Can Your Small Business Deduct Charitable Donations?

Knowing what you can and can’t deduct from your taxes will help you save money, and it will give you a better idea of your business’s financial portfolio. Donating to charity is a selfless deed that helps the community, and sometimes you can deduct your donations. Keep reading to see if your small business can […]

Why Should You Convert to QuickBooks Online?

If you run a business, you need to be concerned with bookkeeping in Tucson. QuickBooks helps you keep track of your finances so you can keep your business on track. It’s an excellent solution for small businesses, especially those who need on-premises or cloud based accounting. Here’s a brief overview of why you should convert […]

Stay Ahead of Changing Tax Requirements for 2017

There have been some recent changes to filing deadlines and requirements that we want to share with our clients and colleagues. Federal Changes Starting in 2017, the IRS has published new accelerated deadlines for filing W-2s and 1099s as an attempt to reduce identity theft and fraudulent refund claims. 2016 Form W-2, W-3 and 1099s […]

Choosing a Payroll Service for Your Small Business

Paying employees is about more than keeping track of hours and cutting a few paychecks. For this reason, small business owners often find the payroll process quite overwhelming. Whether a business has one employee or dozens, working with an outside payroll service can help business owners learn how to compensate employees, regulate business deductions, and […]

Correcting Accounting Journal Entries

Tucson accountants use journal entries for adjusting the balances of ledger accounts in order to recognize accruals, liabilities, and other expenses. If the entry is incorrect, an accountant needs to correct the mistake to maintain the integrity of the ledger and the financial reports. Understanding which approach to take when correcting a ledger is crucial, […]

Avoiding Common Tax Mistakes Among Small Businesses

For every small business, nearly every aspect of the company has potential tax ramifications. This doesn’t mean that small business owners should worry, but they should plan ahead and get as organized as possible. This includes learning how to avoid the most common tax mistakes among small businesses. Doing taxes on your own If you’re […]

Getting Organized for the Tax Year

Even if your business’s taxes aren’t very complicated, you still need to gather all of the information the IRS requires. If you prepare ahead of time, you will be able to submit your forms faster and ensure accurate reporting. Here are some simple steps you can take to prepare your Tucson small business for tax […]

What You Need when Filing a Tax Return

As the U.S. tax deadline approaches, individuals and businesses alike are preparing to file their tax returns. Knowing which documents are necessary when preparing your tax return with your accountant can make this process a smooth and easy one. Whether you are an individual or a business owner preparing your taxes this year in Tucson, […]

Tax Preparation FAQs

Accurate tax preparation ensures you will avoid mistakes that could cost you time and money, while also allowing the government to process any refund you are owed more quickly. If you have questions about tax preparation or filing, your Tucson accountant will be happy to provide you with the personalized answers you need. How Long […]

What to Look for in a Payroll Service

Employees and tax agencies expect to be paid timely and accurately, so it’s important to find quality payroll services for your small business. As the IRS continues to update and change employment tax regulations, it can be difficult for your small or mid-size business to keep up with these regulations on its own. A great […]