Changes in the Tax Code: New Tax Laws for 2015-2016
With each New Year comes an inevitable change to the federal tax code, prompting individuals, businesses, and accounting firms alike to reassess how their returns will be filled and filed. 2015-2016 brings us a host of changes, even an adjustment to the traditional...
Should I File My Taxes Online or Visit an Accountant?
While the past decade has seen the advent of several tax preparation programs that allow users to file their taxes online, these programs raise several questions: Will filing your taxes online find you all of the deductions you qualify for? Are these programs secure?...
How to Choose a Payroll Service That Best Suits Your Business
Regardless of the size of your business, whether you’re a three-person operation, a thirty-employee small business, a company of 200 strong, or even larger, there are certain things you must consider about how you pay your employees. For small businesses especially,...
Bookkeeping Basics: What You Need to Know About Being Audited
From movie portrayals of IRS auditors as fear-mongering bullies to dozens of unnerving myths and urban legends, it’s fair to say that there is no shortage of negative perceptions about tax auditing. When it comes down to separating fact from fiction, tax filers want...
Could You Benefit From a Personal CPA?
Do you need help preparing your taxes? Do you want to plan for retirement, but aren’t quite sure where to start? A personal CPA can help you with these tasks and many more related to your personal finances—find out all you need to know in this month’s post. What is...
With Tax Evasion, Learn From Others’ Mistakes
Earlier this year, Entrepreneur Magazine composed this article discussing the task small business owners loathe the most. TD Bank released the results of survey in which 508 small business owners revealed what they loved – and hated – about owning and running their...
Bookkeeping Basics: What Is Cost Accounting?
Cost accounting is a technique used to determine the best financial course of action. The primary purpose of cost accounting is to help decision-makers make decisions. By analyzing the cost of products, services, and projects, accountants can advise businesses of the...