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Onsite / Outsourced bookkeeping in Madison WI

Onsite / Outsourced bookkeeping in Madison WI

As a small business, one of the biggest challenges you face is maintaining the essence of who you are, and how you serve your community, while also staying competitive as an employer and keeping up on the endless stream of bookkeeping, accounting and tax related...

Why Did the IRS Reject My Tax Return?

Why Did the IRS Reject My Tax Return?

The IRS may reject your tax return for many reasons, and while it can be a scary situation, it is often something that can be easily resolved. Today we will cover a few of the major reasons why your return may be rejected, how you will be notified, what you should do, and steps to prevent this situation from happening in the future.  

Top 5 Benefits of Outsourcing Your Bookkeeping

Top 5 Benefits of Outsourcing Your Bookkeeping

Invoicing, paying bills, bank reconciliations, credit card reconciliations…bookkeeping. This data takes time to collect, process, and balance each month—time that could be spent on projects and tasks that move the needle in your business. Many may choose to keep bookkeeping in-house, taking money that could be spent on employees that would ultimately further the company’s mission.  

Tax Credit Updates: Save More on Green Home Improvements under the Inflation Reduction Act

Tax Credit Updates: Save More on Green Home Improvements under the Inflation Reduction Act

On August 16, 2022, President Biden signed into law the Inflation Reduction Act (IRA), which expanded and extended two nonrefundable tax credits meant to encourage individuals to invest in energy efficiency improvements or clean energy in their homes. The IRA also proposes to lower energy costs, increase cleaner production, and reduce carbon emissions by approximately 40% by 2030. Today, we’re breaking down these two tax credits, how they are changing, and how they will affect you as a homeowner in 2023 and beyond.  

The Student Debt Relief Plan and Your Taxes

The Student Debt Relief Plan and Your Taxes

President Biden, Vice President Harris, and the U.S. Department of Education developed a three-part plan to help federal student loan borrowers transition back to making regular payments post-pandemic. As a part of this plan, the Administration introduced the Biden-Harris Student Debt Relief Plan in August, which would forgive a certain dollar amount of student loan debt for qualifying borrowers. There have been several updates to the plan since its introduction, which we will share with you today. 

End of Summer Business Check-Up

End of Summer Business Check-Up

As the leaves begin to change and our focus shifts to Q4 goals, now is the perfect time to take a closer look at your business. Performing an end-of-summer business check-up can provide important insights into what you may want to change before the end of the year, or how to prepare for 2023.  

When reviewing the areas of your business that can determine its overall health, there are a few places you can dig deeper.

Client Feature: Rejuvenation Spa

Client Feature: Rejuvenation Spa

When you step into Rejuvenation Spa, expect a retreat for relaxation and total wellness. As an Aveda Lifestyle salon, each treatment offered is held to a high standard using Aveda treatments and products, focusing on the client’s needs.  
Rejuvenation Spa came to be when long-time stylist Tina Morshauser stepped out from behind the chair and into life as an entrepreneur in 1998 after years of training that began when she was in high school. She purchased Yellowstone Day Spa and operated as the only stylist among a spa and support staff of 7 until her business partner, Gretchen Brown, joined her in 2000.  
Over the past two years, Morshauser and Brown have expanded the salon, adding an additional location in Sun Prairie, and have a team of 42 between their Madison and Sun Prairie locations. Brown noted that Rejuvenation Spa is a team-based pay salon, which includes a profit share when monthly goals are met.  
The spa has partnered with Green Circle, which aligns with the spa’s mission to be environmentally conscious in all they do. “Through Green Circle, we can recycle almost all that we use in the process of doing services. We have added a $1.50 environmental service fee to each service in order to help pay for the service,” Brown said. “We recycle ALL plastic, metal color tubes and aluminum foil used in highlighting services, all waxing waste (paper, sticks, etc.), and the hair that is left over after a cut is collected and sent to become oil booms (to soak up oil spills) or made into plastic bins that we use to collect everything that we recycle. We also recycle all paper and cardboard as well as broken tools, mannequin heads, light bulbs, and batteries through Green Circle.” 
The spa offers massages; facials; waxing services; manicures and pedicures; and hair services, including cuts, colors/highlights, perms, and smoothing services. The spa continues to grow and has multiple positions available. Brown said she is proud of Rejuvenation Spa’s team culture and loves to guide and train new staff as they grow in the industry. 
Morshauser began working with Dale and the DMA team in 2001 and utilizes the team for monthly bookwork and payroll. “It is such a relief to be in capable hands,” said Brown. “Whenever I have a question, they are quick to respond and have offered us great advice through the years and especially during the shutdown of 2020 and the financial aftermath of that. I recommend DMA all the time!”