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There is no doubt that when a  CPA firm is seen as a trusted advisor,  its clients are more receptive to advice that falls outside the scope of standard tax and compliance work.  CPAs should always be looking for opportunities to help clients become more profitable -...

There are few words that strike fear into the heart of small business owners like "audit." The truth, however, is that the chance of the IRS auditing your small business taxes is relatively low. The audit rate is higher for Schedule C sole proprietorships (due to IRS...

You don’t have to be a large or established company to realize the credit. By Jason Jones Key Takeaways Qualified small businesses can now leverage the R&D Tax Credits to offset employer-side payroll tax obligations. Three factors determine whether your company is...

Companies of all sizes in dozens of industries are taking advantage of tax savings. Chances are you qualify. See simple 4-part test. By Chris Bird Companies spend enormous amounts of time, effort and money looking for ways to cut costs, streamline operations and...

Don’t lose them to a competitor By Michelle Powell Key Takeaways Closing the knowledge gap about R&D tax credits is an easy way for CPAs to improve client value and retention. Look for companies that use technology to improve their products and processes. They may...

By Phil Williams, JD, BSME Key Takeaways More companies than ever are taking advantage of engineering-based credits and incentives – just remember there’s no free lunch when it comes to your taxes. Having a sound methodology and the right team in place will ideally...