January is a big month for businesses (and accounting experts) everywhere. It’s the time when the previous financial year is officially over, and the moment when gathering all necessary tax documents kicks into high gear. Here’s a quick checklist of the most important...

Happy New Year! Now that 2019 is here, it’s time for businesses and corporations everywhere to tackle their New Year goals head-on. One of the most important goals that should be on your resolutions list? Avoiding penalties, fees, and interest by never missing a tax...

As you close out the 2018 year, you’re probably readying yourself to begin 2019 with renewed motivation and energy, pursuing greater accomplishments and successes. Before you close out 2018, we’d like to help you avoid future headaches by giving you a short checklist...

Always Have a PlanAs the end of the year approaches, you’ll have a sense for your tax liabilities and what you’ll be expected to pay next year. Work with your accountant or tax professional to make a plan for how you’ll pay taxes for this year. Use what you know to...

Everyone knows that contact by the IRS is something to be taken seriously. It's always in your best interest to respond promptly to any communication from the IRS to ensure that you remain on their good side. But in a world filled with scam artists and fraudulent...

The Thanksgiving leftovers are dwindling, the air is getting colder and the holiday season is now officially in full force. That also means that the tax year is quickly coming to an end. Let’s take a quick look back at this November to review newsworthy events and tax...

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act into law. Known generally as the TCJA, this law immediately introduced some of the most dramatic changes to the tax code in years. While businesses around the nation were affected, perhaps no one...

Type “accounting software” in Google and you will see many options in the search results, including QuickBooks. At MBS Accountancy, each member of our team is fully certified as a QuickBooks ProAdvisor because we understand the benefits that it provides to business...

Happy Halloween! Before you enjoy some wild Halloween parties and candy galore tonight, here’s a brief snapshot of all of the important news updates that occurred in October. We offer these updates so that you are aware of the latest news in the industry. Staying...

In these final months of 2018, we are going to be reviewing the effects of the Tax Cuts and Job Act (TCJA) on your tax strategy and planning for next year. We briefly outlined some of the most important changes in January, May, and June and are just continuing our...

Last week, we talked about the importance of data security for small businesses and offered tips on how to improve your password security, improve your resiliency against social engineering, and instill security awareness into your employees. Taking preventative...

In the first half of 2018, approximately 668 data breaches were reported by companies in various industries. Many companies are adopting cloud-based systems without properly training their employees in basic practices regarding information security. As a result, many...

Delegation is a business owner’s best friend. After all, the diverse responsibilities and tasks that come with the title of Business Owner are much too time-consuming to handle by yourself. Successfully delegating those tasks that are especially time-intensive allows...