Blog

Behind the Numbers – Understanding Your Small Business’ Financial Statement

by Tracey Hrica, EA Nov 15, 2019

I have a confession to make – when I started working for Century Accounting in February of 1995, I did not know how to read a financial statement.  I was 18 and didn’t even know what a balance sheet was – I just learned that to help our clients succeed and grow I needed to learn more than how to just “drop the numbers in!”  Luckily, over the last 25 years, I’ve learned a thing or two about financial statements. So, in orde...

Standard? Itemized? What exactly do they mean?

by Tracey Hrica, EA Nov 15, 2019

Updated July 12, 2020 I was recently speaking at a small networking group, about some of the takeaways I had from the 2018 tax season. I was discussing the swing our office saw from taxpayers who had always itemized, to an increase in returns in which they took the standard deduction. There was a gentleman who raised his hand and said, “I hate to admit it, but I’m not sure I really know the difference between standard and itemized d...

Organization Can Save You Time and Money

by Tracey Hrica, EA Nov 14, 2019

The first step for effective tax planning is to organize that ever-growing accumulation of records in your desk drawers, closets, and other storage spaces.  If you have misplaced something, resolve now to reconstruct missing or incomplete records before they become hazy in your mind. Haphazard records can cause you to needlessly lose money to taxes. The better the records you keep, the easier it is to search for opportunities, which...

Announcing the Launch of our New Website

by Tracey Hrica, EA Nov 13, 2019

Have you visited our website before? You might notice that it looks different this time! That's because we've updated the site with a new design, new features, and new content. We hope you like what you see, and easily find the information you are looking for. The new site is formatted for use on your desktop or mobile device. If you are a current client, and are looking for our secure portal, you are still in the right place! Just cl...

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