Sun.Dec 03, 2023

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There May Still Be Time to Reduce your Small Business 2023 Tax Bill

RogerRossmeisl

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You still have time to take advantage of a few opportunities. Time deductions and income If your business operates on a cash basis, you can significantly affect your amount of taxable income by accelerating your deductions into 2023 and deferring income into 2024 (assuming you expect to be taxed at the same or a lower rate next year).

Tax 264
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Branding an Accounting Firm – Top Resources You’ll Need

CPA Practice

Are you considering your own firm (or rebranding due to a merger or acquisition)? Here are several branding questions to answer and resources you will need before opening the front door. Branding Questions Addressing these questions can help you create a strong, distinct brand for your firm, setting a solid foundation for growth and client engagement.

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Don’t Forget to Empty Out Your Flexible Spending Account

RogerRossmeisl

If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You may have to use the money in the account by year-end or you’ll lose it (unless your employer has a grace period). As the end of 2023 gets closer, here are some rules and reminders to keep in mind.

Account 202
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S Corp Medical Insurance in QuickBooks Desktop

Insightful Accountant

S Corp 'medical insurance' is a non-cash fringe benefit provided to shareholders owning 2% or more of the corporation.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Levels of Value: Why it Matters in a Business Valuation

RogerRossmeisl

A business may have more than one value, depending on the purpose of the business valuation and the characteristics of the ownership interest. Before an expert starts working on a business valuation, it’s important to discuss the appropriate level of value. Otherwise, confusion over levels of value may lead to miscommunication and misinformed business decisions.

CPA 130
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FUTURE FORWARD: Building a Multi-Entity Reporting Niche

Insightful Accountant

Did you know you can build a niche specialization in 'reporting'? You can even sub-specialize in multi-entity reporting if you have the right tool set. A recent study showed 64% of financial professionals are looking for better data analytics.

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