Estimates vs. Actuals: Was Your 2018 Budget Reasonable?

By |2018-11-26T15:56:38-06:00November 21st, 2018|Categories: Accounting|

As the year winds down, business owners can be thankful for the gift of perspective (among other things, we hope). Assuming you created a budget for the calendar year, you should now be able to accurately assess that budget by comparing its estimates to actual results. Your objective is to determine whether your budget was reasonable, [...]

Tax Reform Expands Availability of Cash Accounting

By |2018-11-19T14:23:49-06:00November 19th, 2018|Categories: Accounting, Tax|

Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly eligible businesses should determine whether the cash method would be advantageous and if so, consider switching [...]

I Can’t Afford to Hire a CPA Firm. Now What?

By |2018-12-12T08:25:19-06:00November 8th, 2018|Categories: Accounting, Business|

When starting a new business, so many new business owners express that they have limited funds and limited time when it comes to their bookkeeping, HR, and payroll tasks. Business owners and Entrepreneurs wear so many different hats: marketing, producing, selling, and managing. You’re already at 12 hour days and then you have to find time [...]

Taking the Hybrid Approach to Cloud Computing

By |2018-11-12T10:43:27-06:00November 7th, 2018|Categories: Accounting|

For several years now, cloud computing has been touted as the perfect way for companies large and small to meet their software and data storage needs. But, when it comes to choosing and deploying a solution, one size doesn’t fit all. Many businesses have found it difficult to fully commit to the cloud for a variety [...]

CPA – Cant Pass Anytime?

By |2018-10-18T13:54:28-05:00August 20th, 2016|Categories: Accounting|

Abacus CPAs, LLC takes pride in our lifetime learners who have achieved the feat of passing the CPA exam. Taking tax and accounting to the next level, being a CPA gives you an extra level of distinction. However, those CPA letters behind one’s name are do not come easily. For students in many disciplines, graduation is [...]

Why engage a CPA in your divorce

By |2018-10-18T13:53:57-05:00August 10th, 2016|Categories: Accounting, Consulting|

Why consider engaging a CPA in divorce matters?  A CPA can provide forensic and/or tax services concerning the identification and division of marital property.  While the divorce may be amicable, it can still involve financial matters that can be complex and an accountant can provide valuable support to divorcing individuals and their attorneys in achieving a [...]

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