Avoid These Small Business IRS Audit Mistakes Businesses that are slowly emerging from the COVID-19 pandemic should now keep their eye on another looming obstacle: IRS audits. In late 2020, the IRS announced that it will increase tax audits of small businesses by 50 percent in 2021. Here are several mistakes to avoid if you… Read More

With millions of Americans working remotely for the first time this year, the Federal Trade Commission is warning people about work-from-home scams. Our Loeffler Financial Group accountants have provided some common work-from-home offers to be careful of according to the FTC: At-Home Medical Billing Businesses. Many medical billing business opportunities are worthless. Their promoters don’t tell… Read More

The importance of a CPA Life is often viewed as a series of stages – childhood, graduation, parenthood, and retirement, to name a few. Like the points on a clock, time moves us from one stage to the next. No matter what “time” it is in your life cycle, you probably share a common worry:… Read More

Be aware that important tax consequences are often associated with some fairly common events involving your home. Here are some handy things to know. Home purchase. When purchasing a home, you may pay a portion of the mortgage interest in advance. This loan origination fee, or “points,” is a percentage of the total amount borrowed. If… Read More

The holidays are here, and most small business owners are in the thick of what is for most the busiest time of the year. It’s easy to feel overwhelmed and move typical accounting tasks to the bottom of an already long to-do list. To help, we’ve compiled a list of ways to manage your accounting… Read More

As 2020 comes to an end, companies across the country are working diligently to close out their books so that tax returns can be filed on time and you can review insight into the year’s performance. As work stacks up, it is easy to miss a step in this process, which could cost you time… Read More