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Gary Bode, CPA: your company shouldn't feel like a supplicant at its bank According to the Blue Book of Bank Prices (Fall 2009), banks raised cash management fees, on an industrial average, 3.6% in 2009. Expect the same in 2010. So lockbox services, ACH debit card transactions, and checking overdraft fees are higher. “Bank managers have the power to . . . → Read More: A Wilmington NC CPA Accountant Discusses how to Reduce Bank Fees If you'd like a free initial consult with a CPA in a small business accounting firm, please call (910) 399-2705 At some point, Wilmington NC Widgets, our demo company, became too complex for the owners to optimally manage without the proper tools. Cash flow management is problematic in any small business, especially in a recession. But Budgeting, . . . → Read More: Small Business Budgeting as a Tool for Cash Flow Management
Section 179 helped cause the proliferation of SUVs Background Section 179 of the IRS tax code allows a business to immediately deduct the entire cost of capital purchases (think equipment) from the company’s tax return. Subject to conditions of course. “The 179 expense deduction is the ultimate accelerated depreciation technique.” Depreciation started as a way . . . → Read More: IRS Section 179 Expense and Depreciation If you need payroll accounting support, please consider calling us at (910) 399-2705 Payroll accounting just doesn’t change that much. Once the process is setup, it stays the same. Just different numbers. Sometimes a company just needs a payroll training and occassional support. In the past five years a number of local and national payroll accounting services marketed themselves . . . → Read More: A CPA Payroll Accounting Service says: Do your own payroll! The CPA for Wilmington NC Widgets, our sample company, presents on over view of NC Sales Tax We’ll examine NC Sales and Use Tax from the perspective of the CPA for Wilmington NC Widgets, our example company. WNW primarily buys parts and raw materials, and then assembles them into custom production machines which are sold to . . . → Read More: A CPA in Wilmington NC Discusses Sales Tax An IRS Form 941 payroll tax calculation - with a HIRE Act component. If you'd like a free consult with a CPA supervised payroll service, please call us at (910) 399-2705. Here’s how the CPA for Wilmington NC Widgets, our example company, calculates their monthly IRS Form 941 payroll deposit, including the new HIRE Act adjustment. A . . . → Read More: Wilmington NC Payroll Service | IRS Form 941 Payroll Tax Example An CPA example of a 2/10 vendor discount using Wilmington NC Widgets. Most folks understand this cryptic note. “2/10 net 30″, on a vendor invoice means: take off 2% if you pay within 10 days, or, remit the full amount in 30 days. Let’s take a look at the cash flow implications of this vendor discount from . . . → Read More: A CPA in Wilmington NC dicusses Vendor Discounts A Wilmington NC CPA discusses tax planning and positioning Any CPA here in wonderful Wilmington, NC wants their client to pay the least amount of tax legally possible. But many times people, companies and even CPAs are just tax reactive. In other words, the CPA finds them every tax advantage retroactively, after the end of the tax year, when . . . → Read More: Tax Planning and Positioning - What has your CPA done for you lately? If you'd like a free initial consult from a CPA payroll accounting supervisor, please call us at (910) 399-2705 Here’s a comprehensive payroll accounting service example using one employee during a calendar quarter, and, Wilmington NC Widgets as our sample company, covering: Gross Wages Employee |
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Copyright by Gary Bode, CPA © 2011 Gary L. Bode, MSA, CPA, pc -Disclaimers- All Rights Reserved |
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