The landscape of accounting standards is ever-evolving, with continuous updates and modifications that can significantly impact businesses. In this blog post, we will delve into the intricacies of navigating changes in accounting standards and explore what businesses need to know to stay ahead in this dynamic environment.

Tax season can be a daunting time for small business owners, but with the right knowledge, it can also be an opportunity to maximize savings. As a small business owner, understanding the ins and outs of tax deductions is crucial for optimizing financial outcomes. In this comprehensive guide, we will delve into the key tax deductions that every small business owner should be aware of, providing insights and strategies to help you navigate the complexities of the tax code.

In the fast-evolving landscape of accounting, staying ahead of the curve is not just an advantage; it's a necessity. As we step into the future, the accounting industry is undergoing a transformation driven by technological advancements, changing regulations, and shifting client expectations. In this blog, we will delve into the emerging trends in accounting that professionals and businesses need to embrace to thrive in the years to come.

Dear Client:

Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost of doing business. The same goes for taking business associates or even employees out to lunch once in a while after an especially tough assignment has been completed successfully. It is easy to think of these entertainment costs as deductible business expenses. However, due to a recent change in the tax law, many of those expenses may not be deductible.

Taxpayers who use their home for business may be eligible to claim a home office deduction. It allows qualifying taxpayers to deduct certain home expenses on their tax return. This can reduce the amount of the taxpayer’s taxable income. Here are some things to help taxpayers understand the home office deduction and whether they can claim it:

In today's rapidly changing business landscape, sustainability isn't just a buzzword—it's a critical component of long-term success. As a business owner, you're likely already aware of the importance of sustainable practices for the planet and your bottom line. But how can you effectively integrate sustainable business practices and ensure accurate financial reporting? That's where our accounting services come into play. In this blog, I'll explore how Findon & Associates, a trusted CPA firm in Pittsburgh, Pennsylvania, can help you achieve sustainable financial success through expert financial reporting and accounting services.

Running a company during COVID-19 has been challenging for millions of entrepreneurs across the country. Consequently, the government has stepped in with a stimulus package to provide tax rebates and safeguard employment.

Original Article Source Credits: investopedia, https://www.investopedia.com 

Article Written By:  AMY FONTINELLE 

Original Article Posted on:  Feb 4, 2021

Link to Original Article: https://www.investopedia.com/articles/tax/09/self-employed-tax-deductions.asp

Original Article Source Credits: CPA practiceadvisor, https://www.cpapracticeadvisor.com

Article Written By: NA

Original Article Posted on: Jan 27th, 2021

Link to Original Article: https://www.cpapracticeadvisor.com/tax-compliance/news/21207772/8-tax-tips-for-2021 

Original Article Source Credits: IRS, https://www.irs.gov

Article Written By: NA

Original Article Posted on: January 28, 2021  

Link to Original Article: https://www.irs.gov/newsroom/2021-tax-filing-season-set-to-begin-february-12

Original Article Source Credits:   U.S. Small Business Administration , https://www.sba.gov/

Article Written By:  NA

Original Article Posted on:  NA

Link to Original Article:  https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

Original Article Source Credits:   The Motley Fool , https://www.fool.com/

Article Written By:  Dan Caplinger

Original Article Posted on:  Dec 28, 2020 

Link to Original Article:  https://www.fool.com/taxes/what-are-the-key-irs-tax-changes-for-2021/

The coronavirus relief bill passed by Congress includes many tax provisions, including the extension of various expiring provisions, extensions and expansions of certain earlier pandemic tax relief provisions, and much more.

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  November 4, 2020

Link to Original Article:  https://www.irs.gov/newsroom/irs-makes-it-easier-to-set-up-payment-agreements-offers-other-relief-to-taxpayers-struggling-with-tax-debts

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Tony Nitti

Original Article Posted on:  Nov 7, 2020

Link to Original Article:  https://www.forbes.com/sites/anthonynitti/2020/11/07/what-does-a-biden-presidency-mean-for-your-tax-bill/?sh=3882879544c2

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Beverly Bird

Original Article Posted on:  September 17, 2020

Link to Original Article:  https://www.thebalance.com/tax-preparation-fees-deduction-3192843

Original Article Source Credits:  CPA Practice Advisor , https://www.cpapracticeadvisor.com/

Article Written By:  NA

Original Article Posted on:  Sep 16th, 2020

Link to Original Article:  https://www.cpapracticeadvisor.com/tax-compliance/news/21154482/the-tax-blotter-sept-2020

Accounting is the systematic recording of financial transactions to track income, expenses, ensure statutory compliance, and offer management, investors, and the government quantitative financial information. These monetary details are also used to make critical business decisions, evaluate performance, and create budgets and future projections.

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Kelly Phillips Erb

Original Article Posted on:  Aug 20, 2020

Link to Original Article:  https://www.forbes.com/sites/kellyphillipserb/2020/08/20/irs-releases-draft-form-1040-heres-whats-new-for-2020/#5ee05a193356

Original Article Source Credits:   Journal of Accountancy , https://www.journalofaccountancy.com/

Article Written By:  Ken Tysiac

Original Article Posted on:  October 9, 2020

Link to Original Article:  https://www.journalofaccountancy.com/news/2020/oct/ppp-forgiveness-simplified-for-loans-50000-less.html?utm_source=mnl:alerts&utm_medium=email&utm_campaign=09Oct2020&utm_content=button