Approximately 40% of small businesses use outsourcing to handle at least one of their business process. And accounting makes up 37% of all outsourced jobs.
Infographic: Are You Ready to Outsource Your Accounting Department?
read more
Business
QuickBooks Improvements for Virtual Working
Many businesses have transitioned to working from home over the past several months. Adapting to a new normal means adopting remote work technologies. QuickBooks is a platform designed to help business owners gain essential insights into their business’s performance to help them grow.
Buying or Selling a Business: Book Value vs. Fair Market Value
The value of a business is a question on many business owner’s minds. Whether the owner is considering retirement, estate planning, succession planning, reviewing buy/sell agreements or possibly selling, it is important to know what a business may be worth.
4 Recent Accounting Changes
Whether it is working from home, virtual school, or curbside pickup at your favorite restaurant, 2020 has had no shortages of changes and required adaptations. Accounting in 2020 is not exempt from these changes.
IRS Publishes Release Regarding Business Interest Expense Limitations
The Internal Revenue Service (IRS) finalized guidance regarding business interest expense limitations. Here is an overview of the rules.
Payroll Tax Deferral Guidance
On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations. On August 28, 2020, the Department of Treasury and Internal Revenue Service issued guidance for implementing the memorandum’s payroll tax deferral portion.
SEND US A MESSAGE
We appreciate your interest in Smith Schafer and would love to hear from you.So please complete this form or feel free to email us directly at: [email protected]