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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 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 MoreAs you probably already know, the American Institute of Certified Public Accountants (AICPA) will be administering a new version of the Uniform CPA Exam starting April 1, 2017. Why the Changes to the CPA Exam? In a practice analysis conducted by the Board of Examiners of the AICPA, which aimed to make sure that the[…]
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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