November 30, 2018

5 Ways to Better Prepare for Filing Your Upcoming Tax Return

The tax seasons is around the corner. If you hope to have an easy time filing your taxes, now is the time to start getting ready. Even though it pays to keep track of your tax-related information throughout the year, some extra organization just before you file your taxes will […]
November 14, 2018

Business Owners: Do These Things to Wrap Up Your Year-End Tax Planning

Taxes are a key concern when running a business, and preparing your documentation for filing shouldn’t be put off until the last minute. A review of company records over the previous year can provide a valuable overview of company finances. This allows for the correction of errors and the detection […]
October 20, 2018

Key Benefits of Outsourcing Your Accounting and Bookkeeping Functions

The primary goals of businesses are to reduce overhead and increase productivity. One way to achieve these goals is to outsource the company’s accounting tasks to a third party. Here are five benefits of hiring a third-party company to manage your organization’s accounting. Decreased Costs When hiring in-house accounting professionals, […]
October 13, 2018

2018 Tax Code Changes Affecting Pass-Through Entities

Recent tax law changes have affected tax reporting for pass-through income. Commonly used by smaller businesses, pass-through income is taxed at standard individual income tax rates. However, many smaller businesses can deduct up to 20% of their pass-through income resulting in a lowered overall tax rate as long as it […]
August 31, 2018

What to Know if You Want to Start Your Own Business

When starting your new business there are several important decisions you will have to make. This includes your business type, your customer base, location, marketing strategy, staff hirings, and so on. However, despite hard work and dedication, 30% of new businesses fail within the first two years of opening. A […]
July 5, 2018

The 20% Domestic Production Activities Deduction Replaces the 9% Domestic Production Activities Deduction

Section 199 of the US Tax Code defined the requirements for a business to take a tax deduction for certain production activities. This part of the tax code was designed to encourage business to start or expand manufacturing businesses in the United States. This was usually called the Domestic Production […]