By: Rick Fields, CPA As senior partner for Associates in Accounting, CPAs, one of the “fun” parts of my job is the planning we do for our business clients. A business that is well structured…
This is a common question from many people that I meet throughout the year. Being a partner in Associates in Accounting, CPAs you would think that the answer would always be “Yes”, right? Not so…
Some areas the firm analyzes during year-end planning include equipment and property depreciation, interest expenses, employee benefits, retirement plan contributions, charitable donations, and carryover losses from prior years. Taking the time to evaluate all eligible…
Important Announcement for All Business Owners with Employees Congress passed a COVID relief provision in the CARES act last Spring that allowed companies with employees to gain a credit for every employee retained starting with…
Congress passed the $1.9 Trillion COVID Relief Package (CRP) on Wednesday, March 10. The President signed the bill later in the week. This bill has been tagged as COVID relief, but it is so much…
In a previous article I wrote about the tax structure efficiency that can come from the proper entity structure. The majority of companies don’t address this well, simply setting their structure in place and never reviewing…
Most construction contractors have been exposed to the topic of asset protection at some point during the existence of the companies they own. For many of you, you were probably advised to organize and form…
We’ve all heard that overused saying – cash is everything in a business, so the theory goes. By and large that is correct – without cash, a business grinds to a slow, painful death. The…
After the tax deadline we can all breathe a sigh of relief, but you may still have some lingering questions about the status of your refund. We have no control over when government agencies issue…
January rolls around, the holidays are over, and then it hits you – it’s almost tax time. This may cause nausea, sweat, and anxiety for some, but it does not have to for you! While…