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What COVID-19 means for your IRS Payments

By |2020-09-04T12:48:22-05:00September 4th, 2020|Categories: Accounting, Business, Tax|Tags: , , , , , |

You know when you go on vacation or are over the road for extended periods, and you come home, and the mailbox is SO full you can barely open it. Well, with the global pandemic going on with COVID -19, the IRS has tons of mail. No, they weren’t on vacation, but due to the pandemic, [...]

Better Guidance for Business Building Depreciation Benefits

By |2020-08-28T09:17:24-05:00August 28th, 2020|Categories: Accounting, Business, Consulting, Growth, Tax|Tags: , , , |

Got assets and need cash? As a Senior Analyst for Abacus CPAs, I have seen this all too often. Business owners, like you, get the short end of the deal. You spend a ton of money to build, buy, and add on to facilities for your business and at the end of the year, you still [...]

When Should I Pay Estimated Taxes?

By |2020-08-21T08:25:53-05:00August 21st, 2020|Categories: Accounting, Business, Consulting, Growth, Tax|Tags: , , , , , , , , |

You might be surprised to know it, but taxes are not only due April 15th.  The IRS wants taxpayers to send in money throughout the year to keep the government running.  Most people have their taxes sent in by their employers through deductions straight from their paychecks.  But for those who have income from outside of [...]

When to hire a Controller or CFO

By |2020-08-07T09:03:20-05:00July 31st, 2020|Categories: Accounting, Business, Consulting, Growth, Leadership, Tax, Values|Tags: , , , , , , , , |

As a small business grows from a single person sole proprietorship to a multi-national corporation, the needs of the company will grow and change.  In the beginning of the company’s life cycle, growth is driven by the vision and talent of a small group of people, either the owner or an inner circle of similar-minded individuals.  [...]

Understanding Real Estate Investments & Taxes

By |2020-07-21T14:04:16-05:00July 10th, 2020|Categories: Accounting, Business, Consulting, Tax|Tags: , , , , , , |

Investing in real estate has been a common way to make money throughout history. In today’s world, real estate investments, in the form of flipping houses or holding property long-term, are especially popular. Programs like Fixer Upper and House Hunters show the profits that are available to those who are willing to take the risk of [...]

Why You Should Outsource Your Payroll

By |2020-09-07T07:15:19-05:00March 28th, 2019|Categories: Accounting, Business|

Any business owner knows that being efficient is very important to the success of the business. Saving time on things that can be done by someone else is a crucial component of efficiency. By outsourcing payroll, companies can spare the time and headache of finishing it and making sure to pay their employees on time. When [...]

Internal Control for Small Businesses

By |2019-01-10T09:26:03-06:00January 10th, 2019|Categories: Accounting, Business|

As a business owner, how much confidence do you have on your financial reports’ numbers? Does the net income represent a successful business operation? Alternatively, does the net loss indeed expose all the weaknesses of your business? Are you sure the amount of inventory sitting in your warehouse is the number showing in the balance sheet? [...]

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