Not your average tax and accounting firm.
When it comes time for financial documents to be confirmed, the three options available are an audit, a review and a compilation. Each of these represents a very different degree of effort and investigation, and therefore each provides differing levels of confidence for investors and lenders. Let’s take a closer look at all three. The …
The Difference Between An Audit, A Review, And A CompilationRead More
Everyone needs a bit of planning to help with taxes. However tax planning strategies for small business owners can put you ahead of the game in a multitude of ways. If you are a small business owner, every penny of income counts. This means that you not only want to optimize your revenue, but also …
Tax Planning Strategies for Small Business Owners This YearRead More
February 10 – Non-Payroll Taxes File Form 945 to report income tax withheld for 2019 on all non-payroll items. This due date applies only if you deposited the tax for the year in full and on time. February 10 – Social Security, Medicare and Withheld Income Tax File Form 941 for the fourth quarter of …
If you’re working with a partner or cofounded, be aware. The number-one threat to your business isn’t an external factor at all. It’s the people you started that business with – specifically partners, or cofounders.` Watch the video to learn more.
On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number of retirement and IRA plan modifications, and other changes that will impact a large portion of …
The California legislature recently passed landmark labor legislation that essentially makes it very difficult for a worker to be classified as an independent contractor (or self-employed). Governor Newsom was quick to sign it into law, and it generally became effective on January 1, 2020. Many believe this legislation will reduce entrepreneurship and innovation overall. Although …
The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the end of the year, the IRS has announced the 2020 standard mileage rates. Thus, beginning on Jan. …
January 15 – Employer’s Monthly Deposit Due – If you are an employer and the monthly deposit rules apply, January 15 is the due date for you to make your deposit for Social Security, Medicare and withheld income tax for December 2019. This is also the due date for the non-payroll withholding deposit for December …
The creditworthiness of your business is measured by its credit score. This number is issued by Dun & Bradstreet, Experian, Equifax, and FICO SBSS, and is an essential reflection of your company’s payment reliability and timeliness. Why is Your Business Credit Score Important? Your company’s overall financial health is of key importance to any lenders, …
