Bookkeeping
Tuesday Tax Tip
Keep sources of cash flow separate.
Read More7 BasicTax Tips
7 Simple business steps can save untold hours of labor, confusion and misery when you prepare for tax season.
Read More16 US State Tax Holidays 2019
Back-to-School? See personal tax savings list here. Sixteen US States are having Sales Tax Holidays to give stressed parents a break in back-to-school costs. If you are buying spcific items within the tax exempt guidelines offered by these states during the posted dates, you will not be charged sales tax from participating vendors. To make…
Read MoreFASB Changed Timeline of Four Filing Standards
FASB (Financial Accounting Standards Board) will delay effective dates for four key standards for some groups of Financial Statement preparers. The affected groups include accounting companies for Lease Accounting: preparers not public business entities’ new date would be January 1, 2021. Year end public businesses, employee benefit plans and non-profit conduit bond obligors remains unchanged,…
Read MoreCryptocurrency Meets Accounting
Cryptocurrency is rocketing to the forefront. When so many are purchases are made electronically, why wouldn’t currency follow and evolve? But today, many businesses are still trying to answer the question, how does basic accounting and cryptocurrency intersect and how can you protect your totals? Before we discuss a new monetary system, we should clarify. …
Read MoreHow Your Accountant’s Conference Can Benefit Your Business
The month of June is not normally regarded as important in terms of accounting deadlines. But June and July are known in the accounting industry as the Accountant Conference months. So many industry conferences are held in June and July that there are lists of the top Accounting Conferences so firms can determine which best…
Read MoreIt is NOT too Late to Make 2018 Contributions to your Retirement Account!
If you are seeing that you should have contributed more to your 401(k) for the tax year 2018, the good news is that it is not too late. The bad news is that most employers do not allow you to specify which year you want to add to, so ask. Your HR team should be…
Read More3 things That Control When you Retire
Today, a friend of mine lamented how she wished she could retire now, but can’t afford it. Neither can I retire today, unless I can live on much less than I do now. The conversation made me think. How ready are most of us to retire when we want to retire? This is just a…
Read MoreGet Your Tax Refund On Time with Three Simple Steps
Worried about your tax refund being delayed? Today, the processing of tax returns is mostly automated if you e-file and get refund via direct deposit. If you want to avoid delays in your tax refund by a short staffed IRS team, make sure your tax return can be automated too. The three steps to keep…
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