Blog Archives
Reading Time: 4 minutes According to the IRS Revenue Ruling 2012–18, tips and service charges are two different things that have their own tax implications. To compensate employees and
Reading Time: 3 minutes Despite the fact that 70% of small firms are focused on enhancing their financial stability, almost 30% of them still experience negative cash flows as
Reading Time: 5 minutes All companies need to comply with the standard regulations set by the regulatory institutes. For example, financial statements must be made in accordance with the
Reading Time: 5 minutes Employee benefits accounting involves complex documentation, financial planning, and specific rules and regulations to adhere to. We have gathered some general advice to deal with
Reading Time: 5 minutes Most business owners try to use Excel rather than true accounting software like Quickbooks to save costs. However, nearly every business owner reaches a point
Reading Time: 2 minutes The break-even point is defined as a limit when the overall costs and total revenue are equal. In simple terms, when the business is neither
Reading Time: 6 minutes Business owners spend hours attending meetings with the accounting department. Since cash flow is one of the important aspects of any business, every business owner
Reading Time: 5 minutes If you are a Canadian and running an e-commerce business in the U.S., you are subject to pay different taxes depending upon your activity in
Reading Time: 4 minutes People often confuse themselves between payroll and Income tax. Both are employment taxes but differ in various ways. Income tax is paid by employers whereas
Reading Time: 4 minutes The IRS has millions of tax refunds to process, which is why it could take longer than expected to get your refund. The IRS usually
With our expert team, strong code of ethics, clear vision and passion, we strive to meet our clients’ financial goals
For assistance in planning and transferring your US assets to Canada please contact our colleague Phil Hogan, CPA, CA, CPA (CO) at 250-661-9417 or via email at phil@philhogan.com
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