Articles Archive

This section contains accounting and tax articles based on frequent areas of client inquiries. We hope you find it informative. We add new information to this area on a frequent basis, so be sure to check back frequently.

All articles are alphabetized by subject matter contained in the article for easy location. Also, use our search criteria on the menu bar to help you find what you are looking for.

Accounting Methods, Changes in This article concerns information regarding changes in accounting methods. An accounting method is a set of rules used to determine when and how income and expenses are reported.

Accounting Methods, Permissable This article discusses information on permissible accounting methods. An accounting method is a set of rules used to determine when and how income and expenses are reported.

Employee or Independent Contractor - How do you determine whether a worker is an employee or independent contractor? Establishing the employment status of workers is vitally important as the result dictates whether an employer will have employment tax and income tax withholding, deposit, and reporting obligations. This article discusses some of the guidelines.

Reasonable Compensation - What exactly does "reasonable compensation" mean as defined by IRS? This article discusses the issues around this term and the significance of this concept as it relates to the business owner.

Section 125 Cafeterial Plans - The following is information about the tax advantages of offering a cafeteria plan to your employees and for a description of the different types of cafeteria plans available for adoption by your company.

Tax Deductions Often Overlooked - Check this list to make sure you are getting all the deductions you are entitled to