These Common Financial Statement Pitfalls

Even the most dedicated business owners can struggle with preparing and reviewing financial statements. These important documents hold key insights about a company’s performance. Mistakes and data errors can drain resources and negatively impact profitability. Here are a few of the most common hazards you may encounter in preparing a financial statement and tips on [...]

2018-12-18T17:03:49-06:00January 24th, 2018|CLIENT ACCOUNTING SERVICES, FEBRUARY 2018|

Entity Selection Gets Murkier with New Tax Reform Passage

Choosing the best type of entity structure for your business has always been a complicated process. There are so many factors that go into making this decision - number of owners, state law, and taxation of the business and its owners to name a few. With the recent passage of Tax Reform, taxation has been [...]

2018-11-12T15:43:25-06:00January 8th, 2018|BUSINESS TAX, FEBRUARY 2018, TAX REFORM: BUSINESS TAX|

ACA News: Noncompliant ALEs to Begin Receiving IRS Letters

Ooh... who you gonna call (Ghostbusters) Who you gonna call (Ghostbusters) Ah, I think you better call (Ghostbusters) -Ray Parker, Jr., “Ghostbusters” If There's Something Strange in Your Neighborhood (Such as Your Mailbox), and It Doesn’t Look Good… The IRS is taking steps to enforce the Affordable Care Act’s (ACA’s) employer shared responsibility provision by [...]

2018-11-12T15:43:31-06:00December 26th, 2017|AFFORDABLE CARE ACT (ACA) COMPLIANCE, BUSINESS TAX, FEBRUARY 2018|