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Pease Bell Posts

Reasons to Outsource Payroll and Obtain a Service Audit Report


With Labor Day starting out this week, it's a good time to focus on how your business pays employees. Payroll

Supplement your Financial Statements with Timely Flash Reports


Most companies prepare financial statements on a monthly or quarterly basis. Unfortunately, it usually takes between two and six weeks

Yes, you can undo a Roth IRA conversion


Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free in

Worrying About Estate Taxes?


How to determine if you need to worry about estate taxes Among the taxes that are being considered for

Hobby or Business?


The IRS wants to know If you generate a side income from a passion like cooking, woodworking or bookselling

Credit loss standard: The new CECL model


A new accounting standard on credit losses goes into effect in 2020 for public companies and 2021 for private ones.

The ABCs of the Tax Deduction for Educator Expenses


At back-to-school time, much of the focus is on the students returning to the classroom where they will use the

Reap Benefits of a Small Business Retirement Plan


Reap the tax benefits of a qualified small business retirement plan Establishing an employer-sponsored retirement plan is an

Are Income Taxes Taking a Bite Out of Your Trusts?


If your estate plan includes one or more trusts, review them in light of income taxes. For trusts, the income

Cutoffs for Reporting Revenues and Expenses


Under U.S. Generally Accepted Accounting Principles (GAAP), there are strict rules on when to recognize revenues and expenses. Here's important

THE SEC. 461 ALL-EVENTS TEST: TIMING FOR DEDUCTING ACCRUED WARRANTY CLAIMS


The Sec. 461 All-Events Test: Timing for Deducting Accrued Warranty Claims

The Tax-Advantaged Way to Fund Education


Coverdell ESAs: The tax-advantaged way to fund elementary and secondary school costs With school letting out you might be

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