A CPA's Two Cents

401(k) and IRA Contribution Limit Increases in 2019

This year, The IRS has announced cost of living adjustments that will affect dollar limitations for pension plans and other retirement-related items for the 2019 tax year. This article breaks...

Know The Advantages of S Corporations

Know The Advantages of S Corporations

S corporations are entities that can pass corporate income, losses, deductions and credits through to shareholders for federal tax purposes. This article will outline the advantages and...

Capital Gains and Losses: How Do They Work?

Capital Gains and Losses: How Do They Work?

A capital gain is a profit, made when you as an individual or business sell a capital asset such as investments or real estate for a higher cost than its purchase price. A capital loss is...

Feeling Overwhelmed with Payroll Regulations

Feeling Overwhelmed with Payroll Regulations

Your company is growing, and now you have an office full of employees and the questions that come along with that responsibility, such as figuring out each person's tax liability based on their...

Better Tax Outcomes

You hate writing checks to the Internal Revenue Service on April 15. But what can you do now to trim this year’s tax bill? In this article, we will provide strategies to limit your tax...

Understanding New Business Expensing Rules

Understanding New Business Expensing Rules

Rules regarding expensing and deduction are complex and managers should keep an eye on the latest rules to ensure their businesses are in compliance and are taking full advantage of the...

Establishing Payable-on-Death Accounts

Establishing Payable-on-Death Accounts

Payable-on-death (POD) accounts are a type of bank account that, at the owner's death, allow the remaining money in the account to pass directly to the beneficiaries named by the account owner,...

Tips to Handle Student Loans

Tips to Handle Student Loans

As your child prepares to go off to college and you are considering applying for a student loan, what do you need to know in order to offer them advice as they get ready to head to college? Let's...

A Summary of Audits, Reviews and Compilations

A Summary of Audits, Reviews and Compilations

It is important to prepare your financial statements in accordance with an accounting framework that's appropriate for your business. Most of the time, you'll opt for a CPA to produce your...

Tips to Launch a Successful Business

Tips to Launch a Successful Business

How do you get from the dream to fundraising to business plan to opening? Successful business owners recount how their meetings with potential investors helped them revise their business plan,...

Living Wills and How to Use Them

Living Wills and How to Use Them

Did you know that it's been estimated that fewer than one in three Americans have what's called a living will or advance health care directive? If you find yourself on life support, who will make...

Capital Gains, Losses and the Sale of a Home

Capital Gains, Losses and the Sale of a Home

You may be trying to wrap your head around how to figure out basis of property that you receive as a gift. There are many things to consider including the adjusted cost basis to the donor just...

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