We’ve all had the experience in school of walking out of an exam feeling woefully under-prepared and thinking… “Well, that’s definitely not what I expected.” But when you are running a small business and you walk out of your accountant’s office saying the same thing about your taxes, there’s a problem. Your taxes should not…
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We are hitting pause on our regularly scheduled programming to do a post-tax-season pulse check. Do any (or all) of these statements describe how you are feeling now that tax season has ended? “How in the world am I going to make payroll this month, write the huge check I owe for taxes, AND pay…
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Patrick Accounting of Memphis and Massey CPA Group of Sherwood, Arkansas are pleased to announce their merger effective immediately. “I am eager for the opportunity to join forces with such a reputable firm,” says Matthew Patrick, CPA and Managing Member, Patrick Accounting and Patrick Payroll. “The Massey Group’s team and culture is very similar to…
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In general, the new tax Act provides for stricter limits on the deductibility of business meals and entertainment expenses. Under the Act, entertainment expenses incurred or paid after December 31, 2017 are nondeductible unless they fall under the specific exceptions in Code Section 274(e). One of those exceptions is for “expenses for recreation, social, or…
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