by Layne Bodily | May 18, 2022 | Financial Planning
This is the first in a series of articles to help businesses better understand their financial statements and how they can be used to help you run your business, make better business decisions, and plan for growth. We talk a lot about running a business by the...
by Team FBPCPA | Feb 25, 2022 | Financial Planning, Personal Financial Insights, Taxes
What You Need to Know to File Your 2021 Taxes Correctly Child Tax Credits The IRS began distributing advances on taxpayers’ Child Tax Credits on July 15, 2021. If you chose to receive the advances it is important that you report these correctly on your 2021...
by Team FBPCPA | Jan 6, 2022 | Financial Planning, Personal Financial Insights, Taxes
As we begin another year of uncertainty, it is more important than ever to devise a budget, understand cash flow and build a tax plan. Everyone is familiar with tax preparation, the act of preparing your tax returns and filing them with local, state, and federal...
by Tyler Fates | Nov 12, 2021 | Financial Planning, Personal Financial Insights, Taxes
IRAs are Individual Retirement Arrangements. There are several types of IRAs with differing contribution limits and earnings thresholds. Funds for an IRA must come from employment earnings. More information about all IRAs and their regulations can be found on the IRS...
by Team FBPCPA | Oct 22, 2021 | Business Insights, Business Planning, Business Resources
Fractional CFO, Part-Time CFO, Virtual CFO: What They Are and When You Need One There are many terms bandied about when it comes to the position and outsourcing of a Chief Financial Officer (CFO). It is easiest to start understanding these terms by getting a firm...
by Team FBPCPA | Oct 8, 2021 | Business Insights, Business Planning, Business Resources
Start Budgeting for 2022 Now If the last two years have taught us anything, it is that nothing is certain. However, that doesn’t mean we should not plan. In fact, planning and budgeting is more crucial than ever. We can take lessons learned from upheaval and...
by Team FBPCPA | Sep 24, 2021 | Business Insights, Business Planning, Personal Financial Insights, Taxes
Common Mistakes When Providing Information to Your Tax Preparer Missing information, incorrect information or partial information can lead to delayed tax filing and delayed refunds. Below is a list of the most common mistakes we see when individuals and...
by Team FBPCPA | Sep 10, 2021 | Business Insights, Business Planning, Personal Financial Insights, Taxes
Cryptocurrency and Your Taxes 2021 has been the year of cryptocurrency, in terms of news as well as new holders. More businesses are accepting various coins for transactions, and this is expected to increase through the rest of 2021 and beyond as sites such as...
by Team FBPCPA | Aug 23, 2021 | Business Insights, Business Planning, Taxes
Child Tax Credits Advances and Your 2021 Taxes The IRS began distributing advances on taxpayers’ Child Tax Credits on July 15, 2021, as part of the American Rescue Plan passed in March. Taxpayers have the option of opting out of the advance payments. If you have not...
by Team FBPCPA | Aug 5, 2021 | Business Insights, Business Resources, Taxes
PPP—Now What? Now is a good time to clear up any lingering questions you may have regarding PPP loans. Forgiveness periods are ending and the window for new loans has closed. Below we have broken down some of the main points that you need to know about filing for...
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