Why You Should Hire Your Kids
There are plenty of reasons for parents to want their children to get a job at a young age. It can help develop a strong work ethic during important developmental years, enable […]
Business
Net Operating Losses And The TCJA
Whether you are a company that’s just starting out or are within an industry subject to seasonal long-term trends, having a net operating loss (NOL) in one year and net income in […]
Paragon Accountants’ Year End Checklist
When it comes to getting everything squared away in your business before year end, things can get stressful. This checklist can help you collect all the items that you need before the […]
Tax Reform Changes To Depreciation
By now, you’ve heard of the tax rate changes, qualified business deduction, and the doubling of the standard deduction – but did you know the Tax Cuts and Jobs Act also changed […]
What You Need to Know Regarding Marijuana Industry Accounting
Marijuana’s popularity is flourishing. There’s no doubt about it. As more states legalize its medicinal or recreational use, more and more cannabis-related businesses are sprouting up. Consumers are spending more every year. […]
QBI Deduction Plus High Income Equals No Problem! (Part 2 of 2)
In Part One of our article series we discussed what the QBI deduction is, which business entities it applies to, and how it is calculated. If you need a quick refresher of […]
New 20% Deduction for Business Owners! Do You Qualify? (Part 1 of 2)
With the recent implementation of the new tax reform, the Tax Cuts and Jobs Act has left many taxpayers in the dark concerning many new major tax provisions. One of these provisions […]
Start Preparing For Next Year’s Tax Season
So, tax season is over and you’re feeling relieved. (We were swamped, so we are too!) But this doesn’t give you a free pass to forget about taxes until next year. Now […]
Tips for Business Owners
Being a small business owner takes a lot of energy, passion, perseverance, and thick skin. It’s not a job for the weak of heart. But as a business owner, you also need […]
Avoid Unnecessary Business Fees!
Businesses have an earlier due date compared to individuals, so make sure you get those business returns filed right away! Deadlines Business tax returns are due March 15th, 2018, for both the […]
Watch Out! 1099 Filing Penalties Aren’t Exactly Light
Lots of confusion has surrounded 1099s and who should be issued a 1099. Fortunately, this has been followed by many articles clearing up the fog. What we want to talk about in […]
Your Business Deserves New Year’s Resolutions, Too!
The new year is a time for reflection, gratitude, strategizing, and hope for a fruitful year. While taking the time to make plans to extend your personal growth is very important, your […]