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Rental Property Tax Deductions

October 11, 2024

Owning rental property is a significant investment, but it also has its share of responsibilities — especially when managing taxes. Understanding which expenses you can…
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What to Know About Accounting for Architectural Firms

October 9, 2024

As the owner of an architectural firm, it’s essential to strike a balance between working on projects and managing core areas of your business, such…

The Complete Guide to Audits for SMBs

October 7, 2024

For any business, audits are important in maintaining transparency, trust and accountability in financial reporting. If you’re running a small or mid-size business (SMB), you…
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Accounting vs. Bookkeeping: What’s the Difference?

October 7, 2024

A lot goes into the financials behind a nonprofit or business, including bookkeeping and accounting. While the terms are often used interchangeably, the roles are…

Law Firm Accounting Mistakes

October 7, 2024

Running a law firm means dealing with countless details, and while legal expertise is at the forefront, managing your firm’s finances is just as crucial….

Managing Inflation for Small Businesses

September 17, 2024

Inflation poses serious challenges to businesses worldwide. However, small businesses operating on thinner margins often experience more intense inflation effects than larger businesses and corporations….

How to Choose Between Cash and Accrual Accounting

September 17, 2024

The accounting method you choose determines when you report revenue and expenses relative to the transactions taking place. Choosing one method over the other influences the…

Tax Deductions for Engineers

September 17, 2024

Navigating tax deductions can be challenging, especially for engineers who often incur various work-related expenses. It’s important to understand these deductions so you can reduce…

Does an Employer Benefit From a 401(k) Matching Plan?

September 17, 2024

Hiring and retaining talented candidates can be difficult in today’s marketplace. If the candidate you’ve offered the position to is juggling multiple offers, their selection…
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Claiming Your R&D Tax Credit

August 23, 2024

As a business owner, you may be missing out on potential tax reductions by not claiming the research and development (R&D) tax credit for your…
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FAQ: How Is Virtual Currency Taxed

August 23, 2024

Virtual currency — often referred to as “bitcoin” — is a mystery for many people but an everyday currency for others. As virtual currency grows in popularity, questions…
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Individual Accounting Services Guide

August 23, 2024

As an individual, managing your finances can be overwhelming, especially when tax season rolls around. Many people hire reliable accounting firms because they have the…

Which 990 Is Right for My Organization?

July 24, 2024

Knowing which of the four 990 forms apply to your organization is important when you’re filing taxes. In this guide, we will break down which…
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Why did I get Audited by the IRS?

July 24, 2024

Most of us are aware that certain income tax issues are more likely to result in an IRS audit than others, so what are they? It’s not…
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Understanding Blockchain Technology

June 17, 2024

Blockchain is the underlying technology behind the exchange of cryptocurrencies like Bitcoin. However, blockchain’s applications go beyond crypto. As this technology continues to expand, it’s…
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Do You Need to Use an Accrual Method of Accounting?

June 17, 2024

As your business grows, you may need to hire more employees, acquire investors or optimize your financial planning for the future. The accrual accounting method…
Expense Tracking Tips

Expense Tracking Guide for Your Business

May 31, 2024

Managing your finances is crucial for success as a small business owner. One essential aspect of financial management is expense tracking. Keeping a close eye…
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What a Board Should Look for in Financial Statements

May 31, 2024

Reviewing financial statements to board of directors is a critical task board members may undertake to evaluate an organization’s compliance and budgetary status. To best…
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Tax Planning Strategies for Retirement

May 31, 2024

You’ve likely put aside money toward retirement to supplement social security and help ensure financial stability when you leave the workforce. Yet, have you thought…
a man and a woman are looking at a computer screen discussing financial audits

Auditing vs. Assurance Services: Is There a Difference? 

May 3, 2024

Many people use auditing and assurance interchangeably. Accounting firms often group these services together, as assurance typically comes directly after auditing. Although the processes are…
affordable nonprofit accounting services

Understanding the Importance of Accounting in the Nonprofit Sector

April 23, 2024

Nonprofits consist of people who are passionate about making their communities and the world better. They provide a place where people can work together toward…
Guide to Paying Hybrid, Out-of-State and Remote Employees

Guide to Paying Hybrid, Out-of-State and Remote Employees 

February 27, 2024

Working with remote, hybrid and out-of-state employees is a rising trend that offers exciting benefits like wider customer reach, more efficient business operations and more…
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What Do I Do With My Audit Report Once Received?

January 29, 2024

Audit reports are written assessments of whether a company’s financial statements comply with generally accepted accounting principles (GAAP) and are free of incorrect information. Auditors’…
professional accounting

Does Your Faith-Based Organization Need Professional Accounting Services?

August 23, 2023

Professional accounting services for faith-based organizations’ finances are unique. These services require a specialized understanding of the distinct financial needs and regulatory considerations within this…
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What Is Accounting Software?

August 2, 2023

Do you want to optimize your business’s financial management with ‌accounting software? Learn how to determine your business’ accounting needs and choose the best tool….
Maintain Tax Exemption in Atlanta

How To Maintain Tax Exemption Status

July 10, 2023

Maintaining tax exemption status is essential for Atlanta nonprofits and certain businesses. Furthermore, tax-exempt status not only helps you save money but also opens up…
Debt management tips

Debt Management Tips for Business Owners

June 15, 2023

Managing debt can be difficult, especially when you are a business owner with multiple loans, to keep up with. Keeping a handle on your finances…
Small business accounting

Enhance Your Small to Midsize Business Accounting Processes

June 15, 2023

For small to midsize businesses in the Greater Atlanta area, outsourcing accounting services can provide significant benefits. Managing the accounting function of a company is…
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Small Business Accounting Mistakes to Avoid

February 6, 2023

Bookkeeping is an essential business function that contributes directly to your organization’s sustainability by providing insights into its financial health. Accurate records help a business…
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Bookkeeping Basics for Small Businesses

October 14, 2022

Business bookkeeping basics are essential to a small business’s success in maintaining compliance and monitoring milestones. The tax professionals at Marshall Jones have put together…