William R. Healy Cpa Pc

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

5 Tax Tips for Millennials

Winging it on your taxes? You could be missing out on significant savings or worse yet, be endangering your finances and freedom by not knowing the basics.

Tax-smart options for your old retirement plan when you change jobs

There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement plan to get lost in the shuffle. But to keep building tax-deferred savings, it’s important to make an informed decision about your old plan. First and foremost, don’t take a lump-sum distribution from your old …

What is a Certified Public Accountant (CPA)?

A certified public accountant is an integral part of any public business. These individuals also must meet specific requirements and education levels.

Victim of Embezzlement? How to Claim a Theft Loss Deduction

A business may be able to claim a federal income tax deduction for a theft loss, but does embezzlement count as theft?

Do Your Nonprofit's Development and Accounting Departments Communicate?

Your accounting and development departments are central to the continued financial health of your not-for-profit. So what happens when communication between these two functions breaks down? It could result in conflict between staffers, inaccurate financial […]

Do's & Don'ts of Recordkeeping for Business Meal & Vehicle Expenses

If you’re claiming deductions for business meals or auto expenses, expect the IRS to review them closely to be sure they meet strict substantiation requirements.

Olsen Thielen Certified Public Accountants & Consultants

The IRS may define business property “repairs” as an “improvement,” and require the costs to be depreciated over a long period of time.

Finding the Right CPA

Buying a home requires a lot of planning to ensure you are financially stable in the future as well as anticipating its effects on your taxes. Visiting a certified public accountant (CPA) will allo

CFP vs. CPA: What’s the Difference and Who Should You Hire?

Certified financial planners and certified public accountants have different but complementary areas of expertise. You might want to work with an adviser who’s both a CFP and a CPA.

Things To Consider When Hiring A CPA

Hiring a certified public accountant, or CPA, can benefit you and your small business in various ways.

Do I need a CPA to do my taxes for my small business?

Beverly Collins's answer: You may need a CPA (Certified Public Accountant) to do your taxes for your small business, especially if your business has multiple employees, complex financial transactions, or if you want to ensure compliance with tax laws and regulations. A Small Business CPA has the ...

The Indicator from Planet Money: What happens when there aren't enough CPAs?

Nearly all professions are hurting for workers. That includes accounting firms in need of certified public accountants, who are responsible for tasks from balancing the books to fraud probes.

When to Hire a Tax Lawyer vs. a CPA

If you listen to the ads for all the free software and tax filing systems, you don't need a certified public accountant to do your taxes. But there are cases where a second set of eyes on your tax...

Can a Tax Preparer or CPA Save You More Money?

If you're like most taxpayers, you may not need either a tax preparer or a certified public accountant (CPA). There are exceptions, though. Maybe you're self-employed, own a small business or have lived in several jurisdictions. In these cases you … Continue reading → The post Differences in Hiring a Tax Preparer vs. a CPA appeared first on SmartAsset Blog.

How CPAs Can Manage Vendors and Still Focus on Their Core Business

Organizations must focus on their core business – and that often means hiring vendors and service providers to perform tasks which fall outside of that core. A prime example of this is upgrading your organization’s information technology structure. While you may know exactly what you want and how to go...

10 Simple Tips Any CPA Can Use to Strengthen Client Relationships

Do you remember a time when sending a note meant writing a handwritten letter? When speaking on the phone always meant calling a landline? Today, email and smartphones often replace those forms of communication. Don’t get me wrong – it is great to be able to reach someone in a...

A CPA’s Guide to Vulnerability Scans

Vulnerability management is an often-overlooked part of CPAs’ and accounting firms’ security position. Vulnerability scanning and remediation are the core of vulnerability management.

Are FKA Twigs and Matty Healy Dating?

4 technology gift ideas for CPAs

This article discusses some gadgets and gizmos that might make a CPA's life a little bit better — or at least more fun.