The passage and implementation of the Affordable Care Act of 2010 (aka Obamacare) has been one of the most controversial pieces of legislation in modern history. To date, it has survived several lawsuits; including a challenge to the constitutionality of individual mandates and a claim that the law does not allow for tax subsidies in […]
Heavy Fines for Employee Healthcare Reimbursements Read More »
The general rules about accounting may typically stay the same but the interpretation seems to always be different among business owners. Some accounting rules are basic to understand but some require accounting expertise to fully understand the details. We love to answer even the most difficult questions from clients, because our job is ultimately to
Top 3 Questions To Ask Your Accountant Read More »
The case of King v. Burwell provided a scare for residences receiving tax subsidies to help pay for health insurance in 37 states (including Arizona). The case was a challenge to the wording of the Affordable Care Act (AKA Obamacare), which stated that subsidies would only be available in an “exchange established by the state.”
Supreme Court Upholds Tax Subsidies for Federally-Run Exchanges Read More »
World Juggling Day is one of those obscure global holidays celebrating the skill of juggling multiple items at once. Perhaps there is a full day dedicated to juggling because most of us do a lot of it in our personal and business lives. Small business owners can especially relate to juggling. Many entrepreneurs wear most,
Juggling Bookkeeping and Running a Small Business Read More »
Microsoft Excel and similar spreadsheet programs have been very useful in helping businesses automate many of their processes. The ability to customize a spreadsheet to track specific data provided a low-cost automation option for many small businesses in the late 20th Century. As we move further into the 21st Century, however, the growing complexities of
Dangers of Using Spreadsheets for Financial Accounting Read More »
When entrepreneurs start a business, many give little thought to the professional services they will need to function smoothly. Individuals go into business because they have a great idea and a vision to turn their passion into a profitable enterprise. The challenge is many of them do not have experience with the legalities and tax
Do Small Businesses Need an Accountant? Read More »
Giving is a major part of life, and most of us look forward to the opportunity to share a portion of our treasure with loved ones and organizations that reflect our values. While the primary purpose of giving is to enrich the lives of others, there are certain tax advantages we can receive as well.
How To Give With Purpose Read More »
Bitcoin and other digital currencies have increased in popularity in recent years. The number of people holding Bitcoin is now in the millions, and many online retailers, such as Dell, Microsoft, and Overstock.com are now accepting the currency as payment for goods and services. Bitcoin Basics: Bitcoin is an electronic medium of exchange in which
Calculating Bitcoin Taxes Proving Difficult Read More »
Congress passed an omnibus-spending bill before leaving for Christmas that fully funded most of the government through September 2015, the end of the fiscal year. Nicknamed the “Cromnibus”, the bill did contain one continuing resolution (CR) component for the Department of Homeland Security, which received only a three-month extension. The Cromnibus was passed over heavy
Winners and Losers in the 2015 Federal Budget Read More »
The Jumpstart Our Business Startups (JOBS) Act is a bipartisan piece of legislation that was signed into law in April of 2012. The law, which had several co-sponsors from both political parties, was intended to encourage funding of emerging growth companies by easing certain securities regulations and making it easier for these companies to receive
Study Shows Most Companies not Taking Full Advantage of the JOBS Act Read More »
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