Information about tax changes the Biden administration is considering leaked yesterday, creating some big headlines in media. “First major tax hike since 1993” according to Bloomberg. As a...
Bookkeeping and Accounting are part of the same profession and are often confused as the same thing, however they are different activities. Bookkeeping is transactional and administrative record...
(Note: the passage of the Economic Aid Act signed into law 12/27/2020 has made this article inaccurate. Forgiven PPP loans are no longer taxable, see our article on...
Form 941 is the Employer’s Quarterly Federal Tax Return. It is an IRS form used by employers to report federal income taxes, Social Security tax or Medicare tax...
President Trump issued an executive order allowing employers to defer OASDI taxes from September through December of 2020, now being called the payroll tax holiday. Some are celebrating...
As the person in charge of your company’s financial health, the chief financial officer (CFO) is vitally important. But how can you measure their effectiveness? In this article,...
Should I do my own taxes or hire a professional? Will Rogers added to Ben Franklin’s famous quote: “The only difference between death and taxes is that death...
Will you be leaving money on the table next year? Tax reform is here, and it’s time to seriously review your business. Just before Christmas, Congress passed legislation...