
Our Small Business Packages are innovative solutions designed to support your business' day-to-day operations by relieving you of the cumbersome accounting tasks — balancing checkbooks, bookkeeping, paying bills, payroll, financial statement preparation, as well as your retirement planning needs.
Learn moreYour business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans are called Section 127 plans after the tax code section that allows them. Plan...
Read moreToday’s companies have several kinds of tax-advantaged accounts or arrangements they can sponsor to help employees pay eligible medical expenses. One of them is a Health Reimbursement Arrangement (HRA). Under an HRA, your business sets up and wholly funds a plan...
Read moreWith summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them on the payroll? This move can help you save on...
Read moreThe general ledger is the primary entry point for all of your business's financial data. As it tracks your assets, equity, liability, revenue, and expenses, the general ledger is the foundation of your business's accounting and your ability to make...
Read moreSmall to midsize businesses have valid reasons for incorporating, not the least of which is putting that cool “Inc.” at the end of their names. Other reasons include separating owners’ personal assets from their business liabilities and offering stock options...
Read moreSmall and medium-sized business owners are often forced to wear multiple hats as they strive to balance their priorities and maintain daily operations. One aspect of business employers shouldn’t inadvertently overlook is exploring ways to offer comprehensive employee retirement plans....
Read moreFor federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only to the extent of passive income from other sources, if any. For example,...
Read moreFinancial statements can fascinate accountants, investors and lenders. However, for business owners, they may not be real page-turners. The truth is each of the three parts of your financial statements is a valuable tool that can guide you toward reasonable,...
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