This is an overview of Domestic Production Deduction for Business Taxes, for the 2018 Tax Law.
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This is a hot topic around our office. As a CPA practice we believe that you should have a defined close process at the end of each month. We treat the firm like a client!All accounts are reconciled and analyzed at each month ended.
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This is an overview of the Entertainment for Business Taxes, for the 2018 Tax Law.
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This is an overview of Like-Kind Exchanges for Business Taxes, for the 2018 Tax Law.
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This blog is specifically geared for teaching an entrepreneur how they should gain a better understanding of their financial information. The decision making process can be greatly enhanced by using your balance sheet, income statement, and underlying financial data. You can pivot more promptly, that can create a positive financial impact. Using financial data will assist you with changing your business direction, increase revenue streams, and allow you to learn how to analyze your expenses to increase your bottom line.
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This is an overview of Net Operating Carryback for Business Taxes, for the 2018 Tax Law.
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It is always good to know if you need improvement or something that can help you with your financial future. The financial records can be utilized to navigate your company. The following knowledge could be gained through this process.
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This article has some good tips on steps you should take to increase your opportunity for a successful outcome. Internal growth is critical to allow for strong external growth of a business venture.
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This is an overview of the Cash Method of Accounting for Business Taxes, for the 2018 Tax Law.
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This is an overview of the miscellaneous expenses subject to the 2% limitation for an individual, for the 2018 Tax Law.
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This is an overview of the Taxes on Schedule A for an individual, for the 2018 Tax Law.
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This is an overview of the medical expenses for an individual, for the 2018 Tax Law.
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This is an overview of the standard deductions for an individual, for the 2018 Tax Law.
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This is a brief overview of the 2018 Tax Act for individual returns.
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This is an interesting concept but double entry accounting is the foundation that has been established and used for accountability and the framework for international accounting standards.
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Artificial Intelligence (“AI”) will become more important to accountants in the near future due to the mass of detail required to comply with more sophisticated accounting conventions and complicated tax laws. There should always be a need for the review process performed by humans
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One of the most important – and complicated – changes in the new tax reform act is to tax rules affecting small businesses that are treated as “pass-through entities.”
The good news is that if you own one of these businesses you may get as much as a 20 percent reduction to the taxation of business net income under the new rules. However, calculating the actual deduction can become very complex. It depends upon several factors, including your level of income, your profession, the amount your business spends on wages and property acquired during the year.
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Congress has passed a tax reform act that will take effect in 2018, ushering in some of the most significant tax changes in three decades. There are a lot of changes in the new act, which was signed into law on Dec. 22, 2017.
You can use this memo as a high-level overview of some of the most significant items in the new act. Because major tax reform like this happens so seldom, it may be worthwhile for you to schedule a tax-planning consultation early in the year to ensure you reap the most tax savings possible during 2018.
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Business evaluation experts have been practicing and evolving landscape for the past several years. New standards, changing technology, and an aging population are all playing a part in the change. What are the emerging trends that you are seeing in business development right now? I frequently see clients that are referred for evaluation work where upon talking to the client, it's not really evaluation they are looking for, and rather it’s how can they prepare themselves to potentially sell the company. While they are thinking evaluation, what they really need is advisory services.
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Houston CPA Gary Cooper, managing partner of Cooper CPA Group, PC and Exit Advisors, LLC, lists the top three tips for selling a business.
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