The 2 most outsourced functions are payroll and tax

As a business owner, it’s better that way.  The Chief Financial Officer (CFO) Network is the #1 LinkedIn Group for CFOs and I highly recommend joining for all things related to the financial administration of your company. In this case, I’m citing a brief article that recently appeared on the CFO Network that struck a chord […]

By |2014-06-03T23:11:12-05:00June 3rd, 2014|Uncategorized|

Outsourcing Accounting for Small Businesses

A small business owner must do everything.  As a business develops, more administrative items need to be done.  For a small business owner, these extra items can take away their focus from actually doing what their good at and ultimately making money.

The time spent doing these administrative tasks can be reduced by outsourcing certain tasks.  […]

By |2014-06-02T13:40:57-05:00June 2nd, 2014|Uncategorized|

Spotting tax opportunities:

Here’s what happened last week.

While processing accounting information via bill.com and xero, I noticed an unusually large assessed tangible property tax value. With a tangible tax equal to a years salary, I immediately recommended we challenge the assessed value.  I’m an experienced CPA, but this would easily have been missed if it were not for the cloud […]

By |2014-02-28T14:47:15-06:00February 28th, 2014|Uncategorized|

Meanwhile in England

UK accountants are turning to cloud technology in their droves. According to a recent Censuswide poll, the biggest motivating factors include the opportunity to cut internal overheads such as travel and data input costs, improve service and increase client satisfaction.

Rather than charging by the hour, these results show that accountants believe clients will judge their […]

By |2017-03-02T21:51:12-06:00February 17th, 2014|Uncategorized|

Reduced IT Cost is a Major Benefit of Cloud Accounting.

As I continue to work with clients and refine my processes to make my clients lives better and their accounting more efficient, one thing is for sure; reduced IT costs are a major soft cost benefit.  I recently visited a newly formed business and they showed me their server room.  I was surprised to find […]

By |2017-03-02T21:51:13-06:00January 31st, 2014|Uncategorized|

What is Cloud Accounting?

Our focus is always providing the best service and ultimate convenience for our clients. With cloud accounting, we can offer you even better service with “anytime, anywhere” accounting management. Through this service all of your financial functions can be performed with a simple Internet connection. You can manage accounts payable while on the road using […]

By |2017-03-02T21:51:14-06:00January 31st, 2014|Uncategorized|

Calculating the health care individual mandate penalty

By Debra M. Johnson, CPA, J.D., LL.M.
January 2014
The shared-responsibility payment by applicable individuals, better known as the “individual mandate” penalty for failure to have qualifying health insurance coverage, was at the heart of the litigation over the Patient Protection and Affordable Care Act of 2010, P.L. 111-148 (PPACA), that culminated in […]
By |2017-03-02T21:51:14-06:00January 21st, 2014|Uncategorized|

Keeping the IRS Happy.

Xero managing Director, Gary Turner,  explains how to take the pain out of tax returns by making bookkeeping software do most of the hard work.

With the year-end fast approaching, many small business owners and directors once again need to think about filing their individual returns to IRS.
While there’s no arguing they’re a necessary evil, doing […]

By |2017-03-02T21:51:15-06:00January 17th, 2014|Uncategorized|

Three Leading Tax Strategies for Higher Tax Bracket Taxpayers

Three Leading Tax Strategies for Higher Tax Bracket Taxpayers

PERSONAL FINANCIAL PLANNINBG

by Robert Keebler, CPA, MST, AEP 

Published December 01, 2013

Editor: Theodore J. Sarenski, CPA/PFS, CFP, AEP

 Dear Clients,

Here is a great article to familiarize yourself with the finer tax strategies available for higher bracket folks.

Three leading tax strategies for eliminating or reducing taxable income in […]

By |2013-12-29T10:08:38-06:00December 29th, 2013|Uncategorized|