All of the information you need, right here, right now.
Reading Time: 3 minutesFor those Canadian businesses wishing to expand their operations into the United States, there are several challenges they will need to work through during the
Reading Time: < 1 minuteMileage rates have changed. Through June 2022 it’s 58.5 cents per mile, and after it’s 62.5 cents per mile
Reading Time: 5 minutesLearn how to write off the cost of doing business, interest, professional fees, health insurance, marketing, commute, and more
Reading Time: 4 minutesStarting a business is an exciting and overwhelming experience. Understanding what tax deductions are available in your first year will help you avoid tax headaches
Reading Time: 5 minutesLearn about standard mileage rate, actual expense method, and how to get the most out of vehicle tax deductions
Reading Time: 3 minutesWrite off travel, marketing, inventory, payroll, and claim deductions for your content creation career
Reading Time: 3 minutesRecession-proofing means getting updated financial reports, speaking with your accountant about your goals, forecasting and budgeting, and diversifying
Reading Time: 3 minutesCost basis analysis and calculations and how they affect your taxes.
Reading Time: 3 minutestelehealth medical professionals and accounting
Reading Time: 3 minuteshiring an accountant for your doctor or dentist practice
Reading Time: 3 minutesLearn how new expense limits, QBI, pass-through entity rates, and minimum wage affect businesses at the local and state level
Reading Time: 4 minutesHow computers, software, motor vehicles, and homes used for personal and business purposes are taxed
Reading Time: 3 minutesIn 2021, we’ll see a decline in traditional employment models, sustainability issues will become more important, and social media will be a must
Reading Time: 3 minutesGet tax breaks with Section 179 for deducting 100% of a large purchase in one year, Cost Segregation, Bonus Depreciation.
Reading Time: 4 minutesMyRA, SEP-IRAs, Simple IRA, Simple 401(k), Solo 401(k), and retirement plans for small business
Reading Time: 4 minutesUnderstanding the Difference of Being Paid Under the Table and Being Paid in Cash Know For starters, you have to first understand that you are
Reading Time: 4 minutesDifferences between tax deductions and tax credits, and how they save you money
Reading Time: 3 minutesTechnically speaking, you can’t realize and list your tools and equipment expenses and deductions as business expenditure before you even embark on starting your business.
Reading Time: 3 minutesKnow the tax issues of selling a home that includes a home office you’ve claimed
Reading Time: 3 minutes14 day tax-free loophole on rental income, how it works.
Reading Time: 4 minutesprotect your small business against a trade war and tariffs
Our CPAs build an accounting process that is modern, efficient, and has the reporting capabilities you need.
Regular reports ensure you get the oversight you need to be comfortable, without being involved in the day-to-day.
Easily submit any documents remotely through our secure online portal, and we’ll take it from there.
We believe in building strong, long-term client relationships, holding ourselves to a high standard of accountability when it comes to client work, providing excellent communication, and receiving ongoing feedback from our clients.
With unparalleled guidance, cost-saving entity structures, and forecasting built on experience, you’ll get the benefit of CPAs that know the ins and outs of how your industry works.
Get 360° accounting services that offer full support and coverage of every aspect of your business.
We offer everything from granular, data-entry support to high level accounting strategy. Don’t see the service you need listed? Just ask!
Maintain a complete picture of your transaction history and financial health. Our team adheres to strict accounting standards, ensuring accurate and up-to-date books with a financial trail that is straightforward and easy to follow.
Our bookkeeping and accounting reports offer a detailed and accurate look at the complete financial health of your business. From regular reports to real-time insights, our approach to accounting is always data-driven
Unlock the full power of your accounting software with a fully-integrated software setup. Ensure regular and easy instant-generated reports with unquestionable accuracy in every line item
Regular tracking and management combined with inventory audits, evaluations, and reports help you optimize your inventory levels, track performance, and make critical decisions
Get paid on time and stay up to date with vendor payment with invoicing services focused on accuracy, timeliness, and strategy. Our team implements tools and approaches that ensure accounts payable and accounts receivable are in good health
Payroll services from the top down means your business gets the labor reports it needs while your employees and contractors are paid on time. Our team follows regulations and focuses on accuracy, offering well-rounded payroll services to the highest standard.
Get 360° accounting services that offer full support and coverage of every aspect of your business.
We offer everything from granular, data-entry support to high level accounting strategy. Don’t see the service you need listed? Just ask!
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or phil@philhogan.com
