RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Thu, 07 Oct 2021 09:00:00 -0500 Thu, 07 Oct 2021 09:00:00 -0500 WHY SHOULD SOMEONE ELSE SHOULD PREPARE YOUR TAXES? Tax return preparation is a cornerstone service that many CPA firms offer to their clients. However, many individuals and business owners believe that the availability of tax software means they no longer need the help of an accountant during tax season. This simply is not the case. Thu, 07 Oct 2021 09:00:00 -0500 THE BENEFITS OF OUTSOURCED ACCOUNTING Proper accounting is one of the more difficult tasks facing a brand new company. Many business owners struggle to fulfill various accounting roles, especially when other priorities interfere with creating an internal department. If you do not have staff dedicated to handling bookkeeping or payroll, consider outsourcing these functions to a CPA firm. Thu, 07 Oct 2021 09:00:00 -0500 HELLO WORLD! Weâ??ll be posting helpful news from the financial industry, updates from our practice, and more about the latest in keeping your personal and business finances in the best shape possible. We built our practice on the notion that weâ??re there for our clients when they need us and we want our online presence to be a reflection of that principle. Thu, 07 Oct 2021 09:00:00 -0500 CONSIDERATIONS FOR RESTRUCTURING YOUR BUSINESS As a company grows and changes, it may need to transition into a new entity structure, such as going from a partnership to an LLC. When you are planning to restructure your business, there are several factors that need to be considered, including: Thu, 07 Oct 2021 09:00:00 -0500 Use These Strategies To Pass on Wealth to Heirs Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 Small Business: Tips for Ensuring Financial Success Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 Defer Capital Gains Using Like-Kind Exchanges If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 What Is a Designated Roth Account? If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 Verifying Your Identity When Calling the IRS If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 Tax Rules for Divorce and Alimony Payments Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 Tax Relief for Those Affected by Natural Disasters Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 Six Things To Know Before You Start a Business Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500