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...
by Team FBPCPA | Jul 13, 2021 | Business Insights, Business Resources, Taxes
Guide to Schedule E The following is a guide to the IRS Schedule E. This is used to report supplemental or passive income* or loss from: Real Estate Rentals Royalties Partnerships and S Corporations Estates and Trusts REMIC Profit and Loss There are limits on losses...
by Team FBPCPA | Jul 8, 2021 | Business Resources
The following is a guide to allowable business expenses that can be deducted from your income taxes using Schedule C. If you have any questions about whether you are taking full advantage of these deductions, or need more information, please contact us. ...
by Team FBPCPA | Jun 30, 2021 | Business Insights
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in...
by Team FBPCPA | Jun 30, 2021 | Business Insights
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in...
