2 min read
Business Owners, Your Financial Statements Are Trying to Tell You Something
Business owners are commonly and rightfully urged to generate financial statements regularly in compliance with Generally Accepted Accounting...
Accounting and payroll resources for small business owners.
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2 min read
Business owners are commonly and rightfully urged to generate financial statements regularly in compliance with Generally Accepted Accounting...
4 min read
Are you planning to take a business trip this year? If your destination is known for its cultural or recreational attractions, you might want to...
4 min read
The number of people being audited by the IRS isn't that high. For many years, less than 1% of taxpayers undergo face-to-face audits (although...
3 min read
C corporation owners often need to take cash out of the business to pay personal expenses or to shield excess cash from creditors. Paying dividends...
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As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is...
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Navigating the landscape of accounting and payroll decisions is an essential choice for small business owners. There are advantages to bringing these...
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Running a small business requires you to understand the financial health of the business. Most people know that a business’s financial statements...
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One of the most common statements we hear from prospective clients is, “I don’t know what services my business needs.” At first glance, accounting...
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If you've considered setting up a retirement plan for your employees and decided it was too costly or too much trouble, there is an alternative. No...
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There is generally no one legal structure that works best for all businesses. The most favorable choice depends on a number of factors, including the...
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With the 2024 tax year right around the corner, there's good news coming from the IRS. According to a recent announcement from the tax agency (Notice...
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Over the years, McDonald's has been able to sell hundreds of billions of hamburgers. The business started with a single drive-in burger stand started...
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When you start a small business, many items are on your to-do list. While bookkeeping, accounting, taxes, and payroll may not be your favorite...
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The holidays are often referred to as "the most wonderful time of year" — and, for some people, that's due in part to their year-end bonuses. While...
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We believe that investing in good accounting processes can benefit most small businesses. While we love helping small business owners, not everyone...
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Launching a new business can be a daunting endeavor. As soon as you form the company, you'll face many important decisions — ranging from the mundane...
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The strength of every business is its people. But if your top managers aren't getting the most from their respective teams, your company is operating...
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It's the goal of every boss: Hire the right person to fit the right job. To achieve this goal, put more time and energy into a job analysis, which...
1 min read
Profit growth and business expansion are two key goals for many family businesses. In order to successfully reach your targets, however, you must...
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Tax-favored fringe benefits can help your business attract and retain skilled workers. One benefit that's been around for decades and is typically...
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As year-end approaches, small business owners should review their tax situations to determine ways to lower federal income taxes for the current tax...
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Each accounting firm or service provider has their own way of operating and serving their clients. While the goal for each is ultimately the same,...
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Running a small business requires the owners to juggle a lot. These tasks can take up much, if not most, of your time. So, it can be hard to keep...
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If you have a backlog of projects piling up because there just aren't enough hours in the day, you may consider hiring interns to help you get caught...
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Tax season is long over, but tax scams are thriving. The IRS is warning taxpayers about emails and text messages that promise refunds and credits but...
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The Setting Every Community Up for Retirement Enhancement (SECURE) Act brought numerous changes to the retirement and estate planning landscape in...
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Some taxpayers may be unaware of all the federal tax reporting requirements for cryptocurrency transactions — especially when it comes to issuing and...
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TMA Accounting has been helping small businesses with their bookkeeping for nearly 25 years. While a lot can happen in 25 years, we appreciate our...
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When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore...
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TMA determines our regular fees based on a formula we’ve developed that considers the volume and complexity of the work to be performed. This...
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Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this...