Most business owners assume an audit is about checking whether their numbers add up. But there’s a lot more to an audit than ensuring the accuracy of your financial reporting, and it all comes down to internal controls. Internal controls are the checks and balances your organization puts in place to mitigate risk and protect […]
Tax Preparer or Financial Advisor: What Does Your Family Really Need?
Most families assume they just need someone to prepare their taxes each year. But if you’re only working with a tax preparer, you may be missing the financial guidance that could transform your family’s future and build lasting security. What’s the difference between a tax preparer and a financial advisor? A tax preparer focuses on […]
Three Conversations to Have with Your CPA (That Aren’t About Taxes)
Most business owners only talk to their CPA between February and April. While it’s a no-brainer to communicate during tax season, the real value comes from the conversations you have the other nine months of the year. In fact, we meet with every business client at least quarterly. What do we talk about? From tax […]
5 Signs Your Business has Outgrown Your Tax-only Accountant
The accountant who got your business through the startup phase isn’t always the one who gets you to $5 million — or $10M or $20M. As your business grows, the inflection point usually comes when you need financing, are seeking proactive tax mitigation strategies or need to reward key employees to help retain critical talent. […]
IRS Shifts to Electronic Payments: What Taxpayers Need to Know
Your tax refund check isn’t coming in the mail anymore. The IRS just announced it’s going all-electronic for refunds and payments. Here’s what you need to know: What happens if you don’t provide direct deposit information? If you file your return without banking information, the IRS will still accept and process it, but your refund […]
Love and Money: Must-have Financial Conversations for Engaged Couples
Spring weddings are in full bloom, and May is one of the most popular months to tie the knot. For engaged couples, the to-do list seems endless. But between choosing flowers and finalizing a menu, there’s one critical conversation that many future grooms and brides-to-be avoid: Money. Talking about finances early on can set the […]