Taxes

Who Owes You? 5 QuickBooks Online Reports That Can Tell You Fast Keep a constant watch on your accounts receivable to improve cash flow. Quick: How many of your invoices are unpaid? Have any of [...]

5 Things You Should Know About the Chart of Accounts in QuickBooks Online   QuickBooks Online doesn’t require deep knowledge of accounting principles. Still, there are concepts you should [...]

Need Advanced Time-Tracking? Connect QuickBooks Online to An App You can track the hours employees work in QuickBooks Online. But if your time-tracking needs are complex enough, you’ll need an [...]

The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C [...]

External audits aren’t required for every business. But whether required or not, they can provide lenders and investors with assurance that your financial statements are free from material [...]

While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under the act for 2019. Here’s a [...]

Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork. Why? Because your auditor wants to mitigate the risk of expressing an incorrect opinion regarding [...]

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase [...]

Business owners generally prefer to work with entities they know and trust. But related-party transactions can provide opportunities for individuals to act in a manner that’s inconsistent with [...]

2017 Third Quarter Federal Tax Developments The third quarter of 2017 brought many tax developments from Washington, the IRS and the courts, including a much anticipated outline from President [...]