Let’s dive into some of the more frequently asked questions surrounding sole proprietorships: Who is a sole proprietor? A sole proprietor can be an independent contractor or an individual that owns and operates a business and generates self-employment income. The business may have been formed by filing for a “DBA” (doing business as) or by […]
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We often think of financial statements in the context of the business world where they are common place and are frequently used to gauge financial performance, determine a company’s value, satisfy bank and loan requirements, aid in strategic planning, amongst a host of other uses, the list is endless. On the flipside, we will focus […]
There are two upcoming dates that will affect many QuickBooks Desktop users. One is imminent and may require immediate action for those that have not already begun the update process. The second must be addressed this summer. May 31, 2024 There are several versions of QuickBooks that will no longer be supported by Intuit after […]
As of May 6, 2024, Intuit QuickBooks Online released a new layout for estimates and invoices built on an enhanced tech platform for faster feature delivery. Don’t worry, your existing data will remain intact and easily accessible. If you receive QuickBooks payments, you can also add options like PayPal and Venmo, along with other available […]
The IRS Commissioner announced as part of its strategic plan, the intention to ramp up audits over the next three years as it looks for additional revenue, but not every group of taxpayers will face more scrutiny. The agency reiterated it won’t boost enforcement for taxpayers that earn less than $400,000 annually, at least for […]
Are you a business owner struggling to find the time to keep up with your financial recordkeeping? Do you need accounting or bookkeeping assistance but have no idea where to find reliable, trustworthy help? The most efficient solution for you could be using the outsourced accounting and bookkeeping services from SingleSource Accounting, LLC, powered by […]
Tronconi Segarra & Associates’ professionals Mark Ferm, CPA, and Patrick Sullivan, CPA, discuss the generational shifts taking place in business ownership today, and the attitudes of business owners about why they own businesses and what that means to their personal and professional goals. Specifically, our experts discuss the challenges most business owners encounter when they […]
Sales Tax Audits: Managing the Process to Minimize Liabilities In this recorded webinar, Tronconi Segarra & Associates SALT professionals Tom Mazurek, Jr., CPA, Partner, and Kaitlin Pashina, CPA, Manager, discuss how to prepare for a New York State sales & use tax audit, manage the audit process, what to consider after the audit, and other […]
In this webinar, cross-border expert and Tronconi Segarra & Associates’ Tax Partner David Lever, CPA, discusses important information that Canadian businesses should consider when providing delivery services and/or using company vehicles for deliveries in the U.S. Click here to watch this webinar on our YouTube channel. Click here to view the webinar slides. Author David […]