New Tax Withholding Estimator

The IRS just released the new Tax Withholding Estimator that is intended to replace the old Withholding Calculator. The new Tax Withholding Estimator includes user-friendly features that is tailored to help retirees quickly and easily calculate the correct amount of tax that should be taken from their pension payments and Social Security benefits. The new […]

Payroll Fraud Schemes Businesses Should Be Aware Of

According to the Association of Certified Fraud Examiners, nearly 30 percent of businesses are victims of payroll fraud. That’s an unsettling percentage, with smaller businesses being twice as likely to be victimized by payroll fraud than larger businesses. Here are four alarming payroll fraud schemes every business owner should be aware of: Common payroll schemes […]

Calculating Your Restaurant’s Prime Cost

As a restaurant owner knowing your key performance indicators is huge and knowing your prime cost is one of the most valuable key performance indicators a restaurant owner can know. Knowing your prime cost is essential when you’re running a restaurant as it gives you more control to facilitate change and make more money. Most […]

4 Key Elements of Great Bookkeeping

Your bookkeeping system is the financial heart of your business. When set up and operating properly, your books help you make smart decisions and seamlessly turn your financial data into useful information. Gurian CPA has provided four key characteristics to build and maintain a healthy bookkeeping system for your business:   Select the proper accounting […]

Tax Scams To Be On The Lookout For

Receiving contact from the IRS can be enough to make your heart drop but being contacted from someone claiming to be from the IRS and falling into a tax scam can sometimes be even worse. The sad thing is that tax scams can happen any time of the year and not just around the tax […]

Employer Credit For Paid Family And Medical Leave

A new Employer credit for Paid Family and Medical Leave, that has been enacted by the Tax Cuts and Job Act (TCJA) is imposed to help businesses reduce their taxes while employees are on paid leave from their job duties due to specified reasons. Employers are eligible to claim this credit based on the wages […]

How To Survive An Audit

Getting news from the IRS that you’ve been selected for an audit can be extremely worrisome and overwhelming, even if you believe that you haven’t done anything wrong. When getting a notice from the IRS regarding an audit it is most likely not for a return that you’ve just filed. Generally the IRS has three […]

Tax Preparation Mistakes Every Business Should Avoid

Tax season can be a nightmare for most business owners. One small mistake can cause you to pay additional taxes, interest, penalties and fees. It’s not surprise that many taxpayers make some mistakes every year. However, for business owners, these mistakes can lead to hefty penalties and delay refunds. To make your tax season less […]

Standard Mileage Rates For 2019

The IRS has issued the standard mileage rates for 2019. Do keep in mind since the new Tax Cuts & Job Act (TCJA) there have been changes to claiming certain travel and moving expenses. Starting January 1st , 2019 the standard mileage rate for the use of a car, pickup, panel truck or van are […]

Important Tax Deadlines For 2019

Instead of scrambling when tax season rolls around, trying to figure out and gather all of your required tax forms that must be filed, be prepared and keep your eye on upcoming tax deadlines for the 2019 tax season. Gurian CPA has provided all the important tax deadlines for 2019 to keep you informed for […]