INSIGHT

What You Need to Know About Multi-State Income Taxation

Filing state income tax returns is usually uncomplicated if you live and work in the same state during the entire calendar year, and have no income sourced from a state other than the state in [...]

By |2020-01-31T22:19:10+00:00January 29th, 2020|Corporate Tax, Individual Income Taxes, Tax and Auditing|Comments Off on What You Need to Know About Multi-State Income Taxation

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 [...]

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

Becoming DCAA Compliant

The federal government is committed to supporting businesses by taking steps to ensure that government contracts are awarded to companies of all sizes. A critical part of government contracting is making sure your business accounting [...]

By |2019-10-31T14:12:24+00:00October 31st, 2019|Business Consulting, DCAA Accounting, Tax and Auditing, Tax Compliance|Comments Off on Becoming DCAA Compliant

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 [...]

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

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 [...]

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?

Conversion from a C Corp to an LLC

While a conversion from a C Corp to LLC status can have a high tax cost, in some cases, such a conversion can be beneficial. Why convert? Converting from a C corporation to an LLC [...]

By |2019-06-18T01:52:39+00:00June 18th, 2019|Corporate Tax, Corporations, Grow Your Business|Comments Off on Conversion from a C Corp to an LLC

Implications of the “Wayfair Decision” on out-of-state internet retailers

On June 21, 2018, in a 5-4 ruling that overturned the 1992 decision of Quill v. North Dakota, the United States Supreme Court ruled in favor of South Dakota, proclaiming that states can legally mandate [...]

By |2019-05-30T17:22:53+00:00May 30th, 2019|Legal Issues|Comments Off on Implications of the “Wayfair Decision” on out-of-state internet retailers

A&D Accounting: Six Ways an Experienced CPA Can Help Aerospace and Defense Contractors

When it comes to bookkeeping and accounting, aerospace and defense contractors face a unique set of challenges. In order to be successful in the industry, it's crucial to have a thorough understanding of the requirements [...]

By |2019-04-08T14:38:15+00:00April 8th, 2019|DCAA Accounting|Comments Off on A&D Accounting: Six Ways an Experienced CPA Can Help Aerospace and Defense Contractors

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 [...]

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