Have you considered investing in cryptocurrency but wonder what the tax ramifications will be? Although the IRS is still playing catch-up with crypto technology, they have issued some basic guidance (Notice 2014-21) which helps us answer this question. The IRS has ruled that cryptocurrencies are to be considered “property” for tax purposes, rather than “currency,”…
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We are happy to share that an anonymous donor has honored Robert Wiebe’s legacy with a $50,000 donation to establish the Robert Wiebe Accounting Scholarship at the Craig School of Business at California State University Fresno. The fund is open to additional contributions in memory of Robert and to help grow the local accounting field…
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Are you suddenly trying to figure out how to be successful while working remotely? Shortening your commute to just down the hall and trading the dress shoes for slippers might sound lovely but with it comes a unique set of challenges. It requires learning how to limit distractions and uphold productivity while maintaining work/life boundaries.…
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All good business owners know that time is a valuable asset, so you need ways to make accounting easier. Investing copious amounts of time into QuickBooks isn’t always the best option. We’re firm believers that you shouldn’t have to do a lot of data entry style accounting to reap the benefits of great financial information. There are several…
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Has your business grown so much that simple tasks are turning into huge challenges? You might be up against the Law of Diminishing Returns. Here’s what I mean and my top three solutions for scaling a growing business: Scalability – the capacity to be changed in size or scale. The Law of Diminishing Returns – used to refer…
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Controllers have a reputation for being stressed out, anti-social and negative. Some think it’s because they deal with numbers and a calculator all day, but it’s much more complicated than that! Consider what your Controller does (or should be doing) for your business before giving them a hard time: 1. One Department To Serve Many Your…
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