Tax planning is a strategic approach to managing financial affairs to minimize tax liabilities and maximize tax benefits. It’s a proactive process that involves evaluating various tax strategies to ensure you take advantage of all available deductions, credits, and exemptions. This goes beyond simply preparing an income tax return; it requires a comprehensive understanding of […]
What is Tax Planning? Read More »
Today, we’re going to simplify two very important financial statements for your business: The Income Statement (also called the Profit and Loss Statement) and the Balance Sheet. If you’re a small business owner, understanding these can make a huge difference in how you manage and grow your company. Imagine you’re on a road trip. You
Demystifying Financial Statements: What Every Small Business Owner Needs to Know Read More »
Navigating which tax return to file for your business can seem daunting, but as an experienced business CPA firm, Bearden Stroup & Associates CPA is here to simplify the process with our experienced business consultants! When deciding on the appropriate business tax form, consider the following: Here’s a quick guide to help you: If you
What Tax Return Do I Need To File For My Business? Read More »
Expert financial guidance is essential for success in today’s rapidly changing business landscape. The complexity of today’s labor market economic environment demands more than just accounting knowledge; it requires strategic planning, tax optimization, and management insight. This is where Bearden, Stroup, & Associates CPA, a premier business CPA firm and consultant, becomes invaluable to businesses
5 Reasons Your Business Needs a CPA Firm Specializing in Business Consulting Read More »
Secure Act 2.0 created some exciting new tax credits for small businesses related Employee Pension Plan costs. Although the terminology used in the legislation is “Pension Plan”, this credit applies to many types of business retirement plans including the Simplified Employee Pension (SEP plan), SIMPLE IRA, and 401k plan. Many small business employers want to
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Payroll is often the business equivalent to “washing the dishes.” It isn’t glamorous. But if it isn’t done you don’t get to serve dinner. (Or in this case, you don’t get to continue operating as a business!) In this article, we delve into the complexities of payroll management and how our expertise can simplify this
Key Takeaways: Navigating the realm of taxes is crucial for any small business, playing a vital role in financial health and compliance. Efficient tax filing ensures adherence to legal obligations and positions a business for optimal financial performance. Understanding and managing taxes can be particularly challenging for small businesses due to the complexity of tax
The Complete Guide to Small Business Tax Filing: Tips from Expert CPAs Read More »
