Even though a business may be small, it’s still important to keep track of its finances in a meaningful way in order to ensure its continued success. Every business owner wants to be sure he or she is using the resources of the business in......
A CPA firm is an accounting firm with at least one Certified public accountant (and perhaps more) who are licensed in their state. The benefits of hiring a CPA firm is that they are highly-qualified and knowledgeable on accounting practices. They can help you to......
Filing your business income taxes each year is an occasion you may not always look forward to, but nevertheless, it must be done. If you are finding it too difficult and confusing or if you have doubts about whether or not you’re using all the......
The environment of modern business has changed drastically over the past few decades due to rapid advancement of technology, demographic changes, and developing trends. Keeping up can be difficult and sometimes the old rules for success no longer apply. However, as they say, “those who......
Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If you’re wondering whether you’ll be taxed on your Social Security benefits, the answer is: It depends. The taxation of Social......
If you own a business and want to focus on pursuing goals for future growth, hiring a bookkeeper can save you time and give you a more accurate picture of your company’s financial status. But when you’re getting ready to hire, you need to ask......
The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional IRA to a Roth IRA......
If the IRS audits your business tax return, they will want to take a closer look at whether you included all your income and if you took the proper deductions or credits. These audits aren’t random as they choose returns that are more likely to......
When you file your income taxes, you want to be sure it’s done accurately and that you get the largest refund possible or at least have to pay the smallest possible amount. Finding an excellent tax preparer is one way to do this, but how......
Very few people actually relish the thought of doing their own taxes, so hiring someone else for preparation of the annual tax return is a popular option. There are a variety of tax preparers to choose from, some who are more qualified to handle complex......
Filing tax returns each year is not something that most people look forward to. In fact, many experience trepidations at the mere thought of dealing with the IRS in any way. However, the question of whether or not you should hire an accountant to file......
Generally, a small business doesn’t need to hire a CPA or accountant. However, a CPA is needed when a small business must have financial statements prepared to get a bank loan, to bid on a job, to apply for a grant, or other legal reasons.......