May 07, 2021
We tend to toss around these terms interchangeably, but there is a drastic difference between these three positions and how they impact your business. When it comes to your business, taxes, and money, you need to understand who to contact, their specialty, and how they will work with you and for you.
April 27, 2021
In January of last year, our economy was doing well until COVID-19 came along and punched U.S. businesses and industries in the gut. The federal government responded by creating new programs to assist businesses suffering economic hardship due to the pandemic. Privately-held entities that have never relied on federal funding found themselves in a position where they needed these funds to survive.
March 15, 2021
Did you know that if you received $750,000 in funds through the Coronavirus Aid, Relief and Economics Security (CARES) Act, you may be required to undergo a Single Audit? For many businesses, this is unchartered territory as they have not received or relied on government funding in the past.
March 10, 2021
To celebrate International Women's Month, we are shining a spotlight on our Managing Partner and Co-Founder, Thanh, with a Q&A session. This year the theme of International Women's Month is #Choose to Challenge, and we didn't need to look far to see how Thanh has challenged inequity and bias in her life to become the person she is today.
March 01, 2021
Picture this- Your company had a large jump in revenue in 2020. You are thrilled that your company made money during a tough economy. You start thinking your company hit great revenue numbers in 2020, so 2021 should be great, right? Then reality in the form of the Tax Man comes knockin' on your door to collect his portion of your profits.
February 04, 2021
The Super Bowl is this weekend, and all eyes are on the two quarterbacks. It is always exciting to see how they lead their team under immense pressure on the path to being a champion. As a business owner or an individual taxpayer, you may still be feeling the sting of COVID-19 in your business daily, but did you know that you may also be facing the same "Jock Tax" that professional athletes face? You may be thinking, "Why would I have to think about the Jock Tax when I am not making the same money as Tom Brady?" This is an excellent question for your CPA!