Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.
what-is-form-1065

What is Form 1065?

Ensuring your business is firing on all cylinders and moving in the right direction can be incredibly challenging, especially when you have partners. That’s before you attempt to navigate mountains of complex financial work, including Form 1065 the US Return of Partnership Income, that can get in the way of building your business. If you […]

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Small Business Accounting Tips

Small business owners wear many hats and have a lot going on as they build their businesses. So, it’s understandable that some tasks and priorities are pushed to the side in favor of what they deem to be more pressing aspects of their work. Typically, accounting and financial tasks are among the priorities relegated to […]

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How Much Does a CPA Cost?

There are numerous instances where a Certified Public Accountant (CPA) can help your small business. From tax preparation, advisory, submitting your quarterly estimated taxes to the IRS, and even bookkeeping services, a CPA can take on the difficult financial tasks that tie you up and slow you down. But not every CPA and CPA firm […]

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Adjusted Gross Income: What it is & How to Calculate

It is essential for taxpayers to understand Adjusted Gross Income, commonly called AGI, especially if you prepare and file your own business taxes. AGI significantly impacts your tax rate, tax payments, and potential refunds. If you don’t fully understand how taxable income is calculated, you could end up paying more or less than legally required. […]

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R&D Tax Credit: Everything Business Owners Need to Know

The government encourages private-sector innovation by offering incentives, such as the federal research and development (R&D) tax credit, to businesses that invest in qualified research activities. While this credit used to be aimed at corporations with seemingly endless budgets, that is no longer the case. Now, this credit is available to medium and small businesses […]

all-about-form-w-9

All About Form W-9: What It Is and How to File

Whether you’re a freelancer or a small business owner, running a business means navigating complicated paperwork. Accurate and timely tax compliance is critical to smooth operations. Independent contractors and businesses paying non-employee compensation should understand the reporting requirements.  IRS Form W-9 is an informational form for recipients of numerous types of income, including non-employee wages. […]