Cash vs Accrual Basis Accounting

Which is best for YOUR company? How does your business maintain your financials? Under the Tax Cuts and Jobs Act, taxpayers are eligible to select their accounting method according to the new limits in tax years beginning after December 31, 2017. Taxpayers which have an average annual

Benefits of Utilizing Statement of Cash Flows

GAAP(Generally Accepted Accounting Principles) Net Income is Great, But How are My Company’s Cash Flows? Chances are your business will utilize the Income Statement and Balance Sheet when analyzing its annual, semi-annual, quarterly, and monthly results. However, the Statement o

Missouri Tax Credits

Are you facing a large Missouri tax liability this year? Does paying 6% less seem too good to be true? It is possible and easier than you think. We currently have hundreds of clients utilizing these credits to save thousands of dollars in Missouri taxes. We have obtained Missouri tax

Stock Options and Alternative Minimum Tax (AMT)

Were you granted stock options? Stock options offer you the opportunity to purchase a certain number of shares at a pre-established price, which could be substantially below market value. There are two types of stock options, incentive stock options and Nonqualified Stock Options. Non

New Lessee Accounting Requirements

Does your company currently operate as a lessee under one or more leases? If so, your company’s financial statements may be affected by the impending changes made official by the Financial Accounting Standards Board (FASB) this past February. Prior to implementation of the new s