If you are looking to upgrade your tax and accounting services so you can get control of your finances, the next step is to schedule a free meeting. We call this a discovery meeting because we want to learn about your business, your goals, and how you track your business finances. We also need to […]
What Can I Expect When I Schedule a Free Meeting With Bearden Stroup CPAs? Read More »
Just a few days ago, Congress passed a huge piece of tax legislation, the “One Big Beautiful Bill,” that reinstates 100% bonus depreciation! If you are a small business owner, this can add up to some beautiful savings if you use the right tax-planning strategies when you buy qualifying business property like machines, equipment, vehicles
100% Bonus Depreciation is Back, Baby! Read More »
We’ve been waiting in anticipation for a few years now about what the extension of the Trump tax reform Tax Cuts & Jobs Act would look like. Now it’s here – the One Big, Beautiful Bill Act. Setting other issues aside and focusing just on the tax law provisions, we’re fairly happy with the bill.
One Big Beautiful Bill Act – What It Means for You as an Individual Taxpayer Read More »
We’ve been waiting in anticipation for what the extension of the tax law would be in the 2nd Trump administration. Now it’s here – the One Big, Beautiful Bill Act. Focusing just on the tax law provisions, we’re fairly happy with the bill. The OBBBA generally extended all the provisions of the Tax Cuts &
One Big Beautiful Bill Act – What It Means for Businesses Read More »
Have you ever checked your bank balance and found that it is alarmingly low, and yet your financial statements are still showing a profit? This is a point of frustration and confusion for many business owners . To solve this mystery, you need to understand the difference between cash flow and profit. This article will help you
Understanding the Difference Between Cash Flow and Profit Read More »
Employees don’t just stay at a job because of a paycheck—they stay because they feel seen, valued, and part of something worth showing up for. Celebrating wins, showing appreciation, and sprinkling in some fun perks can go a long way in building that kind of culture.
Beyond the Paycheck: Why Non-Cash Methods Are Essential for Motivating Employees Read More »
Many small business owners struggle to make real progress toward their long-term goals because they’re too involved in day-to-day tasks. It’s a common trap—believing that because you can do something better than others, you have to be the one who does it. But real growth happens when you learn to let go of perfectionism, delegate
Move Your Business Forward: 5 Steps to Focus on Long-Term Growth Read More »
Getting audited by the IRS is a HUGE HASSLE that no one wants to deal with. The good news is… by working with a skilled accountant, you can significantly reduce your chances of being audited. From choosing the right tax status to ensuring accurate and compliant return preparation, accountants play a crucial role in protecting
Today we are talking about sending Form 1099-NEC. It seems like a minor detail, but not sending 1099s can lead to serious consequences. As a small business owner, it’s easy to get distracted from sending 1099 forms to vendors and independent contractors. We can help, but we need some info from you as well. Here’s
Why 1099s Aren’t Optional for Small Businesses Read More »
File the Election with the IRS: Your LLC or corporation must file a form with the IRS to actually elect to be taxed as an S corporation.
Step-by-Step Guide for How to Become an S Corporation Read More »
