Unfortunately, we generally don’t know this term until it’s too late. Consequences require us to remember and then we have heart burn anytime we sell a stock. Yes, it’s important. Why you ask? Because: Basis is the point from which taxable gain or loss is measured Good basis records are required to minimize taxable gains [...]
2014 will be a challenging tax year for businesses and higher-income taxpayers. The following issues are concerns that may impact you and your company’s tax liability in the new year. Small Business Health Insurance Credit – The tax credit to small employers (25 or fewer equivalent full-time employees) that provide an affordable health insurance plan [...]
Ok, I admit it. I am a geek. I love software. I am crazy about the wonderful puzzle that accounting is. I really got excited last year when I found a new software that promises to rival QuickBooks. They call it Beautiful Accounting Software. It’s Xero.com. Yes, its beautiful accounting software and I love not [...]
Here ye, Here ye! We have a new brand…. and it’s cool, chick and awesome. Is that what my new logo screams! I hope so. That’s what every rebranding of a company should do but it isn’t just a new look, it’s a new attitude! When considering a rebrand you should think about a few [...]
Customer whole big picture view is not an easy task. We as CPA’s spend a ton of time trying to see what was done, by whom and when to put together facts for the whole picture. Sometimes we are missing relevant information that is held onto by the “bookkeeper” or even the owner who prepares [...]
There is nothing worse than paying a penalty when you could plan better, right? That’s exactly what this is all about. There are several ways they creep up on you so beware below……. Article Highlights Taxpayers can be hit with underpayment penalties if their withholding and estimated payments are too low. Underpayment penalties can be [...]
I love franchises. Who doesn’t love a business that is completely replicable? They are created to provide the same experience to the customer no matter the owner or location. Franchises spend an exorbitant amount of time and money making sure that they train and prepare the franchisee to create the same experience. As a young [...]
It’s that time of the year! Yes, it’s the holiday season. I think the holidays start earlier and earlier every year but I don’t mind. I say bring on the Hallmark Christmas movies….. but before we really get into the holiday spirit let’s discuss one thing. Preparation Generally, those who plan well in November rarely [...]
Although The Wilderness is a scary unchartered territory, it can be a very strange mixture of beauty and danger that dazzles and brings out the best in you. It’s a new revelation that brings excitement and fear all at once. It is a place where you come to heal from times of brokenness. Why are [...]
Is that a catchy title or what? I think about these titles for weeks prior to actually putting it down on paper. I also think about what I want to say and how I can help business owners. As a small business owner we are bombarded with all kinds of information on a daily basis. [...]