Every year around this time, high school seniors feel the pressure ramping up. Everyone from grandma to the grocery store clerk wants to know: what are you going to do after graduation? Those who plan to go to college field questions about their applications, essays, and visits to university campuses. There’s one topic that’s rarely …
We’re thrilled to announce that our firm has been recognized by Accounting Today as one of the best accounting firms to work for in the country! Firms were evaluated on their workplace policies, practices, philosophy, systems, and demographics. Our employees also completed a survey to measure their experience. All these measures were combined to create …
We were proud to sponsor the Jacksonville Business Journal’s 2019 Fast 50 awards, recognizing the area’s 50 fastest-growing private companies, because of the big opportunity to honor the movers and shakers in our business community. The top 50 companies were ranked based on financial growth and cover a wide range of industries. Congratulations to: Conser …
It’s a well-known truth that running a small business is considered an audit risk for taxpayers. Auditors have found that self-employed people often claim too many deductions and write off expenses that aren’t strictly related to business purposes. Even if you’re keeping everything on the up and up, you’re lumped in with all the other …
Many people have similar tax situations from year to year, and so they become familiar with the rules and regulations that apply to their personal finances. However, changes in your situation or once-in-a-lifetime events can often have significant tax implications. Here are some of the lesser-known elements of our tax code that tend to trip …
The IRS’ audit rate on individual income tax returns was 0.59% last year, which represents the lowest rate in the past 17 years. Households in all tax brackets saw a decline in audit rates, except the $50,000-$75,000 bracket, which experienced a 0.06% increase. Overall, the low audit risk sounds like good news for taxpayers, but …
I heard a staggering statistic at last week’s Xerocon conference: 50% of small businesses fail without a financial advisor to help them understand their books. I looked deeper into the research and found another surprising statistic from Xero’s Make or Break survey of small businesses. Of 2,000 small business owners whose businesses failed, 65% of …
If your 2018 tax return was a doozy, you may want to consider making some changes to your tax withholdings—after all, changes are in the air at the IRS. One of the most common reasons that many taxpayers had smaller refunds (or unexpectedly owed tax) for 2018 were errors in the IRS’ withholding tables. In …
Journalists have been calling 2019 the “year of retirement reform” for a couple of reasons. Congress is currently considering several significant retirement bills. If these bills pass, they may have a positive impact on retirement savings. There are significant changes that have already taken effect in 2019. We’re going to give you a rundown on …
Summer has arrived! Whether you’re parked at the pool, planning a fabulous vacation, or just staying cool in the AC, it’s a time when life slows down a bit for many of us. If you have children or grandchildren who are getting ready to begin a summer job—or a recent graduate launching his or her …