Tag Archives: Small Business

Managing Risk with Internal Controls

Fraud happens and it’s not just affecting large corporations.  Small to medium size business are also at risk due to internal control deficiencies and minimal enforcement of policies in place.  According to the 2016 Association of Certified Fraud Examiners (ACFE) … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Professional, Business Technology, Corporate Taxation, Fraud, Internal Controls, Small Business Accounting | Tagged , , , , , , , , , , , , , , , | Leave a comment

Businesses Subject to the Partnership Tax Rules Need to Review Their Operating Agreements in Light of Changes Right Around the Corner

The Bipartisan Budget Act of 2015 is making major changes to the examination and collection processes the IRS uses in its administration of the tax regime that governs businesses that are taxed as partnerships, such as limited liability companies that … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Operating Agreements, Partnership Tax Rules, Partnership Taxation, Small Business Accounting, Tax Planning, Taxes, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Stop, Look and Think Before You Expand

The driving force in many expansion plans is to generate higher sales, with the hope that profits will rise. But before making moves to buy new equipment, expand your plant or implement a new business idea, you need to grasp the … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Tax Planning, Expansion Plan Analysis, Expansion Plans, Tax Planning | Tagged , , , , , , , , , , , , | Leave a comment

QuickBooks Online – Is it Worth it?

QuickBooks was born in 1994 when Intuit purchased the rights to use a double entry accounting program called “MoneyCounts”. The software program that we all know and love started taking shape in the years to come. Its ease of use … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Owners, Business Professional, Business Tax Planning, Business Technology, Non-Profit, Not-for-profit, QuickBooks | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

If you own tangible business property you better keep reading…

UPDATE: On February 13th, 2015 the Internal Revenue Service released Revenue Procedure 2015-20 which provides last minute Tangible Property Regulation relief for small businesses. The Final Tangible Property Regulations T.D. 9636 generally may be adopted and applied beginning on or … Continue reading

Posted in Accounting, Business, Business Professional, Business Tax Planning, Corporate Taxation, Internal Revenue Service, Tax Compliance, Tax Planning, Taxation | Tagged , , , , , , , , , , , | Leave a comment