For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The TCJA also reduced individual income tax rates, which apply to sole proprietorships and pass-through entities,…
DetailsDoes your Accountant teach you how to understand your numbers so it’s meaningful to you and your company? Do you understand the terminology? Do you know your breakeven point and is there a company budget in place? Every owner should be able to determine the strengths and weaknesses of their finances by reviewing the numbers…
DetailsBusiness owners always ask us what they need to know when they look at their financial statements. What does this piece of paper tell me? What does it mean to me? How is my business doing? Sometimes it feels like they are asking you to tell them how to run their business. The challenge so…
DetailsSmall business owner and CPA, Edward Hastreiter, sense 1979 has spent more than 34 years consulting with small business owners on how to make their small business successful and profitable. Not only has he worked with thousands of businesses on a monthly basis as a CPA but he also manages a staff of 14 CPA/Accountants…
DetailsRunning a small business can be challenging, and for this very reason you as a small business owner must have a team of advisors to surround yourself with. The advice and guidance you receive from others in managing your business will impact the business decisions you make. This team is called the 5 Star Alliance…
DetailsStarting a Small Business Starting a business can be a very exciting time. It also presents some challenges. Having the proper tools and skills in place will help you map out how to start and run a successful business. Seeking advice or getting professional help is a great first step, especially if this is your…
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