Understanding the Benefits of an S Corp
If you have been operating as a sole proprietorship or a general partnership, you may benefit from incorporating your business as an S corporation (S corp). Along with having your…
Why is Reasonable Compensation Important?
Avoiding an IRS Audit Making a mistake with reasonable compensation is one of the fastest ways a business owner can be flagged for an audit. Avoid being targeted by the…
Firm Director Lera Kooper Now Equity Partner
Accountability Services is pleased to announce that Firm Director Lera Kooper has joined Managing Director Dave Fischer on our ownership team. Lera became an equity partner in January, and she…
What is Considered a Business Expense?
Writing off business expenses to reduce taxable income is a vital tool all enterprises utilize to lower their total tax burden. Unfortunately, as not every company expense qualifies as a…
Deducting Rental Losses as a Realtor
According to IRS statistics, more than 50% of each tax year’s filed Schedule E forms show a loss when reporting rental income and expenses – but for many landlords, these…
Building Strong Client Relationships
At Accountability Services, we believe building strong relationships with our valued clients is the key to your success – and ours. Trust and teamwork are everything, and working together is…
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