[Springfield, MO – December 3, 2021] – Abacus CPAs, LLC is proud to announce that Dina Graves has been promoted to Senior Coordinator. Dina, who joined the firm in August 2015 as the Customer Service Associate in the Transportation Department, has been an essential leader in providing support and resolution for complex client needs, answering [...]
[Springfield, MO – December 3, 2021] – Abacus CPAs, LLC is proud to announce that Amy Murphy has been promoted to Consultant. Murphy, who joined the firm in August 2019, has been a valuable resource working with McDonald’s clients to complete their financials and compilations. in outsourced CFO services, QuickBooks and payroll. Amy Murphy brought [...]
[Springfield, MO – December 3, 2021] – Abacus CPAs, LLC is proud to announce that John Taylor has been promoted to Senior Consultant. John, who joined the firm in December 2015 as the Intern, transitioned into full time in 2017 as staff member in the Traditional Department, has been a valuable resource in technical preparation [...]
[Springfield, MO – December 3, 2021] – Abacus CPAs, LLC is proud to announce that Kasey Bippert has been promoted to Senior Consultant. Kasey, who joined the firm in June 2015 as an Analyst, has been a valuable resource in reviewing client financial statements, working with clients on forecasts and projections for future growth, and [...]
[Springfield, MO – December 3, 2021] – Abacus CPAs, LLC is proud to announce that Shuhan Gu has been promoted to Advisor. Gu, who joined the firm in February 2017, continues to evolve as a growth-minded leader and respected resource in tax planning, tax consulting services, and tax return review. Shuhan, who serves as the [...]
Sales tax laws have changed in recent years, and keeping up with the changes can be challenging for business owners. In the 2017 Wayfair case, the Supreme Court decided many changes in the ability for states to collect sales and use tax by redefining what would be considered taxable. The decision enables states to mandate that [...]
If you use your car only for business purposes, you may deduct its entire cost of ownership and operation (subject to limits discussed later). However, if you use the car for both business and personal purposes, you may deduct only the cost of its business use. You can generally figure the amount of your deductible car [...]
The de minimis safe harbor is simply an administrative convenience that generally allows you to elect to deduct small-dollar expenditures for the acquisition or production of property that otherwise must be capitalized under the general rules. De Minimus Safe Harbor allows you to immediately expense assets and certain repairs up to $2,500 (per asset/repair). If you [...]
Do you ever feel like there aren’t enough hours in the day to do everything that you want to do for your business? Do you ever feel so overwhelmed by the administrative tasks (the boring stuff) that it takes to run your business, that you don’t have time to do the things that made you want [...]
Property tax is a tax paid on real estate or other property types. It Is a kind of ad-valorem tax, which is based on the property's assessed value. And it is not only charged on your home, but also movable property like vehicles. So now you may realize the difference between real estate tax and property [...]
