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Every business owner knows keeping a quality set of books is vital for staying in compliance – but having access to this data for tax returns is just one reason…

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…

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…

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…

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…

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…