by Reconciled | Jan 25, 2021 | Bookkeeping, Budget, Financing, Small Business, Taxes
The cannabis industry is growing, but it still faces some challenges, including accounting. The industry as a whole is fairly new, which comes with its own set of hurdles. However, accounting services for cannabis dispensaries have different steps and techniques than...
by Reconciled | Apr 19, 2019 | Bookkeeping, Income Statements, Small Business, Taxes
The year-end is over. But you are most likely still closing out your books for the corporate income tax return and finalizing financial statements for the year. Accountants enjoy these details. They enjoy all accounting-related stuff and making sure that the books and...
by Reconciled | Apr 9, 2019 | Bookkeeping, Cash Flow, Small Business, Taxes
A new 20-percent deduction is available for qualified, pass-through business income. This deduction is a welcomed relief to the closely held and/or small business owners. The Qualified Business Income Deduction or Provision 11011 Section 199A of the Tax Cuts and Jobs...
by Reconciled | Feb 12, 2019 | Bookkeeping, Taxes, Tips and Timesavers
Tax season is upon us again. Have started your business preparation for tax season? If you answered “no,” don’t worry. You’re not the only one. Tax season sneaks up quickly every year, and if you run a business, you probably already know how much business preparation...
by Reconciled | Jan 29, 2019 | Bookkeeping, Small Business, Taxes
The curb appeal of homes and businesses has been impacted by Hurricane Michael on October 10, 2018. Reporting the tax loss to the IRS is part of the financial recovery process that the taxpayer will need to do in the 2018 or maybe the 2017 income tax returns. The Tax...
by Reconciled | Jan 4, 2019 | Taxes
It’s 2019! And with the start of the New Year, comes a new tax season! With the newly enacted Tax Cuts and Jobs Act (TCJA), nearly every business’s bottom line will be affected differently. The differences are from previous years with the changes to the tax code. 1....
