Previously I’ve written on 6 Keys to Hire an Accountant, now let’s discuss the different ways you can work with an accountant. There are many things an accountant or CPA can do for you, but we will focus on the ones that pertain to small business owners. Here is a list of services generally offered by tax and accounting services:
The Planner is CORE Group's blog and a way to help others interested in up to date tax service news.
Remember February 2020 Pre-Covid? Those good times feel like ancient history.
Lots of questions arise during discussions about choosing the best IRA, regular or Roth. In general, your investment strategy should consider taxes (you can read more about that in this article), and that’s easy to overlook. You definitely don’t want tax to be the proverbial tail that wags the dog, but smart tax planning makes sure you keep more of what you earn.
The average accountant waits for you to show up with a folder full of stuff around tax time, and you’ll hear from them only when it’s time to write a painfully large check. Once this annual ritual is complete, you part ways (while you lick your wounds) and dread the next time when you’ll start the process again.
I will save my commentary until the end about this whole fiasco. The SBA announced yesterday that they are out of funding for the Paycheck Protection Program (PPP) and the advances on the Economic Injury Disaster Loans (EIDL). You did not get your application in, or you did, and you didn’t get any money. Now what?
Wow! What a whirlwind the last week has been. Congress passed the CARES Act last Friday, and there is a ton in there to digest. For a current summary of all of the provisions, check out our COVD-19 Page. A lot of changes for all business owners, but let’s dig into one that is probably most urgent.