Profit Statements: The P&R Blog
Thinking of selling your business…?
Mark Patrick, CPA was featured in the UNF Spotlight newsletter. If you are thinking of selling your business, here are 4 ways to yield a large tax savings and/or better proceeds at closing! Tax Efficient Sale of Your Business
The Accountants signature on every Coke can
Here’s a fun fact to start out the new year! Coca Cola’s iconic typeface didn’t always shout “carbonated beverage.” When company accountant Frank Robinson chose the cursive script for Coke’s logo it was better know for its use in double-entry bookkeeping. Accountants prized the script for its clarity and elegance, and those same qualities arguably …read more.
2019 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January …read more.
Do your long-term customers know everything about you?
A technician at a mobility equipment supplier was servicing the motorized wheelchair of a long-time customer and noticed it was a brand-new model. “Where did you buy the chair?” he asked the customer. “At the health care supply store on the other side of town,” the customer replied. The technician paused and then asked, “Well, …read more.
Beware of unexpected tax liabilities under new accounting and tax rules!
Business owners have been hearing from us for a while now that the Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018. This narrow section of the law could have a major impact on certain industries, …read more.