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Are Software Costs Expensed or Capitalized?

Should Internally Developed Software Costs be Expensed or Capitalized? This appears to be a simple question, however, the answer is more complicated than one would expect.  There are many factors that affect how internally developed software costs should be...

1099 or Employee?

Is your worker a 1099 or an Employee? The holidays will be over before you know it and it will be time to issue forms 1099 and W-2. How do you know which one you should issue?  Have you paid the correct payroll taxes or do you even need to be paying them?  Why not...

Why a Small Business Should Have a CPA

Why a Small Business and Start-up Companies Should Have a CPA Accountants can assist with all stages of your business. Most entrepreneurs don’t realize the value a CPA can add to their business; accountants are not just for preparing payroll and tax returns! From the...

Are Gifts to Employees Taxable?

Are Gifts to Employees Taxable? Did you know certain gifts are taxable income to the employees, which can irritate your employees and defeat the purpose of your gifts?  Also there are reporting requirement for the business.  If a gift is taxable income for employees,...