There's a lot of buzz out there about the tax reform. Overall, from what we've seen, it's going to benefit most all of our clients. We've done some 'high-level' calculations and have noted significant drops in tax liabilities across the board. However, you, like...
Many businesses combine the cash basis and accrual basis accounting methods. Many businesses report taxes on the cash basis but leverage the tracking and reporting capabilities of the accrual basis. These owners often monitor their business...
Adequate and appropriate recordkeeping is essential for any business and non-profit organization. As an accountant, I am frequently asked these questions about recordkeeping: What records do I need if I were audited by the IRS? Why do I need to keep evidence...
