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Why You Should Consider a Roth 401(k) Plan

Why You Should Consider a Roth 401(k) Plan

By Froehling Anderson | Jun 11, 2019

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth

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Professional Standards for CPAS

Professional Standards for CPAS

By Froehling Anderson | Jun 3, 2019

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of

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Properly Classifying Workers: Employee vs. Independent Contractor

Properly Classifying Workers: Employee vs. Independent Contractor

By Froehling Anderson | May 31, 2019

To save money, your business may treat workers as independent contractors, rather than employees. Be aware that the IRS looks for businesses that improperly classify workers. It’s best to handle

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What Entrepreneurs Need to Know About Tax Returns

What Entrepreneurs Need to Know About Tax Returns

By Froehling Anderson | May 20, 2019

Starting a new business can be a hectic, exciting and expensive time. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. Some may have to be

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What Type of Expenses Can’t Be Written Off by your Business?

What Type of Expenses Can’t Be Written Off by your Business?

By Froehling Anderson | May 6, 2019

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you

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When Should You Report Subsequent Events?

When Should You Report Subsequent Events?

By Froehling Anderson | Apr 23, 2019

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have

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Outsourced Accounting Services — Part 1

Outsourced Accounting Services — Part 1

By Froehling Anderson | Apr 18, 2019

It seems like every day we hear about more businesses who are outsourcing their accounting. For many business owners it can be a hard to let go of their internal accounting department, especially

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What You Need to Know About Merger and Acquisition Transactions

What You Need to Know About Merger and Acquisition Transactions

By Froehling Anderson | Apr 2, 2019

Buying or selling a business may be the most important transaction you ever make. So it’s important to seek professional tax advice as you negotiate. After a deal is done, it may be too late to get

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Small Business Owners can still make SEP Retirement Plan for Last Year

Small Business Owners can still make SEP Retirement Plan for Last Year

By Froehling Anderson | Mar 14, 2019

Are you wishing you’d set up a retirement plan for your small business for 2018? Believe it or not, you may still be able to do so, and also reduce your 2018 tax liability!

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