An Income Statement is the most important financial statement for a business. This accounting statement allows you to track revenues and expenses so you can determine the operating performance of your business over a period of time in order to determine which areas of the business are over or under budget. At CE Thorne, CPA, […]
Our country faces unprecedented times and we are here to provide some assistance in any way we can to help our great clients. Here are some helpful tips to keep your business moving during the COVID crisis.
March 20, 2020 update from the U.S National Treasury: In response to the COVID-19 coronavirus crisis, the deadlines to FILE and PAY federal income taxes are extended to July 15, 2020. This relief applies to all individual returns, trusts, and corporations. This relief is automatic, taxpayers do not need to file any additional forms or call the IRS to […]
Do you know about the gift tax? Here is a guide to understanding your responsibility for donations and other monetary gifts.
Learn the common mistakes small business owners make on their taxes that end up costing them money and increasing their risk of audits so you know how to avoid them this tax season.