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Company: Gutta, Sharfi, & Co. CPAs, Inc./Accounting Advantage Name: Asif Sharfi URL: http://www.guttasharfi.com Phone: 954-452-8813 Address: 490 Sawgrass Corp. Pkwy., #310, Sunrise ,FL 33325
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We know that small business owners have many tasks on their to-do list each day. Finding the time to accomplish it all is an even greater challenge.

The Small Business Toolkit is a free knowledgebase to help you quickly find answers to your most common accounting, payroll and tax questions and guide you toward local resources, accountants, tax professionals and other practitioners that can save you time and increase profitability.

To learn more, simply view our FAQ, blog posts and articles by our member accountants or our quick accounting glossary [link to glossary]. If you don’t find the answer to your question here, just click on the Find an Accountant box located at the top of each page. At the click of a mouse, you’ll find a listing of experienced accountants near your small business.

QuickPay Program

Published on : Feb 24 2013


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Trust Fund Recovery Penalty

Published on : Dec 06 2012

Passed as part of Congress' attempt to encourage prompt payment of withheld income and employment taxes, including social security, railroad retirement taxes and collected excise taxes, The Trust Fund Recovery Penalty (TFRP) outlines the parties responsible as well as the potential penalties for misuse or misrepresentation of these funds.  Called the Trust Fund because employers actually withhold funds from their employees "in trust" for the federal government.

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What is GAAP?

Published on : Nov 19 2012

Known by business and accounting circles, Generally Accepted Accounting Prinicipals (GAAP) is the common term for a uniform set of standards and principles used in business and personal accounting. These standards, originated in 1973, are set by policy boards, the federal government and other oversight bodies in order to streamline information and ensure that there is a basic minimum standard for how financial information is collected and reported.  GAAP covers such business areas as

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Choosing Accounting Software for a Small Business

Published on : Jun 04 2012

Many people today choose to start their own business, in part due to the economy. Americans have always excelled at starting new businesses and recreating industries completely. There are thousands of opportunities out there for someone who's willing to invest a bit of time and money into the right idea.

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Outsourcing Payroll for Your Small Business

Published on : May 21 2012

Many small business owners find themselves overwhelmed by all the tasks that need to be done in order for operations to run smoothly. At times it may be necessary to outsource certain areas of the business to professional agencies, to both relieve stress and cost. One such aspect is payroll, a task that needs to be tended to with the utmost care and detail. Using a professional company to process payroll can reduce the chance of error, ensure the job is done in a timely manner and also help avoid IRS penalties.

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