Insights

Many businesses remain steeped in financial, operational, and HR challenges related to the COVID-19 crisis, but businesses cannot afford to neglect proper tax planning this year. With only a few months remaining in 2020, now is the time to evaluate your tax position, take full advantage of tax breaks, and plan out strategies to manage…

We recognize the impact this unimaginable year has had on all of us. There have been immeasurable shifts in our society, but our unwavering commitment to help guide you through these uncharted waters with our resources and expertise remains steadfast. Here are some planning tips to help you untangle the complex tax laws affecting high-income…

Owning your own business gives you a great deal of freedom to make your own choices. It also comes with a lot of responsibility as well, including estimating and paying your own quarterly taxes, hiring reliable employees, and most importantly, saving for a secure financial future. Sometimes the choices for retirement plans can be overwhelming. That’s why we’ve laid…

New information continues to unfold as Congress provides clarity on several aspects of the economic impact payments and discusses a potential second round of stimulus checks. IRS Notice 1444 Under the CARES Act, the IRS deposited or mailed the first round of stimulus payments back in April in the amount of $1,200 per eligible taxpayer,…

A CPA may be called upon as an expert witness to render a professional opinion, whether in a deposition or at trial. Expert witnesses may be engaged in many types of civil and criminal cases involving financial issues and disputes ranging from IRS audits to Ponzi schemes, including: Fraud Tax Real estate Contracts Regulatory compliance…

Cash flow is king. It is the lifeblood of any business. Often referred to as “working capital,” cash flow is the movement of money going in and out of your business and provides a lens into the health of your operations. If a business is going to survive, owners need to understand best practices to…

If you’re serious about paying off your mortgage quickly, realize that every dollar you add to your regular payment each month puts a bigger dent in your principal balance—and you don’t have to double-down to make a difference. Adding even one extra payment each year knocks years off your mortgage. Here are some options for…

Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces this year. This new swell of people working remotely has sparked questions regarding home office expenses and whether they qualify for a deduction. The answer is: it depends. If you are a W-2 employee, unfortunately, the answer is no……

Some love annuities, some hate them, but there’s no denying that many find them useful, and they often form part of an estate plan. Before making a decision, it’s a good idea to learn more about them and how they might be able to help you. Annuities are contracts—sold by insurance companies—that return a series…

QuickBooks is an excellent and cost-effective solution for small businesses, maybe even midsize businesses. But your company will eventually reach a point when it’s time to move off of QuickBooks and onto an enterprise-level software. So, how do you know when to make the move and take your accounting software to the next level? QuickBooks…