TMA Accounting

2 min read

The Tax Implications of a Company Car

TMA Accounting:

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This benefit results in tax deductions for...

IRS Detects New Phishing Scam

TMA Accounting:

The IRS announced it has detected a new phishing scam involving unsolicited emails from IRS imposters. Subject lines on the phony emails include...

2 min read

Should you Elect S Corporation Status?

TMA Accounting:

Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the...

3 min read

Another Massive Data Breach: How to Help Protect Yourself

TMA Accounting:

The news of another massive online data breach may make you feel powerless to safeguard your financial privacy. But you can take some concrete steps...

3 min read

Changing Jobs? What Will Become of Your 401(k) Balance?

TMA Accounting:

1 min read

Employers: Be Aware (or Beware) of a Harsh Payroll Tax Penalty

TMA Accounting:

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh...

2 min read

Odd Word, Cool Concept: Gamification for Businesses

TMA Accounting:

“Gamification.” It’s perhaps an odd word, but it’s a cool concept that’s become popular among many types of businesses. In its most general sense,...

2 min read

What Type of Expenses Can’t be Written Off by Your Business?

TMA Accounting:

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t...

2 min read

Which Entity is Most Suitable for Your New or Existing Business?

TMA Accounting:

The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax...

2 min read

Devote Some Time to Internal Leadership Development

TMA Accounting:

Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and...

2 min read

How Entrepreneurs Must Treat Expenses on Their Tax Returns

TMA Accounting:

3 min read

Starting a Small Business

TMA Accounting:

Regardless of what type of business you are planning – be it an online or home business, or a start-up with grand plans for expansion, it is easy for...

1 min read

Financial Statements Tell Your Business’s Story, Inside and Out

TMA Accounting:

Ask many entrepreneurs and small business owners to show you their financial statements and they’ll likely open a laptop and show you their...