Explaining The Discriminant Function System
This is a continuation of the last post on one of the most frequently asked questions I receive. Will I get audited? In addition to the income level and other factors previously mentioned, the IRS uses a tool called the Discriminant Function System (DIF).
Read More
Worried About A Business Audit?
One of the top questions I receive is, “Will I be audited?” Working with a professional CPA firm can help you reduce some of your audit chances. Audits by the Internal Revenue Service in the United States don’t happen at random, and they aren’t evenly distributed across all taxpayers.
Read More
Virtual Accounting vs. Traditional Accounting: Making the Right Choice
In today’s fast-paced digital world, the way we conduct business is constantly evolving. This evolution extends to the world of accounting, where virtual accounting is gaining ground as a viable alternative to traditional accounting practices. But what exactly is virtual accounting, and how does it compare to the tried-and-true methods of traditional accounting? In this
Read More
Uncover Savings: Top 10 Tax Deductions You May Be Missing
Large Purchases, Tax Holidays, Adoption Credits & More… Navigating the complex world of tax deductions can be challenging, but understanding the tax benefits specific to your state can lead to substantial savings. You might be missing out on valuable tax deductions that could help you keep more of your hard-earned money. In this article, we’ll
Read More
Hire Us As Your CFO!
Acting As Your CFO… So You Can Grow Your Business CFOs (Chief Financial Officers) typically seek accountants’ expertise in various areas to help manage their company’s financial operations and make informed strategic decisions. We don’t just offer our expertise, we act as your CFO, allowing you to get back to the business of growing. Here are
Read More
