling to get some poor, beleaguered accountant to get...
4 min read
What does your accounting firm actually do for you every month?
Hiring an accounting firm is one of the smartest things you can do for your business. At least that’s what people say, but is it true? What do those...
4 min read
What you need to know about the Employee Retention Credit in 2022
The Coronovirus Aid, Relief, and Economic Security (CARES) Act contains a business relief provision known as the Employee Retention Credit (ERC), a...
3 min read
How to use the pass-through entity tax in Wisconsin or Illinois
The Tax Cut and Jobs Act of 2017 had many long-ranging implications, but perhaps none more significant than its effect on itemized deductions and how...
4 min read
S-corp, Partnership, or C-corp: Which is right for your small business growth?
According to the Bureau of Economic Analysis, S corporations account for 76.8% of corporations with less than 500 employees and 37.3% of corporations...
5 min read
7 Auto Repair Shop Tax Deductions to Save Money
Did you know that most businesses lose out on a significant amount of money each year by neglecting to take advantage of tax deductions? In fact, you...
2 min read
Augusta Rule: How to Master this Tax Loophole
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The Masters Tournament, held in Augusta, Georgia, is one of the most prestigious PGA golf tournaments. It’s so widely attended that people will rent...
2 min read
Employee or Independent Contractor? Why you must know the difference
The distinction may be challenging to make sometimes, but the IRS has very strict rules about it. Depending on the size of your...
1 min read
IRS Estimates the Tax Gap Totals Hundreds of $$BILLIONS
If you are a small business owner, and you have never experienced an IRS audit, consider yourself fortunate. Be aware though, the...
1 min read
Millions of Backlogged Tax Returns
If you are one of the many people wondering what happened to the refund you expected from your 2019 federal tax return, you are not...