When the 2018 tax reform law was passed, it had many of our clients taking a closer look at how they did their taxes. While most of those changes went into effect last year, there are still a few things that will be different when you file your 2019 taxes that are due April 15,…

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Part of the government funding legislation that the President recently signed into law included a provision repealing Section 512(a) (7), commonly referred to as “the parking tax.” The repeal of the parking tax was included in the ‘Further Consolidated Appropriations Act of 2020,’ which contained a number of tax provisions. Section 512(a) (7) was originally…

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Employer-sponsored retirement plans and IRAs are valuable tools successfully used by millions of Americans to help save for retirement.  Attached to the spending bill passed by Congress was the Setting Every Community Up For Retirement Enhancement Act of 2019 (SECURE Act).  The intent of the law is to make it easier for Americans to use…

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Every year we ask the question: Did you have any taxable fringe benefits that need to be reported on your employee’s W-2’s? A lot of employers aren’t sure how to do this properly, so we are here to help. Some of the most common taxable benefits are: Bonuses– considered a part of an employee’s compensation.…

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In today’s world, there’s an app for everything, and everything seems to be stored in the cloud. This is also true when it comes to accounting. There are numerous options out there, but I would like to spotlight two that our firm consistently uses for our business clients. Those products are QuickBooks Online and Receipt…

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On occasion, having your books and records audited by a governing agency is a part of being an income taxpayer and a business owner. We have the expertise and experience to successfully help you navigate an audit. When most people think about getting audited, they think about income tax audits. However, if you are a…

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Would you like to track your business’s performance at a glance? Fathom reporting is just what you need! Fathom is a web-based reporting and analysis tool that allows information related to your business to be displayed in the fashion that you choose. By creating unique reports using Fathom templates, you can easily:   Craft summaries of your monthly data by adding…

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Our Complete Business Solutions Team takes the daunting task of bookkeeping and payroll off of the business owner. We offer a wide variety of services: Weekly bill pay Preparing monthly reconciliations Paperless credit card receipt and invoice tracking Preparing/submitting payroll and sales tax returns Consulting & business planning Key performance indicators  Are you drowning in…

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As accountants, we often get asked, “So what are you seeing in this….” And “this” can range from all type of items; all forms of taxes, the markets, business expansion, etc. The list is endless in what we get asked! One of those areas I get asked about is trends within 401(k) Plans. As a…

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