4 min read
Answers to Common Payroll Questions
Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change....
2 min read
Can You Require a Switch to Direct Deposit?
It may not be long before paper paychecks go the way of the five-and-dime store and the VCR. They may soon become obsolete as "direct deposit" into...
2 min read
QuickBooks – Pros and Cons for Small Businesses
QuickBooks is by far the most popular software system to streamline bookkeeping for small businesses, with many programs in its arsenal. Among them,...
1 min read
What Accounting Services Does My Small Business Need?
One of the most common statements we hear from prospective clients is, “I don’t know what services my business needs.” At first glance, accounting...
1 min read
Payroll Deduction IRAs Are a No-Cost Benefit
If you've considered setting up a retirement plan for your employees and decided it was too costly or too much trouble, there is an alternative. No...
3 min read
LLC: A Blueprint to Limit Liability and Cut Taxes
There is generally no one legal structure that works best for all businesses. The most favorable choice depends on a number of factors, including the...
2 min read
The IRS Has Announced Increased Retirement Plan Benefits for 2024
With the 2024 tax year right around the corner, there's good news coming from the IRS. According to a recent announcement from the tax agency (Notice...
2 min read
Be a Hands-On Owner to Maximize Profits
Over the years, McDonald's has been able to sell hundreds of billions of hamburgers. The business started with a single drive-in burger stand started...
1 min read
Have You Outgrown the Year-end Accounting Approach?
When you start a small business, many items are on your to-do list. While bookkeeping, accounting, taxes, and payroll may not be your favorite...
2 min read
Year-End Bonuses: Tax Issues for Employers and Employees
The holidays are often referred to as "the most wonderful time of year" — and, for some people, that's due in part to their year-end bonuses. While...
2 min read
Six Reasons TMA May Not Be a Good Fit for Your Business
We believe that investing in good accounting processes can benefit most small businesses. While we love helping small business owners, not everyone...
3 min read
Hit the Ground Running: 7 Tips for New Business Owners
Launching a new business can be a daunting endeavor. As soon as you form the company, you'll face many important decisions — ranging from the mundane...
2 min read
Leveraging the Power of Your Company's Managers
The strength of every business is its people. But if your top managers aren't getting the most from their respective teams, your company is operating...
1 min read
Tips to Boost Hiring Success
It's the goal of every boss: Hire the right person to fit the right job. To achieve this goal, put more time and energy into a job analysis, which...
1 min read
Ask the Right Questions When Growing the Family Business
Profit growth and business expansion are two key goals for many family businesses. In order to successfully reach your targets, however, you must...
2 min read
Advantages of Group Term Life Insurance as an Employee Benefit
Tax-favored fringe benefits can help your business attract and retain skilled workers. One benefit that's been around for decades and is typically...
6 min read
5 Ideas to Help Small Business Owners Reduce Taxes for 2023
As year-end approaches, small business owners should review their tax situations to determine ways to lower federal income taxes for the current tax...
2 min read
What Makes TMA Accounting Different from Other Accounting Firms?
Each accounting firm or service provider has their own way of operating and serving their clients. While the goal for each is ultimately the same,...
2 min read
Why an Accounting Service is Worth the Cost for Your Small Business
Running a small business requires the owners to juggle a lot. These tasks can take up much, if not most, of your time. So, it can be hard to keep...
3 min read
Know the Rules Before Your Organization Brings in Interns
If you have a backlog of projects piling up because there just aren't enough hours in the day, you may consider hiring interns to help you get caught...
2 min read
Federal Tax News for Individuals
Tax season is long over, but tax scams are thriving. The IRS is warning taxpayers about emails and text messages that promise refunds and credits but...
3 min read
Update on New Retirement Account Catch-Up Contribution Rules
The Setting Every Community Up for Retirement Enhancement (SECURE) Act brought numerous changes to the retirement and estate planning landscape in...
3 min read
Will Your Crypto Transactions Be Reported on a Form 1099?
Some taxpayers may be unaware of all the federal tax reporting requirements for cryptocurrency transactions — especially when it comes to issuing and...
2 min read
Why is Good Bookkeeping so Difficult (and Important)?
TMA Accounting has been helping small businesses with their bookkeeping for nearly 25 years. While a lot can happen in 25 years, we appreciate our...
1 min read
Protect Your Company Retirement Plan from an IRS Attack
When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore...
2 min read
How does TMA Accounting Determine the Prices it Charges to Clients?
TMA determines our regular fees based on a formula we’ve developed that considers the volume and complexity of the work to be performed. This...
1 min read
2023 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2023. Keep in mind that this...
2 min read
How Better Bookkeeping Helps Me Understand Profitability and Taxes
Often, small business owners juggle various responsibilities while trying to grow their business. Bookkeeping and tax compliance tasks often get less...
2 min read
What Services Does TMA Accounting Provide?
In the ever-changing landscape of running a small business, having a relationship with a reliable accounting firm can be a great asset to your...
2 min read
How to Transition to a New Accounting Firm
It is not uncommon for small business owners to find themselves working with an accounting firm that isn’t a great fit for their needs. A mismatch...
4 min read
What Can You Do to Lower Your 2023 Tax Obligation?
It's hard to believe that 2023 is already half over. Although summer is a time for vacations and relaxing in the backyard, you can't afford to take a...