Small Business

25 09, 2020

COVID Intensifies Wayfair Ruling Impact

By |2020-10-05T18:25:28+00:00September 25th, 2020|COVID-19, Small Business, Tax and Auditing|Comments Off on COVID Intensifies Wayfair Ruling Impact

State tax collections have nosedived as much as 50 percent in the fallout of the coronavirus pandemic. All states, without question, will face significant fiscal challenges as a result of the COVID-19 pandemic. However, as [...]

8 06, 2020

Paycheck Protection Program Flexibility Act of 2020 – HR 1070

By |2020-06-08T19:21:28+00:00June 8th, 2020|COVID-19, Small Business, Sousa & Weber News|Comments Off on Paycheck Protection Program Flexibility Act of 2020 – HR 1070

The Paycheck Protection Program Flexibility Act (HR 7010) was signed into law on June 5, 2020.  We thought it would be helpful to share what we have gleaned from the bill so that you can [...]

14 12, 2019

Preparing to Sell a Small Business

By |2019-12-30T23:36:12+00:00December 14th, 2019|Business Consulting, Small Business|Comments Off on Preparing to Sell a Small Business

Selling your small business can be financially and personally rewarding. However, selling a business is an intricate undertaking. Many business owners are not familiar with the complexity and possible tax implications of a sale. Preparation [...]

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 [...]

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 [...]

15 10, 2018

2018 Tax Depreciation Changes

By |2018-10-15T14:17:20+00:00October 15th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on 2018 Tax Depreciation Changes

Even before the new tax Act was passed in late 2017, depreciation in the Federal Tax Code had undergone a number of changes. Before the turn of the century, after making an improvement to a [...]

28 09, 2018

Moving Expenses & Other Benefits Under the 2018 Federal Tax Code

By |2018-10-01T15:15:16+00:00September 28th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on Moving Expenses & Other Benefits Under the 2018 Federal Tax Code

The Tax Cuts and Jobs Act included a number of changes to the previous tax code, particularly in relation to employee benefits. Beginning January 1, 2018, several changes in the taxability and deductibility of employee [...]

15 03, 2018

Deductibility of Entertainment Expenses Under Tax Reform

By |2018-03-15T21:50:41+00:00March 15th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on Deductibility of Entertainment Expenses Under Tax Reform

Deductibility of Entertainment Expenses Under Tax Reform The new Tax Reform Act enacted under President Donald Trump makes significant changes to the rules and limitations to the deductibility of entertainment and meal expenses for businesses. [...]

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 [...]

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