Accounting
How to Understand Reasonable Compensation for S-Corporation Shareholders
Shareholder employees in a corporation must receive reasonable compensation according to the IRS. This means that their compensation can be adjusted if it is too high or too low. While there is no firm set of rules to measure the reasonableness of compensation, there are some regulations in place to ensure that these shareholders get the fairest compensation possible. There are many factors tha...
3 Reasons To Choose An Accountant With Experience In The Skilled Trades
Every small business deserves a dedicated accountant, to manage their book keeping and make sure things are running smoothly, but some industries come with additional aspects that should be kept in mind. When you are looking for a qualified CPA to bring on board, it’s a great idea to look for someone who has specialized experience in your field. This will make communication easier, as well as s...
In The Skilled Trades? Here’s Why You Need A CPA
If you have a career in the skilled trades, you’re no stranger to hard work. You use your tools, your hands, and your know-how to get the job done, sometimes working 12-hour days or scrambling to make tight deadlines. Often times, tradespeople, construction workers, and contractors have to juggle a lot of tasks, clients, and paperwork to keep things running smoothly; either putting in more hour...
Breaking Up With A Client
When it comes to small business accounting, something to consider besides your books is your clients. It is not only your tax service, your vendors, or your marketing agency that needs periodic evaluation. Just as often, it is your clients. Yes, the customer is always right, but what if they’re not? Signs that your client is not right for your business include not only the obvious: they ...
Famous and Notorious Accountants
Many people of note started out as accountants. Your CPA in Fort Collins just might end up on the glittering stage crooning to adoring fans, or signing books once they publish their first bestselling novel. Many fictional characters have also been accountants. Skyler White of Breaking Bad was a practitioner of business bookkeeping, but with her husband’s role as a major drug dealer, her s...
Your Accountant’s Guide to Debt Relief
The majority of us are debt holders. We have mortgages, car payments, student loans, and usually even payment plans for medical bills or other debts. Many of us have to make quarterly tax payments. Certified public accountants see this all the time. A client comes in, seeking advice on how to get out from under debt that has become overwhelming. Your CPA in Fort Collins will offer you some soun...
The Benefits Of Using A Firm For Your Payroll
One of the most demanding, difficult, and time consuming aspects of bookkeeping services is payroll accounting. This is true regardless of company size. No matter how many employees, contractor workers, or other personal you pay in any form for any service for your business, the amount of paperwork is the same. Government regulations don’t vary by number of employees. Even if you use contract l...
Travel And Educational Deductions For 2014 Taxes
Each year, congress and the IRS remove or alter some deductions, and upgrade or create new ones. For example, for 2014 we will see many changes related to health care, and this will be one of the newest alterations to existing expenses and deductions taxpayers will be looking at for 2014. Your Fort Collins tax service will have all the new financial accounting information, and can guide you thr...
