Client Feature: Sparkle Auto Body
“Quality work ensures that every car goes back to its owner better than when it came to us.” – Mark Quelle, Owner In a world full of franchises and corporate entities, it can be tough for a ‘Mom and Pop’ small business to keep up. Yet, that is not the case...
Beneficial Ownership Information & What You Need to Know
At the beginning of 2024, the U.S. Government started requiring U.S. companies and many small businesses to file Beneficial Ownership Information (BOI). In this blog post, we detail the following BOI information, so you know where you and your company stand: What is...
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...
4 Ways your Small Business Can Prepare for Tax Season (and possibly save some money)
Do you ever feel like life is passing you by before you even realize it? Somehow, we’ve already made it to the last quarter of the year. Fall colors are in full bloom, temperatures are beginning to change (albeit slowly for some of us!), friends and family are...
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
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
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.
End of Year Tax Wrap-Up: 4 Tips to Prepare for the New Year
Before you log off for the year, there are a few things to do as a small business owner to button up 2022 and prepare for your tax filing. Crossing these items off your list will bring peace of mind and give you more time to focus on those 2023 goals as soon as the ball drops.
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
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.
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