by Brian Hare, CPA, CGMA | Jul 21, 2021 | Business
The COVID-19 pandemic has dramatically affected the way people interact and do business. Even before the crisis, there was a trend toward more digital interactions in remote sales. Many experts predicted that companies’ experiences during the pandemic would accelerate...
by Brian Hare, CPA, CGMA | Jul 20, 2021 | Tax
Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020 through June 2021, the U.S. Census Bureau reports that business applications are up 18.6%. The Bureau measures this by the...
by Brian Hare, CPA, CGMA | Jul 16, 2021 | Business
No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong and steady inflow of cash, even the most wildly successful company will likely stumble and could even collapse....
by Brian Hare, CPA, CGMA | Jul 13, 2021 | Business
There’s a harsh tax penalty that you could be at risk for paying personally if you own or manage a business with employees. It’s called the “Trust Fund Recovery Penalty” and it applies to the Social Security and income taxes required to be withheld by a business from...
by Brian Hare, CPA, CGMA | Jul 7, 2021 | Tax
The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for IRS audits these days, that will be little consolation...
