The news said the PPP was effectively a grant. The Cares Act said the loan forgiveness would not be taxable. But the IRS is saying if you get the forgiveness,...
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By this time of year, you’re not even thinking about 2019 anymore. Most of you are probably thinking straight into 2021 (that’s how growing businesses work, right? We certainly do.) …
It’s January, which means it’s time to start thinking about tax season and what you need to do in preparation for it. If you worked with independent contractors or paid…
Two important things to know in regards to 1099 tax compliance: If your business worked with independent contractors this year, you’ll need to file 1099 forms. The 1099 tax deadlines…
Due to the dynamic nature of launching a new business, it can be challenging for a startup to keep up with all of the latest changes to the tax…
Many businesses miss out on a reduced tax bill because they don’t know what deductions or credits are available to them. We hate to see founders and business owners leave…
If you are starting a business, then you have faced this question: guaranteed payments or draws? If you have owner-operators and outside money (e.g., friends and family or angel investments),…
Paper checks. Do you even remember those? For many, the paper check is absolutely a thing of the past, thanks to automation. But for entrepreneurs (even the seriously tech-savvy ones)…
We are thrilled to announce our newest offering, research and development tax credits! We’ve teamed up with Clarus R+D to bring you technology-driven R&D studies which simplify and maximize these…
Now that tax season has come to a close, you’re probably ready to take a load off and relax, but don’t get too comfortable! Now is the ideal time to…
Fundamentally speaking, it might seem like nonprofit and for-profit businesses have nothing in common. After all, the main goal of a for-profit entity is to maximize profits for owners and…
It’s that time of year again: tax season. While it may seem like 2019 just got started, now is a good time to think about your personal and business taxes….
The R&D tax credit was established in the early 1980s as an incentive to stimulate growth in the US economy. But due to the fact it was an income tax…
Regardless of how much we earn, which politicians we support, or what type of music we like to listen to, the one thing that unites pretty much all Americans is…
Now that tax season’s here, it’s important to familiarize yourself with all the deductions that are available. While many deductions may apply to you, today we’d like to focus on…
We get this question a lot, so don’t worry if you don’t know the difference between a CFO and a CPA. Here’s what you need to know as a small…
The wait is almost over, and we will all soon figure out how the Tax Cuts and Jobs Act will impact us personally. There are plenty of changes to consider….
The new year is a great time to take a step back and assess your business. What did you accomplish in 2018? What are you trying to achieve in 2019?…
You may be familiar with Reddit’s “Ask Me Anything (AMA)” series. Here’s our version. First up — our COO and resident cryptocurrency expert, Matthew May. 1. What’s your favorite customer…
We know that we’ve had a lot of big updates coming your way recently. In August, we launched an entirely new brand and website. In October, we announced a new…
If you’re a chapter-based organization with the goal of growing your membership, you may not have a dedicated person for bookkeeping or accounting. But that doesn’t stop the questions about…
When cryptocurrency showed up, the accounting book flew out of the window. Not only did it make even basic accounting difficult, but with the very nature of cryptocurrency as a…
We want to help small business owners understand the new tax plan think of us as your small business tax advisors. So we’re partnering with Gusto to host an informational…
This post is part of Acuity’s Master Class Series, dedicated to shedding light on financial and other influential industry topics. Our goal is to provide a deeper understanding of the…
Uncle Sam Needs Your 1099 Tax Forms The New Year is almost upon us which means it’s time to get your annual payroll tax reports in order. Exciting stuff, right?…
This post is part of Acuity’s Master Class Series, dedicated to shedding light on financial and other influential industry topics. Our goal is to provide a deeper understanding to…
While we at Acuity are proud to consider ourselves financial experts, we know it takes more than strong books to run a great business. That’s why, each month, we team…
This post is part of Acuity’s Master Class Series, dedicated to shedding light on financial and other influential industry topics. Our goal is to provide a deeper understanding to the…
Join Acuity the third Thursday of every month for a FREE webinar designed to help you reach your financial goals in 2017 and beyond. While we are proud to consider…
Note: there is a lot of misinformation floating around the web regarding these changes. If you’re not talking to a trusted Acuity advisor, we recommend sticking to IRS.gov, SBA.gov or…
Note: If you yourself are an independent contractor, check out this recent post on the good, the bad and the ugly of this full-time employment alternative. Once upon a time,…
This post is part of Acuity’s Master Class Series, dedicated to shedding light on financial and other influential industry topics. Our goal is to provide a deeper understanding to the…
If you’re looking for more than your standard tax return, you may want to consider having a strategy for getting the best advisement on your tax questions. At the beginning…
We’re already four months into the 2016 tax year. April 18th has come and gone and it’s time to cleanup your books for next year (or if you’ve filed a…
We get it. Time flies. And if time has gotten away from you when it comes to filing your taxes, not to worry; you can file for a tax extension….
If it seems like you’re spending more and more time each year thinking about and filing taxes, you’re not alone. In fact, the majority of small business owners spend more…
Running a small business is no easy feat. On any given day, you can face some major challenges that can stunt your business growth. Whether it’s growing your revenue, hiring new…
While as a solopreneur your to-do list is never ending, we wanted to help you break down, in a step by step way, what you can do to save yourself…
For some, small business accounting can be a nightmare. Can you picture it now (or maybe you’re already there)? Lost sleep agonizing over what “counts” and what doesn’t, bad dreams…
Welcome to Tax Tuesdays! This week, Zack Leder, a Tax Partner with Bennett Thrasher, is providing us with deeper insight into the Qualified Investor Tax Credit, more commonly known as…
