Archives for November 2023

Does your Atlanta family sit around the table at Thanksgiving dinner and share something they’re thankful for? I’ve been at those holiday meals many a time. I appreciate the intent, and will admit it’s usually effective in getting me to feel more grateful, but I do wish those hosts would generally restrict the “I’m thankful for” conversations for the end of the meal. “Some like it hot,” as they say on… Read More

Before the holiday craziness kicks in, let’s remember: the end of the year is a golden chance to play with the calendar in your business’ favor. Whether it’s diving into year-end profit metrics, sorting out staff bonuses, or launching some targeted marketing to catch those year-end spenders — now is the time to zoom in on tasks that set you up for success now and into the coming year. Lock in… Read More

Hiring an inexperienced or low-cost accountant may seem like the best option, but it can end up being a costly mistake. The fact is that an accountant is generally someone who is tax compliant but lacks the training to see and plan long term: Staff members may not be credentialed. Inadequately trained and staffed tax return preparation can lead to errors and missing crucial details. Too many clients for the… Read More

Tax Planning That is Too Risky or Illegal The IRS is more focused on the returns of business owners than W2 earners since there are far more opportunities to “cheat” in that arena such as: Under-reporting or omitting income; keeping a second, fraudulent set of books. Discrepancies in amounts reported on a corporation’s return and amounts reported on its financial statements. Paying your children or spouse for work that they… Read More

When to Upgrade to an Advanced Accountant It’s common to find yourself and your business facing more complicated taxes as you  grow or purchase a business, open it to investors or change your business model. Chances are you have not had time to do your own returns for some time, and if you are acquiring rental properties or other assets, it’s time to invest in a Tax Strategist—it could be… Read More

Though the days are getting shorter and the weather is taking a turn, there are some great revenue reasons to get excited about the next two months. As we round the bend into Black Friday territory (which for many began at the end of October), it’s time to get nimble with your business plans. We all know the power of the holiday season for boosting sales — revenue-increasing opportunities abound…. Read More