NEW

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

4 Key Changes To Depreciation Under The TCJA

As the Tax Cuts and Job Act (TCJA) continues to be unraveled by tax professionals, it’s important to review the changes and their implications on business operations and tax strategies. In this article, we’ll highlight TCJA’s changes to first-year bonus depreciation,...

3 Ways A CPA Can Make Your Business Successful

It can often seem unnecessary to hire a certified public accountant (CPA) since bookkeepers and accountants are frequently believed to be the be-all-end-all for a business’ finances. However, there are certain advantages to having a CPA by your side. While we...

3 Myths You Shouldn’t Believe About Accountants

To a business owner, an accountant that helps make sense of business finances can seem like a godsend. Whether you’re just starting your business or are already established, having a great accountant by your side is a sure way to keep your business running smoothly....

3 Ways QuickBooks Apps Can Improve Your Business’ Efficiency

Over 5.6 million businesses use QuickBooks to streamline their business’ accounting. The eye-pleasing interface, streamlined workflows, and powerful automation that QuickBooks provides to these business owners are invaluable, saving them time and money. While...

Client Spotlight: Fresno County Economic Development Corporation (EDC)

We’re excited to highlight Fresno County’s Economic Development Corporation (EDC) as our spotlighted partner this month! For over 30 years, the EDC has promoted business success within Fresno County through strategic partnerships at both the local and national level....

How To Calculate The Pass-Through Deduction For 2018

Formally known as the Section 199A deduction, the “pass-through” deduction allows many sole proprietorships, partnerships, S corporations, trusts, or estates to deduct up to 20 percent of their qualified business income. Taxpayers who are eligible can also deduct up...

Don’t Overlook These 5 Business Deductions As You File for 2018

As the old saying goes, “you gotta spend money to make money”. The topic of expenses and deductions is likely a major part of your meetings and discussions with your CPA (if you don’t have a CPA, read this) in these first months of 2019. In this article, we’ll list...

10 Things to Check As You End 2018

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...

read more

Year End Tax Tips

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...

read more

Real or Scam: Recognizing Contact by the IRS

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...

read more

MBS November News Round-Up

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...

read more

How the TCJA Affects Tax Accounting Methods

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...

read more

4 Ways QuickBooks Can Help Your Business Thrive

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...

read more

A Not-So-Scary Look Back At October

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...

read more

Surveying TCJA Changes To Real Estate

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...

read more

Build Trust, Secure Your Data

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...

read more

3 Things to Consider When Working With an Accounting Firm

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...

read more

September 2018 Tax Updates at a Glance

Wait, it’s already the end of September? Wow. If your month was as busy as ours, you’ll agree that it feels like September just flew by. As a business owner, it can be difficult to keep track of the news and events that will affect your business. At MBS Accountancy,...

read more

Contractor or Employee? How The Dynamex Ruling Affects You

As a business owner, you are always watching the bottom line, constantly looking for ways to become more streamlined or efficient. One of the first things you may have done to streamline your business is hire independent contractors to handle work that was previously...

read more