SECURE 2.0 Act of 2022 Retirement Plan Changes
Big changes are coming to retirement saving rules and tax breaks because of the SECURE 2.0 Act of 2022.
What is and isn’t a deductible business expense
For many business owners, tax season is a stressful time. There’s a delicate balance between making sure you receive all possible deductions to optimize your tax bill and going too far and misunderstanding what qualifies as deductible business expenses. Read on to learn how eligible business expenses can save you money when filing your tax […]
Tips On Preparing For Year-End Tax Planning
As another year is drawing to a close, tax season is just around the corner. To help you get everything in order for the new year, we’re sharing some helpful tips and information to get you organized with year-end planning. Year-End Tax Planning Resources To Consider Invest in retirement accounts Consider investing in an IRA. […]
IRS Individual Online Accounts
When it comes to taxes, a big challenge many business owners and individuals face is keeping track of all of the data they need for filing taxes or handing things off to their accountant. Thanks to the IRS, their online services account helps with this challenge and organizes your information in one single place. This […]
PA Sales and Use Tax: What You Need To Know
Many small businesses understand that Pennsylvania has a sales and use tax, but the use tax portion of the law isn’t always understood. As collecting use tax is becoming more important to the Department of Revenue, it’s vital that every small business reports and pays use tax correctly. How do you do that? We’re sharing […]
Why Work With An Accountant Who Understand Your Industry: Construction & Auto Industries
When it comes to construction budgets and automotive sales, numbers play a huge role in the success of a business or operation. Accounting and bookkeeping responsibilities are essential aspects of the business to keep up with but they may not be expertises in your wheelhouse. For business owners in these industries who are not prepared […]
Getting Started with QuickBooks Online & A ProAdvisor
As a small business owner, keeping your finances, balance sheets, invoices, and other accounting documents in order can often be easier said than done. QuickBooks Online is a wonderful option for those searching for a supportive tool to track all the essential numbers. Benefits for your business QuickBooks provides a tool chest of reports, documents, […]
The Entrepreneur’s Guide to Understanding Profit & Loss Statements
As a business owner, understanding your company’s finances is a crucial part of growth and success. Without a pulse on your profits and losses, you don’t have a sense of what direction you are heading. So not only do you need to be aware of your P&L’s, but you need to check them regularly to […]
A Breakdown of Business Ownership Types and Which is Right For You
So you’re thinking about starting a business… congratulations! Along with legally starting your own business comes a lot of exciting decisions and opportunities. While some choices are fun and exciting, others are more strategic and logistic. Filing for your business entity type is one of the decisions that require a little more thought and a […]
A Small Business Guide To Quarterly Taxes
As a business owner or entrepreneur, paying taxes and the often-dreaded tax season is unavoidable. While we can’t simply ignore these business requirements, they can feel a bit more manageable and easy to keep up with when done in pieces: cue, quarterly estimated taxes. Your familiarity with quarterly taxes depends on the size of your […]