It is always good to know if there are any areas that need improvement within your company that can help you with your financial future. The financial records can be utilized to navigate your company. At Cooper CPA Group we offer a service called “Looking under the Hood”. The following knowledge could be gained through this process.
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It is stated that if you want a large company then you should act like a large company. What does this mean? It doesn’t mean you should start spending money on everything as a large business but there are several areas that need to be adjusted.
Read MoreThis is an overview of Domestic Production Deduction for Business Taxes, for the 2018 Tax Law.
Read MoreThis 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.
Read MoreThis is an overview of the Entertainment for Business Taxes, for the 2018 Tax Law.
Read MoreThis 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.
Read MoreThis is an overview of Net Operating Carryback for Business Taxes, for the 2018 Tax Law.
Read MoreIt 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.
Read MoreThis 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.
Read MoreThis is an overview of the Cash Method of Accounting for Business Taxes, for the 2018 Tax Law.
Read MoreThis is an overview of the miscellaneous expenses subject to the 2% limitation for an individual, for the 2018 Tax Law.
Read MoreThis is an overview of the Taxes on Schedule A for an individual, for the 2018 Tax Law.
Read MoreThis is an overview of the medical expenses for an individual, for the 2018 Tax Law.
Read MoreThis is an overview of the standard deductions for an individual, for the 2018 Tax Law.
Read MoreThis is a brief overview of the 2018 Tax Act for individual returns.
Read MoreThis 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.
Read MoreArtificial 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
Read MoreOne 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.
Read MoreCongress 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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