by Estess CPA | Jan 15, 2020 | Hot Topics, Small Business Accountant
The IRS audit–it’s not a joke, even though many jokes have been made about audits and auditors. An IRS audit is simply a review or examination of an organization’s financial information to verify that the information is recorded correctly, and the reported...
by Estess CPA | Dec 30, 2019 | Hot Topics
As it has been stated broadly, the Tax Cut and Jobs Act of 2017 (TCJA) was the largest overhaul of the U.S. tax code in more than 30 years, changing many deductions and adding some complexity to the treatment of business meals and entertainment expenses. Due to this...
by Estess CPA | Dec 14, 2019 | Hot Topics, Small Business Accountant
With so many things to know and so much to do as a small business owner, it may be tempting to minimize the challenges of accounting and say, “oh, I can do it myself.” However, hiring the right small business accountant can save you a lot of time and...
by Estess CPA | Oct 23, 2019 | Hot Topics
You’ve probably heard this statement written by Benjamin Franklin in 1789: “In this world, nothing can be said to be certain, except death and taxes.” Well, even taxes aren’t totally certain because Congress changes the tax code periodically....
by Estess CPA | Mar 15, 2019 | Hot Topics
Here’s the tough news. Among the top reasons for today’s business failures are misunderstanding and mismanaging resources, and having insufficient cash. Enter the balance sheet. What’s a Balance Sheet? A Balance Sheet is one of three critical...
by Estess CPA | Sep 13, 2017 | Hot Topics
Closing a business is never an easy decision, but the speed in which it can occur depends on your tactics. If you are a sole proprietor, you could close up shop without consulting any other parties. That’s not necessarily the wisest move, especially if you value...
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