Accounting Tips

4 05, 2020

IRS Guidance for Accounting for PPP Loans

By |2020-05-13T21:59:12+00:00May 4th, 2020|Accounting Tips, COVID-19, Sousa & Weber News, Tax and Auditing|Comments Off on IRS Guidance for Accounting for PPP Loans

The IRS has issued new guidance related to the accounting for PPP loans in Notice 2020-32.  The IRS’ position is that while loan forgiveness is excluded from gross income, the expenses that resulted in qualification [...]

8 10, 2019

Understanding Financial Statements

By |2019-10-08T23:46:23+00:00October 8th, 2019|Accounting Tips, Business Consulting, Small Business|Comments Off on Understanding Financial Statements

As a business owner, you want to build the best foundation for success. Whether that means acquiring a loan, bringing on investors and raising capital, or understanding the financial dashboard of your business, it’s critical [...]

8 09, 2019

What’s the difference between a CPA and a CFP?

By |2019-09-09T22:06:30+00:00September 8th, 2019|Accounting Tips, Individual Income Taxes|Comments Off on What’s the difference between a CPA and a CFP?

“How much do I need to save for retirement?” “Do I need to invest money in a 529 plan to save for college?” These are examples of the types of questions that we are often [...]

28 02, 2019

Why Outsource Your Accounting Manager or Controller?

By |2019-04-08T14:17:16+00:00February 28th, 2019|Accounting Tips, Small Business|Comments Off on Why Outsource Your Accounting Manager or Controller?

More and more businesses are turning to outsourced accounting controllers to manage their company finances. Every company's needs are different, but there are a myriad of reasons to outsource your financials to a remote accounting [...]

13 12, 2016

What Small Businesses Need to Know About Nexus

By |2016-12-13T19:05:37+00:00December 13th, 2016|Accounting Tips, Small Business|Comments Off on What Small Businesses Need to Know About Nexus

We get all kinds of questions about nexus and thought we would shed some light on exactly what small businesses need to know about nexus. The basics – What is Nexus? When a company has people [...]

17 11, 2016

Stop Bookkeeping and Watch Your Business Grow

By |2017-11-28T23:03:07+00:00November 17th, 2016|Accounting Tips, Grow Your Business, Small Business|Comments Off on Stop Bookkeeping and Watch Your Business Grow

No one is more invested or cares more about a company’s success than its owner. Entrepreneurs understand their company’s intricacies better than any employee ever could, and they often take on every key role in [...]

27 06, 2016

Bookkeeper vs Accountant: What’s the difference?

By |2016-08-25T13:43:50+00:00June 27th, 2016|Accounting Tips|Comments Off on Bookkeeper vs Accountant: What’s the difference?

Often, the terms "bookkeeper" and "accountant" are thrown around interchang eably, and while both positions do share common goals, the two roles are actually quite different. Understanding these distinctions is a critical part of making [...]

23 05, 2016

Real Estate Professional Status Designation

By |2016-08-25T14:47:22+00:00May 23rd, 2016|Accounting Tips|Comments Off on Real Estate Professional Status Designation

Have you been considering adding real estate to your investment portfolio? You've probably heard about the benefits of owning income properties: you can get a stream of consistent income from rents, plus a potentially big [...]

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