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Tax Court Corner - Small Business Edition
Here’s a roundup of several recent tax court cases and what they mean for your small business. Be Reasonable About Compensation (Hood, TC...

Audra Wilson Russell
Jan 17, 20232 min read
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IRS Audit Triggers - Be Ready to Defend Your Business
The IRS is always scanning small business tax returns that look unusual or out of the ordinary. Here are five areas of your business to...

Audra Wilson Russell
Jan 17, 20232 min read
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Prevent Petty Cash from Turning into Petty Theft
Cash theft ranks as one of the most common frauds perpetrated on small businesses. To ensure your business is protected from theft,...

Audra Wilson Russell
Jan 17, 20232 min read
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The Power of Comparative Financial Statements
Your business has a story to tell. And one of the ways to hear your business’s story is by reviewing performance through comparative...

Audra Wilson Russell
Jan 17, 20232 min read
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Dos and Don'ts of Small Business IRS Audits
The best way to deal with an IRS audit of your small business is to know what to do and not to do. Consider the following: Be...

Audra Wilson Russell
Jan 17, 20232 min read
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It's Tax Time! Tips to Get Organized
The beginning of a new year brings the need to recap the previous one for Uncle Sam. Here are some tips and a checklist to help get you...

Audra Wilson Russell
Jan 17, 20232 min read
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Alternative Ideas to New Year's Resolutions
It’s that time again when everyone has high hopes for how they are going to better themselves during the new year. The traditional way...

Audra Wilson Russell
Jan 17, 20232 min read
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Plan Your Retirement Savings Goals for 2023
A big jump in cost-of-living calculations means a big jump in how much you can contribute to retirement accounts in 2023! Now is the time...

Audra Wilson Russell
Jan 17, 20231 min read
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Year-End Tax Cutting Ideas
Here are moves you can make to reduce your taxable income. But the year is quickly coming to a close, so plan accordingly. Tax loss...

Audra Wilson Russell
Jan 17, 20232 min read
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Test Your Holiday Song Knowledge!
As you gather with family and friends this holiday season, have fun with our annual holiday quiz. This year's edition focuses on popular...

Audra Wilson Russell
Jan 17, 20233 min read
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Identity Thieves Love Tax Season
The vast amount of information shared online during tax season makes it a haven for identity thieves, and they're doing everything they...

Audra Wilson Russell
Jan 17, 20232 min read
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Fork in the Road: Repair or Replace Your Vehicle
Deciding whether to put more money into an aging car or to replace it with a new or used vehicle is rarely a simple decision. Plus...

Audra Wilson Russell
Jan 17, 20232 min read
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Tax Court Corner
Here’s a roundup of several recent tax court cases and what they mean for you. Thou Shalt Not Commingle Funds (Vorreyer, TC Memo 2022-97,...

Audra Wilson Russell
Jan 17, 20232 min read
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Raising a Financially Savvy Child
If you have children or grandchildren, you have an opportunity to give them a jump-start on their journey to becoming financially...

Audra Wilson Russell
Jan 17, 20232 min read
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'Tis the Season for Gift Card Fraud
With supply chain snarls still plaguing parts of the U.S. economy, many consumers are turning to gift cards as the holiday present of...

Audra Wilson Russell
Jan 17, 20232 min read
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Top 5 Cash Flow Management Tips for Business owners
Cash flow is the blood flowing through the veins of your business. In simple terms, it measures cash in, and cash out.
Audra Wilson
Aug 23, 20216 min read
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Reasonable Compensation for S-Corps
One of the greatest benefits of an S-Corp is the tax savings. Net profit from the S-Corp is not subject to self-employment taxes. What???
Audra Wilson
Aug 3, 20213 min read
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The Pros and Cons of Outsourcing Your Accounting
Outsourcing your accounting gives your business all the benefits of a dedicated, accounting department at a fraction of the cost

Audra Wilson Russell
Jul 21, 20215 min read
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Sale of Home, Increase Cash Collections, Use Technology
WATS Happenin'? October 2019 Inside this issue Sale of Home - Tax Treatment 4 Strategies To Increase Cash Collections And more WATS...

Audra Wilson Russell
Oct 27, 20191 min read
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LLC vs S-Corp, Cash-flow Strategies, Etc
WATS Happenin'? Sept 2019 You do not want to miss this month's issue of WATS Happenin' LLC vs S-corp QBO Hands On Workshop (9/21/2019)...

Audra Wilson Russell
Sep 1, 20191 min read
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