Accounting, Bookkeeping, & Tax Blog

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Adding a Member to an LLC: Key Tax Consequences

TaxesSmall Business

Whether you're kicking off the evaluation process or are in advanced negotiations to bring a new member aboard, it's essential to understand the key tax consequences that you'll face. We’ll walk you t…

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Schedule C Accounting Methods: Cash vs Accrual for 2025

AccountingSmall Business

If you find yourself walking that tightrope, use this guide as your Schedule C safety net. In it, you will find a clear breakdown of each method, the latest updates you should know about, and practica…

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An Overview of Modified Cash Basis: Should You Use It?

AccountingSmall Business

An Overview of Modified Cash Basis: Should You Use It?