Jason Vathis, CPA, CFP, brings over 26 years of experience in public accounting and financial planning. As both a Certified Public Accountant and Certified Financial Planner, Jason offers a strategic, well-rounded approach to tax and financial advisory services. He currently serves as CEO of Gift CPAs, having worked his way up through the firm, and is a Leadership Harrisburg graduate. Jason’s expertise and leadership have earned him recognition as a Simply the Best award winner by the Carlisle Sentinel.
When reviewing a company’s financial health, the balance sheet is one of the most essential tools. But if you’re unfamiliar with financial statements, it can feel like navigating a foreign language. Understanding how to read a balance sheet empowers you to assess a company’s financial stability by revealing what it owns, what it owes, and …
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When tax season approaches, many people and businesses scramble to find ways to lower their tax bills, often stumbling upon two powerful tools: tax deductions and tax credits. While both strategies can reduce how much you owe the IRS, they work fundamentally differently. Understanding the difference between a tax deduction and a tax credit can …
Continue reading “Difference Between Tax Deduction and Tax Credit: How to Maximize Your Savings”
Maintaining financial records can be daunting in today’s fast-paced business environment. Enter virtual bookkeeping, a modern solution designed to simplify your financial management. Whether you’re a small business owner or managing a larger enterprise, understanding the benefits of electronic bookkeeping can revolutionize how you handle your finances. This article will help you explore the key …
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In the world of business, bookkeeping and accounting are often misunderstood. Although they may seem similar, each plays a unique and essential role in a business’s operation and financial health. Understanding the differences between bookkeeping and accounting, and knowing why both are essential, can make a significant difference in how effectively a business operates and …
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Are you ready to take that leap of faith and start your own business? Congratulations! You are in good company. Small businesses create a vibrant and strong economy. In Pennsylvania, 2.5 million people are employed by small businesses. The hard work, innovation and creativity of small businesses helps our region and state thrive. For entrepreneurs, …
Continue reading “Crucial Five-Step Checklist to Establish a New Business “
Running a small business requires constant forecasting and planning to ensure you are prepared for both anticipated and unexpected changes. Planning for change is not only important for aspects of your business like revenue, expenses, sales, inventory, capital and cash flow, but also for taxes. Projecting the impact of taxes is essential. Similar to a …
Continue reading “The 3 Major Benefits Of Tax Projections and Your Small Business”
Are you preparing to launch a business or make a sizeable investment to grow your existing business?
Taxes are often a dreaded part of running a small business. Many entrepreneurs and small business owners do not have income taxes withheld automatically from wages the way that a W-2 employee does.
A new year brings new guidelines for tax deductions as well as opportunities to learn how you can maximize your deductions as a small business owner.
Here are five important topics to help you prioritize your goals for a successful 2023.
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