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Insights is our series of tax, accounting and pharmacy related articles to help our clients navigate the financial landscape. Insights also provides the opportunity for our professionals to demonstrate their industry knowledge and experience through tax and business related tips, advice and news.
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Christopher Fleming, EA
Aug 20, 20222 min read
Form 1099 and Your Business
Form 1099, like many other tax forms, is meant to encourage people to report all of their income so the IRS can collect the full amount...
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Christopher Fleming, EA
Aug 20, 202210 min read
Small Business Tax Deductions & Credits
If you are looking for a way to help minimize the costs of running a business and get a little money back at tax time there are very good...
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Christopher Fleming, EA
Aug 20, 20222 min read
Host a Summer Picnic/Holiday Party at your Home and Save Tax!
Many businesses are structured as some form of legal entity (corporation, S corporation, limited liability company, etc.) which can have...
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Christopher Fleming, EA
Aug 20, 20222 min read
Start planning now to cut your tax bill come next April 15th
If you’re like many business owners across the country who managed to throw a profit only to have it wiped away by Uncle Sam, you should...
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Christopher Fleming, EA
Aug 20, 20222 min read
Top 6 Reasons Why Outsourced Accounting is Better for Business
1. Year-round Expert Accounting Support Our team of business savvy tax & accounting experts serves as your “internal” accounting...
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Christopher Fleming, EA
Aug 20, 20222 min read
5 Tips for Handling IRS Notices
1. Read it Carefully Get a clear understanding of why the IRS is contacting you and the importance of the issue. Some IRS notices are...
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Christopher Fleming, EA
Aug 20, 20223 min read
4 Reasons your paying too much tax
Every year at tax time you may think to yourself, "I wonder if I'm paying too much tax?" It's a good question, and you very well could...
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Christopher Fleming, EA
Aug 20, 20222 min read
Not all accounting firms are created equal
When you become a pharmacy owner, one of the first things you do is build your professional team; accountant, attorney, banker, insurance...
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Christopher Fleming, EA
Aug 20, 20222 min read
10 Questions to ask when choosing an accountant
The right accountant can add value to your business by saving it time and money year after year. Here are 10 questions you should ask...
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Christopher Fleming, EA
Aug 20, 20223 min read
Internal Controls for Small Business
Small businesses have a staggeringly higher risk of fraud than large companies due to lack of internal controls. Though business owners...
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Christopher Fleming, EA
Aug 20, 20222 min read
Rent your home to your business tax-free
The vast majority of our business clients are S Corporations which can have meetings wherever they like - including your home. Generally...
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Christopher Fleming, EA
Aug 20, 20221 min read
Business Deduction for Meals & Entertainment
The Internal Revenue Service issued guidance on the business expense deduction for meals and entertainment following law changes in the...
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Christopher Fleming, EA
Aug 20, 20222 min read
Tax Filing Season to Begin January 28
Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019...
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Christopher Fleming, EA
Aug 20, 20221 min read
New IRS warning: Email scams will surge this holiday season
Unfortunately, cyber scammers never take a vacation. In fact, the IRS has issued a warning of a surge in fraudulent emails that bait...
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Christopher Fleming, EA
Aug 20, 20222 min read
IRS issues standard mileage rates for 2019
IR-2018-251, December 14, 2018 WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to...
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Christopher Fleming, EA
Aug 20, 20222 min read
Tax reform creates opportunity zone tax incentive
Tax Tip 2018-191, December 11, 2018 Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are designed...
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