by apexcpas | Jan 24, 2022 | Business Strategies
It’s no secret this tax season is going to be messy- the IRS is starting the season off with a MAJOR backlog! There is a backlog of at least 10 million unprocessed returns from last year. By comparison, the IRS usually enters the tax-filing season with...
by apexcpas | Nov 17, 2021 | Business Strategies
Many people may have financial statements or a balance sheet in front of them, but they do not know what they should be looking for. The financial statements can be seen as a maze as there is so much information and people do not know where to start looking first. ...
by apexcpas | Nov 17, 2021 | Business Strategies
Small businesses move from an in-house accounting to an outsourced accountant team as a business matures. According to Clutch.co, 27% of small businesses outsource accounting within the first year of a new owner or management team. That percentage increases to 51%...
by apexcpas | Nov 10, 2021 | Business Strategies
As a CPA, I have always been intrigued by what drives business value a lot and some worth very little. How can two businesses appear to be equally profitable but the values are so different? I have invested my entire career toward helping growth minded...
by apexcpas | Jun 2, 2021 | Business Strategies
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 temporarily increased the deduction of business meals from 50 percent to 100 percent for 2021 and 2022. This deduction applies to food and drink provided by restaurants. In this instance a “restaurant” is...
by apexcpas | May 11, 2021 | Business Strategies
On March 11th 2021 the American Rescue Plan Act created a $28.6 billion fund for restaurants called Restaurant Revitalization Fund (RRF). This fund is set to provide grants to restaurants and other eligible businesses by providing grants equal to their financial loss...