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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

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!

Leasing Equipment vs. Buying Equipment for your Business

By Froehling Anderson | Mar 12, 2019

When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications.

Reporting Stock Compensation Paid to Non-employees

By Froehling Anderson | Mar 6, 2019

Good news for businesses that pay contractors and consultants with stock or stock options: The accounting rules for stock-based compensation have been simplified. Under recent guidance issued by the

Home Office Deductions: Actual Expenses vs. the Simplified Method

By Froehling Anderson | Feb 25, 2019

Business owners may be able to save tax with the home office deduction. But will you save more by claiming actual expenses or using the simplified method?

Auditing Cashless Transactions

By Froehling Anderson | Feb 21, 2019

Who pays with cash anymore? Many customers prefer electronic payment methods, such as credit cards, PayPal, Venmo or even Bitcoin. But modern forms of payment require a modern audit approach.

What LLC Members Need to Know About Self-employment Tax

By Froehling Anderson | Feb 19, 2019

Limited liability company (LLC) members may be subject to back taxes and penalties if they underpay self-employment tax. Find out if your business could be at risk.

C Corporation Tax Truths

By Froehling Anderson | Feb 5, 2019

Most C corporations are seeing a significant tax cut under the Tax Cuts and Jobs Act (TCJA). But there are still certain tax vulnerabilities for these entities that haven’t changed much. Check out

Possibility of Larger Deductions for Business Miles this Year

By Froehling Anderson | Jan 17, 2019

Businesses generally can determine their vehicle expense deductions either by calculating the actual expenses or using the IRS’s standard mileage rate, which has increased for 2019. Your business may

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I have never gotten so much accomplished with my last accounting firm in the last two years as I have with Froehling Anderson. You make me feel so good about the decision we made to go with your company! I really appreciate your taking the time to go through all of this with me. You make me feel so much better!

Cindy L

After years of bad experiences with CPAs, Froehling Anderson has been an absolute opposite and amazing experience for my company and personally. Prompt communication, promises kept, easy to understand communications, and actual regular consultation. I highly recommend Froehling Anderson CPAs to any business owner. Gail and her team are aware of the issues professional anglers face, so they were familiar with our situation. They started by helping us separate our professional and personal finances, and gave us an easy way to track and categorize our expenses. They helped us meet tax deadlines and get up to speed on current filings. Soon, we felt much less anxious about our finances. What a relief!

Kevin C.

We’ve stayed with Froehling Anderson through the years because they are relatively consistent employees and workforce; their top management is stable and consistent.

Bill S.

Working with Froehling Anderson means I can sleep at night. If I’m audited, I’m confident in the work and that Froehling Anderson will be on my side.

Jack V.

My first impression of Froehling Anderson is they know how to maximize profit and minimize tax liabilities.

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