Category Archives: CPA & Business Advisory

C Corp or S Corp: Which is Best for Your Company?

Posted on Wednesday, September 20, 2017 by

Do you understand the advantages and disadvantages of filing your taxes as a C corporation versus an S corporation? It may be worth your time to consider the differences and to determine which is best for you and your business.

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IRS Offers Penalty Relief in Wake of Recent Hurricanes

Posted on Tuesday, September 19, 2017 by

In the aftermath of a hurricane, most people focus on the devastation and subsequent relief efforts to clean up the mess and get back to normal. However, there are still IRS deadlines looming in the distance that might be overlooked.

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4 Financial Statement Hurdles for Startups—and Tips for Overcoming Them

Posted on Tuesday, September 19, 2017 by

For a business owner at an early-stage startup looking for an outside investor, maintaining a sound set of financial statements is not only key to securing capital but is important for assessing the health of your business.

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Bitcoin Regulation Update – Regulators Introduce Cryptocurrency Tax Fairness Act

Posted on Friday, September 8, 2017 by

As the worldwide cryptocurrency and digital payment system continues to rise in price, lawmakers have recently moved to regulate the cryptocurrency space. If you interact with bitcoin to any extent, this could impact you.

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Benchmarking – 5 Strategies to Help You Keep Score Against Yourself and the Competition

Posted on Thursday, September 7, 2017 by

Few manufacturing and distribution businesses really execute proper benchmarking – internal or external – despite its many benefits.

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Be Aware of the Tax Implications of Sending Employees Abroad

Posted on Thursday, September 7, 2017 by

Sending employees abroad may help businesses compete but it might also come with some unexpected tax consequences.

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Bitcoin Traders Are Now in the IRS Crosshairs

Posted on Wednesday, September 6, 2017 by

IRS “hunting season” has begun, and bitcoin traders are big game for IRS agents.

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Predictive Metrics – The Cleveland Browns Use Them, and Your Business Should, Too

Posted on Tuesday, September 5, 2017 by

If you’re a Browns fan, you should take comfort in knowing that your beloved franchise has embraced a business tool – aka, analytics – that many successful businesses have used to their advantage for decades.

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New Tax Court Ruling Shines Favorably on Foreign-Owned LLCs and Partnerships

Posted on Wednesday, August 30, 2017 by

Recent Tax Court rulings will make it possible for investors in lower tax jurisdictions to save significant tax by not subjecting the gain on the sale of the investment to U.S. taxation.

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IRS Compliance for 2017 ACA Coverage is Needed Despite Earlier Executive Order

Posted on Wednesday, August 30, 2017 by

In January, President Trump signed an executive order regarding the Affordable Care Act. Many employers hoped that this executive order, along with significant anti-ACA sentiment in Congress, would result in the ACA being repealed. As of today, that has not happened.

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