RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Fri, 08 Oct 2021 09:00:00 -0500 Fri, 08 Oct 2021 09:00:00 -0500 TIPS FOR IMPROVING BUSINESS OPERATIONS Once you have your business up and running, you may begin to notice that some of your current processes aren’t working. But once you’ve recognized the problem, how do you find a solution that meets your needs? If you’re new to running a business, it can be difficult to pinpoint a small operational issue that has wide-reaching effects. Fri, 08 Oct 2021 09:00:00 -0500 IS QUICKBOOKS BETTER THAN MANUAL RECORDS? Traditional business operations previously required balancing debits and credits in paper ledgers, tracking physical receipts, and balancing all these numbers on a routine basis to ensure nothing was missed. While this is certainly effective, it is almost antiquated by modern standards. QuickBooks provides significant benefits that any business owner should consider, even if they depend on manual recordkeeping and reconciliation. Fri, 08 Oct 2021 09:00:00 -0500 Use These Strategies To Pass on Wealth to Heirs Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 Small Business: Tips for Ensuring Financial Success Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 Defer Capital Gains Using Like-Kind Exchanges If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 What Are the Most Important Elements of a Solid Business Plan?

Planning is essential before you start any business. It gives you a blueprint for where the company should be in the coming years and the strategy to reach that level. What’s incredible about planning is that it will also illuminate all the potential issues you are bound to encounter. While several successful businesses are launched […]

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Wed, 29 Sep 2021 00:00:00 -0500
4 Ways to Minimize Your Taxes

Taxes are inevitable! Like most taxpayers, you are probably wondering how you can minimize the amount you owe. Your income is taxed at the local, state, and federal levels, not forgetting additional deductions to cover Medicare and Social Security. While tax situations differ for every individual, there are specific steps that most taxpayers can take […]

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Wed, 22 Sep 2021 00:00:00 -0500
5 Facts You Should Know About Compound Interest

If an investment or loan accrues compound interest, its interest is calculated using the sum of its initial principal plus any previously accumulated interest. You can think of this concept t as “interest on interest” that will make your money grow faster than simple interest. Suppose you deposited $100 one year ago in an account […]

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Wed, 15 Sep 2021 00:00:00 -0500
Why Virtual Accounting Is on the Rise

Accounting has been an essential part of every business since time immemorial. Both profit-making and non-profit organizations require accounts management to keep their finances in check. In simpler terms, accounting tracks money that flows in and out of your business and monitors its assets. An accounting expert deals with financial duties like bookkeeping, taxes, investment […]

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Wed, 08 Sep 2021 00:00:00 -0500
What Is a Designated Roth Account? If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 Verifying Your Identity When Calling the IRS If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 Tax Rules for Divorce and Alimony Payments Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 Tax Relief for Those Affected by Natural Disasters Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 Six Things To Know Before You Start a Business Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500