What happens if an individual can’t pay taxes
While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you...
19 August, 2020
Blog
The possible tax consequences of PPP loans
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you...
12 August, 2020
More parents may owe “nanny tax” this year, due to COVID-19
In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may result...
12 August, 2020
5 common accounting software mistakes to avoid
No company can afford to operate without the right accounting software. When considering whether to buy a new product or upgrade their current...
12 August, 2020
Thoughtful onboarding is more important than ever
Although many businesses have had to reduce their workforces because of the COVID-19 pandemic, others are hiring or may start adding employees in...
06 August, 2020
File cash transaction reports for your business — on paper or electronically
Does your business receive large amounts of cash or cash equivalents? Business accounting principles indicate you may be required to submit forms to...
04 August, 2020
The tax implications of employer-provided life insurance
Does your employer provide you with group term life insurance? As an Indianapolis accountant, we have seen this scenario many times. So if...
04 August, 2020
2020 – 07/28 – Are scholarships tax-free or taxable?
If your child has been awarded a scholarship, congratulations! But be aware that there may be tax implications. Scholarships and fellowships are generally...
30 July, 2020
Why do partners sometimes report more income on tax returns than they receive in cash?
If you’re a partner in a business, you may have come across a situation that gave you pause. In a given year, you...
27 July, 2020
Reopening concepts: What business owners should consider
A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with the crisis as...
24 July, 2020