Accounting Articles For Entrepreneurs & Small Business Owners

How Do Payroll Services Work?

What is a payroll service and how does it work? To a business there is perhaps no more important part of its infrastructure than its payroll service. The purpose of a payroll, simply put, is to make sure that each and every single person in a company’s employment is financially compensated for their work to [...]

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Payroll Software Review: Top 10 Business Payroll Software

In the digital era, managing your payroll manually is unnecessary and inefficient. Various payroll software solutions are widely available to help business owners with this task. These tools are usually highly specialized, do not include unnecessary features, and often come at a relatively low price. To assist you with your payroll, we have selected the [...]

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Can Accountants Value a Business For Sale?

Short Answer… Yes. The Concept of Business Valuation Whether you own a business and want to sell it, or else you’re an entrepreneur who desires to buy an existing small business, somehow or other you need to know what the company is worth.  On the selling side, the plan is to make the price low [...]

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How to Value a Business

Why Business Valuation Is Important The process of arriving at an accurate assessment when valuing a business is perhaps the most challenging aspect of any prospective small business purchase.  A seller has arrived at a specific price he or she wants for the company, and one must determine if that business value is accurate.  Pay [...]

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What’s That Business Worth?

Fair Pricing for Buyers and Sellers Whether you are planning to buy an existing business or expect to sell one you currently own, one of the biggest challenges involves deciding on a fair price.  As the buyer, if you pay too much, you risk damaging future profit by digging too deep a hole early in [...]

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Selling a S Corporation – New Tax Regulations for 2009 and 2010

On February 17, 2009 President Barack Obama signed the “American Recovery and Reinvestment Act of 2009” (“ARRA of 2009) into law.  Section 1251 of the bill temporarily reduces the recognition period for “built-in” gains tax (BIG tax) on S Corporations from 10 years to 7 years for the 2009 and 2010 tax years. Why is [...]

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How to Defer Capital Gains When Selling Your Business or Real Estate Without a 1031 Exchange

Those of us who own businesses, corporations, and commercial or residential investment real estate assets are often reluctant to sell because of capital gains taxes associated with the sale. But what other choice do we have other than a property exchange directed by a Qualified Intermediary? Is there another way to deal with the capital [...]

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Four Time Tested Tips to Business Economic Survival

These time tested techniques will do much to enlighten you to discover “hidden information” and relevant data as you prepare your 2008 Year-End Income Tax Returns. Whether you are a C Corporation, S Corporation, in Ministry, an LLC or LLP, Partnership or proprietorship looking beyond the numbers is the best way to discover critical and [...]

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Evaluating Being a S Corporation vs. a Limited Liability Company / LLC

Choosing an Entity Type Which is Best for You and Your Business. If you have just made the hardest decision of opting to go into business for yourself or if you have owned your own business for years, having a working knowledge of how your overall tax bill is determined can cost or save you [...]

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CPA Teaches Tax Payment And Filing Responsibilites

CPA Teaches Your Tax Payment/Filing Responsibilities Paying Your Taxes/Extensions…The IRS Requires us to Pay as We Go Since World War II, the IRS has been a pay as you go system. Prior to that time, the IRS simply collected their monies at the end of the year when one’s annual tax return was filed. Many [...]

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How to Buy an Accounting or Law Firm

So you want to buy an accounting or law firm?  There are many details that you will need to attend to in order to take over a law firm for sale or other type of legal business for sale.  Locating a CPA firm for sale or accounting companies for sale can be quite a challenge.  [...]

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How Will The Pre-Budget Report Impact Your Business?

If you’ve been paying any sort of attention to the news this week, you’ll probably be aware that the Chancellor released his pre-budget report on Monday. This report is likely to have a major impact on your business, whether or not you are VAT registered.  I’ve outlined the main points below: VAT From Monday 1st [...]

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Don’t Lose Your Life Savings When Buying A Business!

Many of the things that need to be considered when deciding to buy a business apply to any purchasing decision.  It is all about striking a sensible balance between risk and reward.  Consider a situation where you go into a store and buy something for $5, you get it home and find that it does [...]

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Top 10 Business Valuation Mistakes

As a business owner the business valuation process seems like a big black box. You insert lots of information into it and several weeks later you get a very thick and confusing report that tells you how much your business is worth. The problem is you don’t understand the process or the report and don’t [...]

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Get Paid Promptly – 10 Practical Tips to Improve Your Cash Flow

“Cash is king!” And, running out of cash is the most common reason that businesses fail. This article is about practical tips to reduce your risk that slow or late-paying customers will cause a cash crunch in your business. Finding out that a customer for whom you’ve just done a large project has gone into [...]

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How LLC’s Can Convert To An S Corporation Saving Owners Big $

Atlanta CPA on How LLC’s Can Convert To An S Corporation Saving Owners Big Dollars LLC’s came in vogue approximately fifteen years ago when the state of Georgia enacted legislation allowing LLC’s (Limited Liability Company’s) to be established. Although the LLC does allow for some greater flexibility and ease of operation it often results in [...]

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Tax Effects of Entity Choice of Incorporating in Georgia

Among the different ways of incorporating your business – C corporations, S corporations, and Limited Liability Corporations – there are practical reasons for choosing a given method, such as the number of shareholders or liability considerations. For many small business who are considering incorporating in Georgia, the tax advantage of the S corporation should not [...]

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Choosing a Business Entity Type

The Advantages and Disadvantages of Incorporating as a Subchapter S Corporation, C Corporation, Limited Liability Corporation or Partnership When looking at what type of entity your business should be, we strive to balance the legal protection issues vs. the tax savings. Over the years, we have developed the mindset that there is no perfect election [...]

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