The 4 Signs Your CPA Cares About You

SJG Accounting and Tax client focus

The right CPA can mean the difference between success and failure in your business. A relationship with a good accountant can save you money and keep you compliant. A relationship with a great accountant does all those things and gives you focused, professional responsiveness from an advisor who is on your team all year long. It’s the great relationships that can mean the difference between sustainability and real success for your business. … [Read more...]

How to be one of the 40% of Companies that Successfully Complete an M&A

SJ Gorowitz Atlanta Merger Support

For companies seeking to grow, shrink, adapt or change their business, or improve their competitive position, a mergers and acquisitions (M&A) strategy often is a natural and potentially viable  pursuit. … [Read more...]

The Most Complete List of 2016 Business Tax Deductions

SJG Tax Advisor Atlanta

Whether you have a new business or you have been filing taxes for your organization for years, it’s always wise to take a moment to study the list of write-offs and tax savings available to you in the current year. You’re only getting farther into the 2016 tax season. If you haven’t already, it’s time to pay attention to your existing savings areas and any recent tax changes that could impact your returns. We’ve combed through every possible resource to provide you with the most comprehensive list of tax deductions available, from A (Accounting Fees) to Z (well, actually to T – Travel Expenses). Use it like a checklist. Note which of these tax breaks you are eligible to deduct, and be sure to contact our tax experts for additional guidance so you’re confident that you’re taking full advantage of each opportunity to save your hard earned money. … [Read more...]

The Most Important Year End Accounting Tasks

SJ Gorowitz Year End Accounting

As we approach the end of 2015, there are a few things your small businesses can do to be sure you’re closing the calendar year securely and that you’re well prepared for stability and success in the new year. We’ve rounded up four priority tasks, and added a few suggested approaches for even stronger financials going forward.   The Most Important End-of-Year Accounting Tasks Review past due receivables Make note of any and all past due receivables. For each, determine the likelihood that the customer will pay, so you can decide which bills to send to a collection agency and which you will write off for a deduction. Review inventory Assess current inventory and determine the value of all unsold items. Write-down all remaining inventory to claim deductions on year-end taxes – overstating your inventory balance will cause you to pay taxes you don't owe. Prepare IRS Forms W-2 and 1099-MISC By January 31, you must mail copies of the tax forms to anyone who worked … [Read more...]