Blog

Stacy Shaw | Feb. 11, 2017

Break Even Analysis

Every business owner wants to know what their break even is for their company, but many don’t know where to…

Chris Wittich | Jan. 28, 2017

Listed Property – Huh? Listed Where?

Listed property is a term for vehicles that are specifically listed out on Form 4562 when you file your tax…

Nick Swedberg | Dec. 6, 2016

Mind Your Margins

Americans love food. We love to eat food, talk about food, watch food being made…we even love to take pictures…

Chris Wittich | Jun. 6, 2016

Don’t Forget About FATCA

With all the publicity that the FBAR gets with its massive penalties and its unextendable deadline, let’s not lose sight…

Chris Wittich | Jun. 2, 2016

FIRPTA Withholding

It’s FBAR season, all the cool kids know that, but for some foreign taxpayers they are also experiencing a strange…

Chris Wittich | Feb. 22, 2016

Understanding What You Sign

Tax returns have lots of things that you need to sign.  There are signature pages for e-filing a tax return,…

Chris Wittich | Oct. 20, 2015

P is for Partnerships

P is for partnerships.  Partnerships are a very common tax structure, but to be taxed as a partnership the underlying…

Nick Swedberg | Sep. 2, 2015

Automatic Gratuities

Nothing is more frustrating to a server than frantically running to keep a table of 12 happy, only to find…

Nick Swedberg | Aug. 27, 2015

Restaurant Tip Reporting

Few industries can rival restaurants for the crown of “Most Specialized and Complex Tax Regulations”.  Restaurants have the unfortunate “honor”…

Randy Feld | Jul. 9, 2015

Strategic Business Planning – 7 Keys to Success

Today there are a number of business systems, tools and books to help small and mid-size businesses execute on their…

Nick Swedberg | Apr. 16, 2015

Cash Flow Projections

Many business owners don’t feel they have time to do a cash flow projection.  This is a very important tool…

Chris Wittich | Jan. 8, 2015

Deducting Your Pet Costs

Wondering if you can deduct your pet costs?  People often treat their pets like children, but no matter how much…

Elizabeth Wilcox | May. 29, 2014

Exempt Organizations and Sales & Use Tax

“What do you mean I have to charge sales tax on my sales?  I’m a tax exempt organization!”  That is…

Becky Gibbs | May. 20, 2014

GAAP Accounting for Goodwill – Accounting Standards Update (ASU) Impacts Private Companies

The Financial Accounting Standards Board (FASB) issued ASU No. 2014-02 in January 2014 which now allows private companies to amortize…

Chris Wittich | Mar. 27, 2014

Like-Kind Exchange – Rental Property

A like-kind exchange is just that; an exchange of things that are similar.  They can be very useful in deferring…

Chris Wittich | Mar. 13, 2014

Why Do They Send Corrected 1099s?

About this time of year (and for the next month or so), you might receive a corrected Form 1099 from…