It can happen for a number of reasons, a business owner mixes the funds for their business with their personal finances. But the can of worms this can open is usually not worth the short-term fix this practice can offer. Some of the members of our Business Services & Solutions Team weighed in on the … Continued
By: Natalie Bruns, CPA, MBA- Senior Accountant Intuit is striving to keep up with client’s needs and has been developing new features and improvements to serve their users. They have come a long way in the last couple of years, by not only creating cloud-based accounting, but also creating a cloud-based accounting solution that is … Continued
Some of the accountants that make up our Business Services & Solutions Team are back with the next installment of our blog series, “Real Tips from Real Accountants.” This time we are focusing in cash flow. Team members were asked to address the following for this blog: Share one or two things that business owners … Continued
Our blog series that offers real tips from the accountants that make up the H&M team rolls on. In this installment, we focus on QuickBooks. This is an accounting software that is very popular among business owners. Many members of our team are highly proficient in the software and share some of their favorite features … Continued
From effective bookkeeping, to updated medical billing & coding, Holbrook & Manter offers plastic surgery accounting services to help grow your practice!
By: Linda Yutzy, Administrative Assistant In today’s economy, we see a myriad of businesses that begin with impressive, innovative ideas and products, but they are short-lived and end up closing their doors. According to the SBA (The U. S. Small Business Administration), almost 80% of new businesses started will survive their first year. That sounds … Continued
Is your office littered with important documents? Tax returns, receipts, canceled checks and other financial records? Or perhaps your computer desktop is filled with a multitude of digital tax-related files? You’ll find it easier to file your taxes next time around if you cut down on the clutter. To perform a cleanup, call us in … Continued
It’s common for owners of closely held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly. If you don’t, you might hear from the IRS. Why loans are better When an owner withdraws funds from the company, the transfer can be characterized as compensation, a distribution … Continued
TCJA Prompting Entity Change for Some Business Owners For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. Meanwhile, the TCJA also reduced individual income tax … Continued
By: Linda Lehman, Senior Assistant Accountant We all use software which may contain helpful features that we are either not aware of or have forgotten about from our initial training. Here are a few of my favorites in QuickBooks… Find What would I do without this handy tool! Let’s say you just entered a transaction … Continued
