The basics of Ecommerce Cost Per Acquistion Lucky you. You have stumbled upon a article about Ecommerce Cost Per Acquisition (CPA), that was written by a Certified Public Accountant (CPA).  But I promise that I will not use accounting lingo.  Anyway, you probably know what it is anyway.  So, this article will focus on trying to convince you that it is worth tracking your CPA. Most of the technology you are using is already equipped to provide this type of report. Calculating CPA is Easy Calculating Ecommerce Cost Per Acquisition is simple.  Simply take your monthly advertis ..read more

The Internal Revenue Service is also a great place to keep yourself updated on the latest changes to the tax code. They also have a new tool called the Interactive Tax Assistant. The final version of the 2024 tax table will be posted in the coming weeks on their site. Also, Kelly Phillips Erb is a great follow at Forbes Magazine for the latest plain English tax updates. Single Taxpayers Projected 2024 Tax Table and Brackets: if taxable income is 0 – $11,600, then tax due is 10% if taxable income is $11,601 – $47,150, then tax due is $1,160 + 12% over $11,600 if taxable income is $47,151 – $100 ..read more

As a small business owner, you may benefit from using software to simplify your accounting. Setting up a QuickBooks plan could be the solution you’ve been looking for. QuickBooks is the number one online accounting software for small businesses that can help you to organize, track, and manage your business finances. As you decide which plan is best for you, here are some of the many QuickBooks features that may make a difference for your small business. QuickBooks for Small Businesses Job Costing The job costing feature in QuickBooks allows you to keep project costs on track by showing you whi ..read more

Hiring a business accountant is a great option for small businesses that need help with their records and finances, and finding the right accountant for your business’ needs and industry is the key to success. Collaboration is necessary in any business relationship, and open communication can help to ensure a successful relationship between business owners and their accountants. Knowing what qualities to look for in the best business accountant can help you choose the perfect accountant for your business needs. Understanding the Client’s Business Needs It is important for accountants to unders ..read more

Are you an owner, shareholder, or partner in an S corporation, partnership, or LLC? If so, a bill recently signed by Michigan Gov. Gretchen Whitmer may apply to your business. On Dec. 20, 2021, Gov. Whitmer signed House Bill 5376 into law, which amends the Michigan Income Tax Act by implementing an elective flow-through entity tax. A flow-through entity, sometimes called a pass-through entity, is a business entity that passes all its income onto the owners or investors of the business. Essentially, the law allows individual taxpayers with interests in partnerships or S corporations to reduce t ..read more

Many of us may have seen phrases like “LLC” and “sole proprietorship” in passing all our lives but didn’t really look into them to discover what they mean. If you are opening a new small business in Michigan, however, it’s important that you do understand the differences between the various types of entity options before choosing a business tax structure and the types of corporations and LLC’s out there. It will most certainly impact your taxes, your finances, and possibly even the profitability and vitality of your small business in the future. Following are a few of the basics regarding C co ..read more

Michigan business owners who still need to get their business tax prep filed for the 2023 year do have some time, but not much.  Like individual filers, most small businesses have until April 15, 2024 to file their taxes with the IRS. These businesses include sole proprietorships, household employers, and C corporations. However, partnerships and S corporations only have until March 15, 2024. Either way, it’s important to start compiling the necessary documents as soon as possible. Sending them over to us for tax prep services sooner rather than later will help facilitate a smoother proce ..read more

Payroll processing can be very complicated.  New employees often run into problems with their federal withholding. Unfortunately, they do not notice this issue until they go to file their income tax returns. It would be easy to suggest to employees that they pay attention to their pay stubs.  However, there are many different withholding amounts on them, so even the pay stub becomes very confusing to people. Employees are requested to fill out a Form W-4 when they are hired in, but that can be complicated as well.  It is also difficult to assist employees with Form W-4 because i ..read more

The paperwork and financial details needed for veterinary practice accounting on a daily basis can be overwhelming. Veterinary payroll processing can also be unique to your industry. As a veterinarian, you have enough on your mind, so you shouldn’t have to worry about crunching the numbers too. For these reasons, working with a firm that specializes in accounting for veterinary practices can be very beneficial. And also make sure that the firm you select is familiar with the AAHA chart of accounts. The accountants can worry about the facts and figures. You just focus on keeping those precious ..read more

As part of our accounting services for dentists, financial statements provide much-needed information to help practices stay on track throughout the year. A good dental practice accounting system is vital for meaningful financial data.Financial statements assess the financial health of a dental practice, which can offer insight that dentists can use to improve their bottom line. So many times, practice owners follow the status quo and don’t dive deep into their financial matters, and that’s OK. That’s why we are here: to provide dentists with financial statements to give them an overview of wh ..read more