Identity Theft is a real and growing problem for everyone, according to a recent article by Experian, in 2017 an astounding 1,579 data breaches were reported which exposed 179 million records with sensitive information. Unfortunately, the problem is growing, and
Polaris Tax & Accounting
There’s a difference between an Accountant and a Trusted Advisor, we take a proactive approach to Accounting and Tax so that we can become an integral part of your team and help you achieve your goals. At Polaris Tax & Accounting we put the priority on being proactive and ensuring you have a Trusted Advisor rather than just an Accountant.
Website:
https://polaristaxandaccounting.com/
Latest from Polaris Tax & Accounting - Page 2
Common QuickBooks and Bookkeeping Mistakes (and How to Fix Them)
By Joe Serrone
Accounting errors can be costly, if you are audited and you are found to have understated your income, you will probably end up paying significant penalties and interest. In this article we review some of the most common QuickBooks and…
Where did the money go? Understanding the Cash Flow Statement
By Joe Serrone
My Profit and Loss Statement shows that the business is making a profit so why don’t I have any cash in the Bank Account? Where did the money go? This is a very interesting question that does come up from…
Virtual Accounting Firm, what are the benefits of working with one?
By Joe Serrone
Today accounting firms are becoming more and more virtual, allowing firms to reduce overhead costs, giving employees a better work-life balance and in the process, passing significant benefits to their clients. In this article we explore some of the benefits…
How much does outsourced accounting cost?
By Joe Serrone
We are often asked by prospective clients how much does outsourcing their business accounting cost each month? The short answer to this question is: It depends. Company size, number of transactions flowing through your accounts on a monthly basis, the…
The Trusted Advisor
By Joe Serrone
A 2018 survey conducted by Accounting Today reveals that most business owners want their Accountant to be their Trusted Advisor, not just a professional that can assist them with Accounting and Tax. But what are the qualities and benefits of…
Avoid these Four Common Businesses Tax Errors
By Joe Serrone
Business owners often wear many different hats, from Marketing Specialist to Chief Financial Officer. When it comes to Accounting and Taxation, you might be tempted to implement a DIY approach rather than engage with an Accounting Firm to assist in…
2019 Last-Minute Year-End General Business Income Tax Deductions
By Joe Serrone
The goal of this strategy is to get the IRS to owe you money. Of course, the IRS is not likely to cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize…
Law Firm Accounting, Pitfalls and Best Practices
By Joe Serrone
Law Firms often struggle to properly setup, manage and maintain an effective Accounting process. You are an Attorney, not an Accountant, and Law Firm Accounting can be very challenging. In this article, we explore Accounting Best Practices and Pitfalls for…
Tax Issues of Converting Your Residence into a Rental Property
By Joe Serrone
The simple maneuver of converting your personal residence to a rental property brings with it many tax rules, mostly good when you know how they work. The first question that arises when you convert a personal residence into a rental is…