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Providing education and industry insights to stay steps ahead of your competition.
4 levels of 审计意见
The first page of audited financial statements is the 审计师’s report. This is an important part of the financials that shouldn’t be overlooked. It contains the audit opinion, which indicates whether the financial statements [...]
When Do You Know You Need a Business Valuation?
Are you looking to have a business valuation or learn more about what they entail? We’ve got you covered. Below is SSF’s guide to business valuations: why you need them, what the process is [...]
Opportunity Zones 税 Benefits: Reaping the Rewards of Raw Land Investments
With the generous tax benefits now available to taxpayers investing capital gains in Opportunity Zones, real estate focused businesses and investors should consider immediate action. The opportunity for long-term tax benefits combined with potentially [...]
Should You be More Crypto Conscious?
What is Cryptocurrency? Cryptocurrency is a form of money available in a digital or electronic form, also known as a Digital Asset. The AICPA classifies cryptocurrency as a ‘Digital Asset’, which it defines as, [...]
Making withdrawals from your closely held corporation that aren’t taxed as dividends
Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient since it’s [...]
研究 and Development in the 建设 Industry
A construction company claiming a 研究 and 开发(R&D) credit, really? That’s a common response many people have when they first hear about the R&D credit in relation to the construction industry. 现实(...]
What Venture Capital Firms Need to Know about K-2 and K-3 Forms
The IRS has released final versions of the two new schedules that are being added to passthrough entity returns: schedule K-2 and K-3. These new forms will impact many in the partnership space, including [...]
Impacts of the 新型冠状病毒肺炎 Pandemic on the 制造业 and 建设 Industry in 2022
After the crippling consequences of the 新型冠状病毒肺炎 pandemic in 2020, the manufacturing and建筑 industries have managed to get back on top in 2021. The 2022 trends for these industries are favorable as well, [...]
Take your financial statements to the next level
Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. This year, take your financial data beyond compliance. Here’s how financial statements can be used to be proactive, [...]
R&D税收抵免 Now Requires Additional Documentation When Making Claims for Refund
The research and development (R&D) tax credit is submitted on federal form 6765 and compiles the amounts of Qualified 研究 Expenditures (QREs) and computes the total credit for the tax year. 税payers seeking to [...]
Why the Right Quarterback is Critical to Your 家庭办公室
One of the more striking challenges for 家庭办公室s is managing the plethora of advisors who serve the family but may provide conflicting or confusing advice. To address this issue, a 家庭办公室 should [...]
What to Expect Working with an 审计or
What is it like being audited? Working with an 审计师 for the first time can be intimidating. Due to the nature of an independent 审计师’s role, many people assume that they are solely out [...]
Best Practices in Accounts Payable Automation
Here’s a simple question: Would you rather continue to manage accounts payable manually or put the whole process into an automated workflow? Considering the amount of time that’s consumed by staff and other resources [...]
How to Record Mobile Payment App Transactions for 税es
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. 他们不...]
审计 disclosures: Why the fine print is important
Footnotes appear at the end of a company’s audited financial statements. These disclosures provide insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making well-informed lending and investing [...]
2022 税 Calendar: All the Deadlines You Need to Know
To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us [...]
How Pre-IPO Companies Can Get Their Ducks in a Row Before Going Public
Along with providing an infusion of capital to a growing company, going public brings strict financial reporting and compliance requirements that need to be in place well before the offering. To meet investor expectations [...]
Why It Pays for Smaller Companies to Adopt Internal Controls Like Larger, Publicly Traded Companies
Internal Controls Aren’t Just for Large Publicly Traded Companies Private or smaller publicly traded companies that proactively employ internal controls over financial reporting benefit from: lower capital costs higher company valuations increased interest by [...]
Choose the Right 家庭办公室 Accounting 软件 to Eliminate Financial Complexity
Prioritize Your 家庭办公室’s Accounting 软件 One of the most effective ways for a 家庭办公室 to improve efficiency and reduce complexity is selecting the best accounting software for its needs. While popular accounting [...]
Keeping meticulous records is the key to tax deductions and painless IRS audits
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses in order to claim [...]
Understand the Best Ways to Optimize Your Brewery or 酒ry’s Cash Flow in 2022
Cash Flow Forecasting Equals Positive Business Cash Flow Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential shortfalls and proactively address working capital gaps. 他们(...]
The ABCs of activity-based costing
Revenue and expenses, as reported on your company’s income statement, have limited usefulness to people inside the organization. Managers often need information presented in a different format in order to make operational and strategic [...]
9 Advantages of Outsourcing Accounting OG电子官网
Outsourcing offers unique solutions to some of today’s biggest accounting challenges. If your company is debating over how to best account for its transactions, consider the advantages of outsourcing accounting. 1. Outsource Accounting Cost [...]
Entrepreneurs and taxes: How expenses are claimed on tax returns
While some businesses have closed since the start of the 新型冠状病毒肺炎 crisis, many new ventures have launched. Entrepreneurs have cited a number of reasons why they decided to start a business in the midst [...]
