Why Does My Business Need Internal Controls?

Why Does My Business Need Internal Controls?

Your business may need internal controls. Internal controls are the policies and procedures a business takes to safeguard its assets. A key to running a profitable business is to make sure that the assets, especially cash, are protected. Assets are the lifeblood of...
Taking the Home Office Deduction

Taking the Home Office Deduction

Taking the home office deduction can be complex and vary between individual small businesses. For more information on whether you should take the home office deduction, please consult with your licensed CPA. Many small businesses are based at home. There are numerous...
What to Know about the CARES Act August 2020

What to Know about the CARES Act August 2020

On March 25, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. A summary of the provisions of the law can be found here. Updates to the CARES Act in Summer 2020 On June 5, 2020, the Paycheck Protection Program Flexibility Act of...
How Do I Select a Tax Preparer?

How Do I Select a Tax Preparer?

Every year, as April 15th rolls around, there is a flurry of activity as most Americans seek to file their tax returns. There are many ways to get all those forms filled out and sent off to the Internal Revenue Service (IRS). You could do it yourself by filling in the...