Aug 4, 20204 minBest Practices for Your Business Credit ScoreYour Business’s Financial Report Card Just like your personal credit score, your business has a credit score to help you get the best...
Jul 21, 20204 minTravel, Gifts, and Meals, Oh My!Are you claiming all your business expense deductions?
Jul 7, 20204 minPractical Payroll & You5 Tips to Success We understand - payroll can be confusing! As a small business, it can easily become overwhelming to manage your...
Jun 30, 20203 minDo You Qualify for the Employee Retention Credit?The Employee Retention Credit can give you immediate access or advance payment from the IRS.
Jun 23, 20205 minHome Office Deductions and YouOne of the best parts of our job is the chance to play “detective” and find the best deductions and credits that can save you money!
Jun 9, 20203 minRefund Fraud PreventionYou’ve worked hard to get your refund, but there are unfortunately people in the world who commit identity theft.
May 19, 20206 minA Story of Tax Court(Part 2 of Tax Court) Special Note: As of this post, May 19, 2020, Tax Court trials are on hold until July 3rd. In addition, all mail is...
May 12, 20204 minGetting Ready for Tax CourtIs this you when you hear the work Tax Court? Never fear, Practical Accounting Solutions is here! Let’s talk Tax Court! First, what is...
May 5, 20204 minThe Business Tax Basics You Need to Know“Why are tax laws so confusing?” We get that question a lot! With all of the different types of businesses, industries, and situations,...
Apr 28, 20203 minBusiness Tax Payment Options for the IRSLast week, we talked about individual payment options with the IRS. Today, we talk about payment plan options if you’re a business....
Mar 31, 20202 minTax Resources for COVID-19Can you believe it has been a whole week since our last post? While the days seem to go by slowly, it also seems that new developments...
Mar 24, 20205 minBreaking down the Families First Coronavirus Response ActWe live in an unprecedented time where we are charting new and unknown waters. As new legislation is introduced and passed, it’s...
Mar 17, 20203 minFinancial Planning for EmergenciesWith the Coronavirus at the forefront of news channels and more, we want to talk about preparing financially for emergencies. Please...
Mar 10, 20203 minTaxing CryptocurrencyWelcome to the future where money can be completely digital! When Bitcoin was first introduced in 2009, fractions of pennies could buy...
Feb 25, 20203 minA Quick Guide to Household EmployeesHave you recently hired your first household employee? Not too long ago, it was normal to have someone to help with simple tasks around...
Jan 28, 20204 min7 Commonly Overlooked Tax Deductions/SubtractionsSome say 7 is a lucky number. Today, we talk about 7 deductions you may not have been familiar with! Here at Practical Accounting...
Nov 18, 20192 minYour Nest EggHave you thought about your nest egg? No, we’re not talking about birds! We’re talking about the money you’ve set aside for your...
Nov 11, 20193 minBreak-Even Analysis for Your Small BusinessAs a business owner, you’ve probably heard the break-even equation countless times. Revenues = Costs, Profit = 0, you get the picture....
Nov 4, 20193 minTeaching Your Kids About MoneyMany of our clients remember the days when children were given a nickel to stop by the donut or candy shop on the way home. It was easier...