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2020 is quickly approaching and now is the time to do some last-minute tax planning. Here are some year-end tax tips that could potentially reduce your tax liability for 2019. Defer your income, if possible. Take some last-minute tax deductions such as charitable contributions. Accelerate expenses (if you are on a cash basis), such as paying a bill do early next year by the end of December. Sell loser investments to offset gains, such...
This post has been updated. You can find it here: https://www.centuryaccounting1.com/2020/07/22/6-easy-steps-to-get-your-new-business-started/...
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...
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...
There are a number of financial reports that can g...
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The word "audit" is one of the things that scares ...
So, you're determined to live your best financial ...