Preparing for Tax Time All Year Long

Preparing For An Upcoming Business Audit

A business audit can elicit a sense of panic if your records aren’t already perfectly in order. Here are some things you can to do get your documents ready for an auditor.  Hire a Helper For starters, it can help to have a bookkeeping or accounting firm on your side when it comes time for […]

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First-Time Filer? 4 Common Mistakes To Avoid When Doing Your Taxes

Preparing to file your first tax return on your own can be a daunting idea. But even though you may have heard horror stories about taxes, the truth is that you’re unlikely to have such difficulty and are more likely to realize that it’s truly not that bad. The key is to avoid making a […]

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Getting Your Certified Public Accountant License: What You Need To Know

If you want to have a great career in the accounting profession, then it’s a good idea to get your certified public accountant’s license. A licensed CPA has a crucial credential that shows he or she is well-qualified to take on a wide range of accounting tasks. Here is a closer look at getting your CPA License. […]

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Senior Tax Guide: How To Deduct Your Medical Expenses

For many seniors, medical expenses make up a lot of the money that they spend every year. If you spend most of your money on medical expenses, and you are a senior, make sure that you are deducting all qualifying medical expenses on your taxes.  Federal Tax Definition If you are over 65 years old, […]

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Small Business Mistakes An Accountant Can Help You Avoid

Naturally, you want to save money on anything you can when running a small business, but accounting should not be something you scrimp on. Calling on accountants can be the best move you can make to avoid the common pitfalls many small business owners face. Time vs. Cost As the business owner, your time is […]

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3 Mistakes You Want To Avoid On Your Small Business Taxes

Tax time is never fun. As a small business owner, there are a lot of rules and regulations you have to follow and adhere to at all times. The last thing you want to do is end up making a costly tax mistake that could end up costing you far more out of pocket than […]

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Small Business Payroll Records: Why You Need An Accountant

Keeping track of a large amount of employees can be challenging as a new business owner. One of the main things that you must do is keep track of payroll records, which is best done with the help of a qualified accountant, like the ones at Waggoner Frutiger & Daub CPA’s. In this article, learn […]

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Avoid These 3 Bad Bookkeeping Habits This Year

As a business owner, you are responsible for all aspects of your business, including the financial side of things. Here are three bad bookkeeping habits you should avoid this year if you want your business to have a healthy financial year.  #1 Failing To Understand What Key Accounting Metrics Need For Business In order to […]

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8 Legitimate — And Easy — Ways A High Earner Can Reduce The Tax Bill

If you’re a high-income household looking at your tax bill for the past year, you probably wonder how you can reduce that bill for next year. While many tax credits and deductions “phase out” (are limited or stop altogether) for those earning a higher amount, there are still a number of legitimate — and often […]

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What New Small Businesses Need To Know About W-2s

It’s the start of a new year, which means that it is time for your company to send out W-2s to employees. If you’ve never had to do this before, then it can be a bit overwhelming. Here are a few things that you need to remember regarding W-2 forms:  Do You Have to File […]

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