Looking for fresh, effective ways to grow your business in 2020? You’ve come to the right place. In today’s market, it can be difficult to stand out from the crowd, gain new customers or clients, and increase your company’s revenue. Note: We said difficult, not impossible! Below, you’ll find six fun, easy tips to help… Continue reading Six Tips to Grow Your Business in 2020
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Exempt Organization Status and Excess Benefit Transactions
The IRS has issued final regulations concerning the exempt status of organizations that are tax-exempt under Code Sec. 501(c)(3) but engage in excess benefit transactions. As an exempt organization, this development may affect you.
Roth IRA Conversions – Are You Aware of These Advantages?
What are the benefits of Roth IRAs compared to Traditional IRAs?
2019 Tax Planning: Retirement Savings for Individuals & the Self-Employed
When was the last time you evaluated your retirement savings? If you can’t answer this question, then the best time to review your retirement savings is now.
Sales Receipts, Invoices, and Statements in QuickBooks
QuickBooks allows you to create multiple types of sales forms for different situations. Here’s a look at what they are and when to use them.
2019 Tax Planning: Retirement Savings for Individuals
Now is a good time to review and evaluate your retirement savings. The tax code provides significant incentives for individuals to make contributions to retirement savings and plans, including traditional and Roth IRA’s, as well as to employer sponsored qualified and non-qualified plans, including qualified 401(k) plans. A saver’s credit also may be available for… Continue reading 2019 Tax Planning: Retirement Savings for Individuals
Are You Following Best Practices in QuickBooks Online?
“Best practices” are recommendations for the most effective way to get things done. Are you following standard procedures in QuickBooks Online?
S Election to Save Employment Taxes
The S election is generally thought of as a tool to achieve pass-through taxation of C corporation income and avoid the double tax.
Excise Taxes on Private Foundations Lowered
As you know, private foundations are generally exempt from federal income taxes. However, in certain circumstances, excise taxes may be imposed on the specific income of a private foundation. In two recent pronouncements, the IRS has identified two types of income that will no longer be subject to excise taxes.
Election for Cash Basis Accounting – What is the Right Accounting Method for You?
The Tax Cuts and Jobs Act (TCJA) included simplifying the tax code and providing tax relief for small businesses. Certainly these are provisions that added complexity and uncertainty.