Business owners have been anxiously waiting for news updates for this year’s tax returns, and the Schedule K-2 and K-3 are no exception. This new development may come as good news to certain business owners filing as partnership and S-corporations. The change implements transition relief for those eligible, and according to the IRS, “[they] will […]
“Entrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. Cash flow matters most.” (Peter Drucker). Cash flow can help determine the difference between success and failure in start-ups. Business owners, especially those that are new to their respective industry or field need to know that proper cash flow […]
There are many factors to consider when choosing a CPA in Chandler, AZ and discovering which one is a good fit for you and your team. Whether you value clear communication, maintaining consistent points of contact or total confidentiality of business-related information, you want to find that perfect team that will align with your value […]
We are excited to announce that JTC CPAs was not only nominated as one of Idaho’s Best Employers for 2022, but that we came in the top 10 for best employers! Additionally, we were given another distinction as landing in the top 3 for Idaho’s Best employer for leaders category! We appreciate all of our […]
What is the R&D Tax Credit? The R&D tax credit (or research and development) applies to all companies that are engaged in building new or improving upon business-operations such as methods, computer software, materials, and procedures. This type of tax credit can benefit small businesses and large corporations alike. The availability ranges from the state […]
Small businesses face many challenges in maintaining a robust bottom line, but building sustainable strategies for profit is one of the most essential. With statistics that show that nearly two-thirds of small to mid-sized businesses don’t make a profit or fail to increase their earnings from the previous year, a strong case exists for owners […]