There’s still time to file a tax extension if your business is taxed as a sole proprietorship or C-corporation. Let’s get right into it with answers...
Articles: Jeremy A. Johnson, CPA
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An Introduction to Amending Tax Returns
Yes, you’ve filed. But tax returns aren’t etched in stone, and businesses can correct mistakes and take advantage of opportunities retroactively by...
Tax Preparation vs. Tax Planning: A Guide for Business Owners
Tax preparation is the ultimate "of course" service for growth-stage business owners. Tax planning is entirely different in terms of process and...
Digital Payments for Small Businesses: Problems and Solutions
Looking to offer digital payment options like Paypal and Venmo? Let’s talk about the problems and solutions for bookkeeping, legal compliance, and tax reporting.
Small Business Tax Changes for 2023
See my list of good (and bad) small business tax changes for 2023 that all business owners should be aware of.
Is Depreciation Tax Deductible?
Is depreciation tax deductible? Which assets can and can not be depreciated? Stay informed with my comprehensive guide to depreciation.
Proactive or Not? Five Questions to Ask a CPA
Do you want a serious, proactive CPA or a person with a license and an office? Make an informed hire with five questions only good CPAs can answer.
A Complete Guide to 2023 Tax Credits for Small Businesses
Actionable information on high-impact tax credits: tax-saving potential, qualifying requirements, rules and exceptions, costs, forms, and next steps.
How to Avoid Small Business Tax Mistakes
Tax and bookkeeping errors cost small businesses millions in taxes each year. Avoid the five most common mistakes with easy solutions you can implement now.
Are Employee Health Insurance Costs Deductible for Businesses?
Want to attract and retain talent? Offer employees quality healthcare benefits and insurance options and offset the extra cost with deductions and credits. It’s a win-win.
Do Businesses Get Tax Refunds?
Yes, businesses get tax refunds. And we can break down business tax refunds into two types: Tax Refunds for Overpayment: These refunds apply to...
What Business Expenses are Tax Deductible for 2023?
A deductible expense isn’t a write off. It’s an opportunity. Here’s the tax deductible business expenses for 2023
Why Your Business Needs A Fort Worth CPA
If you want winning tax and financial strategies that align with your business objectives, it's time to adjust your thinking when it comes to hiring...
When Are Small Business Taxes Due for 2022?
Tax deadlines are coming up, and small business owners are asking the same question, “When are small business taxes due for 2022?” Today, we have to...
Why Are Small Business Taxes So High? Get These Services, and Yours Won’t Be.
Most small business owners do not know what they owe in taxes. A single accountant or tax preparer is not qualified to provide tax advisory services...
How To Assess the Financial Health of a Company
When we ask how to assess the financial health of a company, what we're talking about is financial analysis. I've always encouraged small business...
What is Bookkeeping: The Complete Guide for Business Owners
Bookkeeping is the act of recording and classifying an organization’s financial transactions. To understand bookkeeping for small businesses, we’ll...
Bookkeeping vs. Accounting: What’s the Difference?
Bookkeeping vs. accounting — every business owner wonders, at some point, “What’s the difference?” I’m a CPA, and here’s a short explainer.
What’s the Penalty for Filing Business Taxes Late?
If your small business faces a tax penalty for filing business taxes late, this article is for you. Here's what you'll learn: How late filing &...
5 Important Documents Needed For Small Business Taxes
With tax season in full swing, small business owners need to know what documents are needed for small business taxes and how these documents help...
How to Avoid Cryptocurrency Scams
One in 10 Americans is currently invested in crypto, with many seeking the potential for high growth in a short time. Crypto can be a sound...
Four Small Business Tax Credits To Know for 2021
For small business owners, it helps to keep track of the tax credits unique to your business and industry. Some tax credits have the potential to...
Do I Have To Report Cryptocurrency on My 2021 Taxes?
Yes, you do. According to the Internal Revenue Service (IRS), cryptocurrency is classified as a type of property. This means that crypto...
The Top 5 Common Tax Deductions Most Businesses Miss
Almost every small business owner knows that common tax deductions have tremendous value. But too often, people aren’t aware of all the small...
Why Your Business Needs Virtual CFO Services
Virtual CFO services, provided by an agency or an independent virtual CFO, offer financial expertise and leadership for high-revenue,...
Small Businesses See Big Benefits In The American Rescue Plan Act (ARPA)
On March 11, 2021, President Biden signed H.R. 1319, or the American Rescue Plan (ARPA), into law. The $1.9 trillion stimulus package follows...
6 Signs Your Business Needs Tax Planning
Tax planning is a prerequisite for growth for any small business with rapid-growth potential. Why? For two reasons: First, tax planning lowers what...
Here are the Employee Retention Tax Credit Requirements
If your business’s bottom line has been affected by the COVID-19 pandemic, you should be aware of the new Employee Retention Tax Credit (ERTC)...
Your Guide To PPP Loan 2 Requirements
After some last-minute back and forth with Congress, President Trump has signed H.R. 133, the Coronavirus Relief and Omnibus Agreement, into law. At...