by Andrews Tax Accounting & Bookkeeping | Mar 27, 2019 | Educational, Tips
Photo courtesy of 401kcalculator.org What is the Difference Between an Accountant and a CPA? The short answer, not much. The big difference is CPA’s can prepare financial statements for audits. CPA certifications vary from state to state, the usual requirement is a...
by Andrews Tax Accounting & Bookkeeping | Jan 4, 2019 | Educational, Tips
Photo courtesy of TaxRebate.org.uk What changes should you lookout for this tax season? I’m glad you asked. The standard deduction has increased. The SALT deduction only goes up to $10,000. The child tax credit increased. Active members of the military are the only...
by Andrews Tax Accounting & Bookkeeping | Dec 19, 2018 | Educational, Tips
Mileage Rates Beginning next year, most mileage rates used to determine business deductions for the use of automobiles will go up. The rates for the use of an automobile in 2019 will be as follows: -58 cents per mile for business purposes Note: this rate cannot be...
by Andrews Tax Accounting & Bookkeeping | Dec 12, 2018 | Educational, Tips
Four Steps to Move to the Cloud Are you thinking about upgrading your accounting system to cloud accounting? You’re probably wondering what first steps should be taken? First off, make sure you know the inner workings of your legacy system. How did you organize...
by Andrews Tax Accounting & Bookkeeping | Dec 5, 2018 | Educational, Tips
Backing You Now in its second year, Intuit’s Backing You campaign has partnered with comedian Danny Devito to motivate small business owners to get on top of their books. The campaign showcases real small business owners getting tips from Danny Devito in short...
by Andrews Tax Accounting & Bookkeeping | Nov 28, 2018 | Educational, Tips
In 2016, New Hampshire tired to pass a bill to accept bitcoin as a tax payment but it was heavily denied at a rate of 264 to 74. In early 2018, Arizona tried to do the same thing but it was also shot down. Georgia is also trying to accept cryptocurrency for tax...
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