Having timely, accurate accounting information is essential to running a healthy business. As I progress through my business career and interact with lots of “business” people, I’m noticing a scary trend. Many business owners do not see the need to ...[Read More]
Why you need timely, accurate accounting.
Early withdrawals from a 401(k) can be costly
Early withdrawals from a 401(k) can be costly If you’re considering taking a 401(k) withdrawal before you’ve reached 59 ½ years old, I would think twice. In most cases (excluding those where you’ve left your employer in/after the year you turned 55) ...[Read More]
Donating Appreciated Property for Tax Savings
Donating Appreciated Property for Tax Savings Clients are always asking me for tax saving measures to take before the end of the year. While most suggestions involve spending money to get a dollar for dollar deduction (cash donations to charity, inc ...[Read More]
Louisiana Technology Donations can be Big Tax Savings
Louisiana Technology Donations can be Big Tax Savings Most taxpayers are aware of the benefits of making charitable donations. It’s pretty simple in most cases. You give to a charity and you get a charitable donation deduction that saves Federal in ...[Read More]
Cash Receipts and Disbursements Not the Best Way to Determine Profitability
Cash Receipts and Disbursements Not the Best Way to Determine Profitability Speaking with entrepreneurs recently (especially those w/businesses that buy/sell inventory) I’ve noticed a lack of understanding of the difference between cash flow and net ...[Read More]
Form 1099 Filing Requirements
Form 1099 Filing Requirements If you made a payment during the calendar year **as part of your trade or business**, you are likely required to file a 1099 or Information Return with the IRS. Form 1099-MISC would be issued for payments, in the course ...[Read More]
Cloud-based Accounting Tools for Your Business
Cloud-based Accounting Tools for Your Business We’ve been working hard researching and implementing cloud-based accounting and financial tools to help our clients organize their data and cut down on data entry while increasing accuracy. From an acco ...[Read More]
Benefits of a Roth 401(k)
Benefits of a Roth 401(k) A Roth IRA can be a great vehicle for retirement savings. Taxpayers make after-tax (non-deductible) contributions to a Roth IRA. Contributions accumulate along with earnings in the Roth IRA and can be withdrawn TAX FREE on ...[Read More]
New Due Dates for 2016 Tax Returns
New Due Dates for 2016 Tax Returns NEW DUE DATES FOR 2016 TAX RETURNS Are you ready for the new due dates for 2016 tax returns due in 2017? Recently enacted legislation has changed some due dates in order to facilitate a more logical flow of informa ...[Read More]
Accounting Made Simple, Smart and Secure with Xero Accounting
Accounting Made Simple, Smart and Secure with Xero Accounting In today’s on the go, information at your fingertips world, being able to do business anywhere is essential. That’s why I’ve become a Xero Certified Advisor. Xero is a cloud-based account ...[Read More]