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Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But that doesn’t necessarily mean your income tax liability will go down. The TCJA also makes a lot of changes to tax breaks for individuals, reducing or eliminating some while expanding others. The total impact of all of these changes is what will ultimately determine whether you see reduced taxes.

Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs.

A summary on the most talked about provisions of the tax legislation recently passed, with most elements going into effect for the 2018 tax year. Includes information about the changes to itemized deductions, tax brackets, tax rates, and the taxation of investment income.

Carefully crafted, plainly understood communication is fundamental to the establishment of relationships, whether personal or business. If there is ever going to be a meaningful exchange of thoughts and emotions it will be through effective communication.

But it’s easier said than done.

The relationship between accountant and client is a relationship based on open communication and the exchange of relevant ideas, and this serves as the basis for decision making. Without the exchange of ideas between client and accountant there is no value added to the decision making process.

You may have heard about subscription businesses and what owning a subscription business might be like. This article will help clarify what you may or may not have heard by going through some of the basics of owning and operating a subscription business.

With the holidays fast approaching, many people are looking for ways to combine their desire to help the causes they believe in along with their desire to save on taxes. For the charitably inclined, there are strategic ways of giving that can accomplish both goals.

Clients (and accountants) are human whether we like it or not. And as we know, humans make mistakes. Identifying and fixing financial mistakes is a large part of the effort expended by clients and accountants. An analysis of these efforts make up the crux of this article.

As noted in recent reports, current US Generally Accepted Accounting Principles (GAAP) as prescribed by Accounting S

On September 27, 2017, the Trump Administration and select Republican members of Congress released a “unified framework” for tax reform.