Accounting In Action
News You Can Use
After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill to address the financial and health care crisis resulting from the coronavirus (COVID-19) pandemic.
Read MoreTaxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic.
Read MoreEvery company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise — are limited. If this describes your company, one place you can look to for some assistance is the Small Business Administration (SBA).
Read MoreThe 2019 filing and tax payment deadline for both IRS and FTB is now automatically extended to 7/15/20.
Read MoreNot all tax figures are annually adjusted for inflation or change due to legislation. But many do. Here are some Q&As about tax-related figures for 2020.
Read MoreYou may assume that if you make a charitable contribution to an eligible organization, you’ll receive a tax break for it. That may not be the case anymore. Here’s why.
Read MoreWith their eyes on the big picture, business owners and execs can too easily lose sight of the company full of employees around them. Here are some simple ways to stay in touch.
Read MoreHaving a company with “high concentration” might sound like a positive thing, but it could be a major risk to your bottom line. Study up on the word and its meanings.
Read MoreBusiness owners: Sometimes it may seem that no matter how hard you work, escalating expenses always get the better of you. Fight back with cost management.
Read MoreBusiness budgets often perform well for a while but suddenly drop off a cliff when something unexpected happens. Proper risk management can prevent this.
If you hold a business-related debt that’s become worthless or uncollectible, a “bad debt” deduction may allow you to cut your losses. But there are a few hoops to jump through.
Taxpayers are often advised to use year-end tax planning to help reduce taxes
Read MoreAs we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones.
Read MoreAre you charitably minded and have a significant amount of money in an IRA? If you’re age 70½ or older, and don’t need the money from required minimum distributions, you may benefit by giving these amounts to charity.
Read MoreMerging with, or acquiring, another company is one of the best ways to grow rapidly.
Read MoreLove and marriage,” goes the old song: “…You can’t have one without the other.” This also holds true for sales and marketing.
Read MoreEvery new company should launch with a business plan and keep it updated
Read MoreRecent legislation will now force employers to convert most of their independent contractors to employees
Read MoreBusiness customers may appreciate your allowing them to buy on credit. But….
Read MoreDon’t wait until next year to start strategic planning. Begin this important effort now.
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