Corporate books and records

Are you a C-Corp, S-Corp or an LLC? If you are a C or S-Corp, you have corporate responsibilities that need to be addressed at least annually.  You need to have an annual meeting where directors are elected: President, Vice-President, Secretary and Treasurer.  If you...

Magic Relationships

Businesses and people tend to have professional relationships that should be maintained and cultivated.  Working closely with all five and address most issues well before those become problems. These relationships are: Banker Insurance agent Financial Advisor Attorney...

Anchor

It is said that taxes are the anchor, but not the value of a CPA relationship.  I have to agree with that statement. We look at our client relationship as their most trusted advisor, so we treat clients to a high standard. Not all clients want a “most trusted...

Everything is deductible

We started working with a new client and we were working through the company credit card charges.  A number of the items looked to be personal items. So, we contacted the client, and it was his stance that everything is deductible, and the chance of an audit is slim....

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