Login 
I don't get billed for unheard of expenses. Fixed monthly fee accounting eliminates my worry of surprise billing. 
Hot Topics Blog
Our member accountants, tax specialists and practitioners are always looking for new ways to share their knowledge and help clients better understand the sometimes confusing world of small business finance.
Beware of Scammers Preying on Your Generous N...
Beware of Scammers Preying on Your Generous Nature The IRS and numerous other nonprofit agencies are warning Americans to be weary of scammers trying to take advantage of their generosity after major catastrophes like Hurricanes Florence and Michael. “We applaud our client’s desires to want to help in times of crisis,” says Steven Feinberg, CPA and owner of Appletree Business ...More
Excise Tax Basics for Tax-Exempt Highly Compe...
Due to the Tax Cut and Jobs Act of 2017, many changes to employment taxes and income taxes were made. One of the lesser talked about, but still having a large impact is the excise tax on tax-exempt organizations for their highly compensated ‘covered employees.’ Excise Tax Basics An excise tax of 21 percent is imposed on the remuneration (other than excess parachute payment) paid ...More
Donating to Charity: Quick Tips for Safe Givi...
After setting up and successfully running your own small business, it’s an empowering and fulfilling thing to know you can give back to your community or really support a cause in which you believe. In addition to giving back to the community, you can also take advantage of tax deductions for your charitable contributions during tax season. However you choose to give as a small business, you shou...More
Getting Your Small Business Year-End Reportin...
It is not uncommon for small businesses to put aspects of their accounting on the backburner, until the end of the year rears its head. At this time, businesses begin to feel the squeeze for having - all their financial papers and bookkeeping in order. On top of all that, as an employer, you also have the responsibility for preparing and distributing required federal forms such ...More
Buiness Structure Pro and Cons
Hang a shingle outside your back door and you're in business, right? Well, maybe, but knowing your responsibilities as a business owner is truly another beast entirely. Your business structure defines the legal status of your business. Each business structure comes with its own advantages and disadvantages as well as consequences for tax. It is important that you choose the arrangement that is best for both ...More
IRS Belatedly Announces Increase to 2019 FSA ...
The Internal Revenue Service (IRS) announced a cost of living increase to the flexible spending account maximum amounts to $2,700 for FSA for the 2019 plan year beginning on January 1, 2019. The new maximum of $2,700 is up $50 from $2,650 in 2018. The maximum also applies to the limited purpose FSA, which can be used for dental and vision expenses until the medical plan deduct...More
IRS Clarifies Procedure for Annual Filers to ...
The IRS issued guidance for small business annual tax filers that want to claim a research credit against their payroll tax liability. The IRS stated that computing the tax credit for annual employment tax filers if the income tax return electing the credit is filed during the first three quarters of the calendar year because the informati...More
Small Business Budget Savvy
As a small business owner, you know how imperative it is for your business to save money. Entrepreneurs need to be nimble, resourceful, and creative to keep the business robust enough to survive the ever-changing tides of a changing global economy. With gross receipts of less than $1 million annually, small businesses often live with very tight margins, cash flow fluctuations and more dramatic ebbs ...More
Distinguishing between Independent Contractor...
Employers have several tax obligations related to their employees. They are expected to withhold income taxes and social security and Medicare taxes from their employees’ pay in addition to paying unemployment tax on their wages. On the other hand, employers have no tax obligations on payments they make to independent contractors. Whether or not you use ...More
Choosing Accounting Software for your Small B...
There are many different types of accounting software available for small businesses such as industry leader, QuickBooks, and online resources like Freshbooks, GoDaddy Bookkeeping, and Xero all enable small businesses to keep track of expenses, accounts receivable, bank reconciliation, checkbook registers and even create profit and loss statements. Deciding which software is right for your growing...More
