Business or Hobby Income?
September 09, 2016
It’s important to distinguish between what is considered a hobby activity and what is considered a business activity for your tax return. For a business, you can deduct any expenses that occurred as long as the expenses are both ordinary and necessary...
Controllers for Hire
August 05, 2016
I read an AICPA article once about the importance of having CPAs in your C-Suite. Why? CPAs are increasingly involved in strategy execution and value creation activities. CPAs have a very high level of professional competence, are found to be...
The Evolution of Small Business Accounting
August 04, 2016
Accounting as we have known it is changing. In addition, the small business model is rapidly changing and the most successful small businesses may be the ones that embrace change.
In the past, accountants typically gave their clients monthly...