• Skip to content
  • Skip to primary sidebar

Header Right

  • Home
  • About Us
  • Contact

Do Nonprofits Ever Pay Taxes?

February 25, 2021 by Edgar Gomez

When you think about a nonprofit, the first thing that often comes to mind is that it is tax-exempt. Most nonprofits are not subject to federal, state, and local income tax. Does that mean nonprofits are completely free of ANY tax liability? The answer to this is likely no – there are still some taxes […]

Filed Under: Tax

The Concept of Independence in Accounting

February 11, 2021 by Edgar Gomez

Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This opinion takes the form of a report that can be shared with third parties such as […]

Filed Under: Accounting, Business Tips

How to Make Estimated Tax Payments

January 27, 2021 by Edgar Gomez

If you are paid a salary and receive a W-2 from your employer, part of your paycheck goes to Uncle Sam as federal withholding. These are payments toward your taxes. If you earn additional income beyond your salaried income, if you are under-withheld, or if you have your own business, you may need to make […]

Filed Under: Tax

Should Your Business Become Cash-Free?

January 14, 2021 by Edgar Gomez

A cashless business is one that processes all cash transactions electronically. There is no paper or coin money taken or handled. While no one society has become 100 percent cashless yet, most organizations are moving in that direction. A business can become cash-free by providing multiple electronic alternatives to payment.  Credit cards are the most […]

Filed Under: Business Growth, Business Tips

ABLE Accounts – Final Regulations

December 31, 2020 by Edgar Gomez

ABLE (Achieving a Better Life Experience) accounts are for eligible individuals with a disability – they are tax-favored savings accounts to which contributions can be made to help pay for qualified disability expenses. The IRS recently released final regulations providing guidance related to various issues surrounding the requirements for 529A ABLE accounts. ABLE accounts were […]

Filed Under: Tax, Tips

The Power of Listening

December 17, 2020 by Edgar Gomez

Now, more than ever before, the act of listening is important. Not only is it important to listen to someone, but to effectively listen to them. Sure, we all know that in order to understand individuals, to connect with them and understand their wants and needs, we need to be alert, focused, and mindful. After […]

Filed Under: Business Growth, Personal Development

  • Page 1
  • Page 2
  • Page 3
  • Page 4
  • Next Page »

Primary Sidebar

Search

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • February 2020

Categories

  • Accounting
  • Business Development
  • Business Growth
  • Business Tips
  • Cool Tech Tools
  • Cost-Saving Tips
  • Marketing Tips
  • Personal Development
  • Real Estate
  • Tax
  • Tips

Copyright © 2021 · https://www.egomezcpa.com/blog