Is Outsourcing Your Accounting the Right Move for Your Business?
Managing finances is one of the most critical tasks for any business, yet it can also be one of the most time-consuming and complex. As businesses grow, many owners find themselves struggling to keep up with bookkeeping, payroll, tax compliance, and financial reporting. This is where outsourced accounting comes in.
Understanding the Difference Between Accountants and Tax Preparers: A Guide for Small and Medium Business Owners
As a small or medium business owner, one of the most important tasks you face is ensuring your financial records are in order and that you comply with all tax regulations. But when it comes to managing your finances, you may find yourself wondering whether you should hire an accountant, a tax preparer, or both.
The U.S. Election Outcome Likely to Have Major Impact on Taxes
Having won control of the White House, the Senate and the House of Representatives, Republicans will have the opportunity to move forward their vision for federal taxes. What might this mean? First, many provisions in President-Elect Donald Trump’s signature tax legislation from his first time in the White House, the Tax Cuts and Jobs Act […]
Not Every Disaster Allows for a Casualty Loss Tax Deduction
Many Americans have become victims of natural disasters in 2024. Wherever you live, unexpected disasters may cause damage to your home or personal property, creating a “personal casualty loss.” This is defined as damage from a sudden, unexpected or unusual event, such as a hurricane, tornado, flood, earthquake, fire, act of vandalism or terrorist attack. […]
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