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Bookkeeping, Accounting, and CPAs - Aren’t They All the Same?

Bookkeeping, Accounting, and CPAs - Aren’t They All the Same?

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.

Federal Funds Trigger Single Audits

Federal Funds Trigger Single Audits

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.

Does Your Company Require Single Audit Services This Year?

Does Your Company Require Single Audit Services This Year?

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.

Celebrating Women Who Choose to Challenge

Celebrating Women Who Choose to Challenge

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.

Failure to Plan is Planning to Fail. It was the best of times; it was the worst of times.

Failure to Plan is Planning to Fail. It was the best of times; it was the worst of times.

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. 

The Jock Tax in 2020 is Not Just for Quarterbacks.

The Jock Tax in 2020 is Not Just for Quarterbacks.

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!