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While most people and business owners are busy going over their 2016 taxes, savvy planners are taking steps now to prepare for 2017 in order to help reduce their taxes going forward. As mentioned in the last article, loss harvesting is a good way to help reduce your 2016 taxes owed, but it can also[…]
Read MoreAccounting is a necessary component for running a financially sound nonprofit organization. Without it, a not-for-profit can find themselves in financial trouble very quickly, or worse, in trouble with the IRS. It’s imperative that their accounting department or accounting firm stay organized and up-to-date with, not only the daily business, but with the changes to[…]
Read MoreThere’s no way to plan for a disaster, but did you know that the tax code will allow you to claim certain tax deductions for household damage due to hurricanes, floods, thefts, and vandalism? Obviously, good records will need to be kept and more paperwork necessary to fill out, but in most instances you’ll be[…]
Read MoreSmall business owners can sometimes find bookkeeping a daunting task when it comes to managing their business and feel that it takes away from their day-to-day business operations. However, successful business owners adopt certain practices and procedures to help them organize the mounting receipts, invoices, and paperwork in an effort to help them stay on[…]
Read MoreOften called a “snapshot,” a balance sheet offers a picture of your business finances at a given point in time. Balance sheets take into account assets, liabilities and equity to show whether or not your company is trending toward growth. Along with other financial records, this tool can aid you in making better decisions[…]
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