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Valuable Business Articles & Updates

Have You Outgrown the Year-end Accounting Approach?

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...

Year-End Bonuses: Tax Issues for Employers and Employees

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...

Six Reasons TMA May not be a Good Fit for your Business

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...

Hit the Ground Running: 7 Tips for New Business Owners

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...

Leveraging the Power of Your Company's Managers

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...

Tips to Boost Hiring Success

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...

Ask the Right Questions When Growing the Family Business

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...

Advantages of Group Term Life Insurance as an Employee Benefit

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...

5 Ideas to Help Small Business Owners Reduce Taxes for 2023

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...

What Makes TMA Accounting Different from Other Accounting Firms?

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,...

Why an Accounting Service is Worth the Cost for Your Small Business

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...

Know the Rules Before Your Organization Brings in Interns

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...

Federal Tax News for Individuals

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...

Update on New Retirement Account Catch-Up Contribution Rules

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...

Will Your Crypto Transactions Be Reported on a Form 1099?

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...

Why is Good Bookkeeping so Difficult (and Important)?

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...

Protect Your Company Retirement Plan from an IRS Attack

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...

How does TMA Accounting Determine the Prices it Charges to Clients?

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...

2023 Q4 tax calendar: Key deadlines for businesses and other employers

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...

How Does Better Bookkeeping Help Me Understand Profitability and Taxes?

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...

What Services Does TMA Accounting Provide?

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...

How to Transition to a New Accounting Firm

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...

What Can You Do to Lower Your 2023 Tax Obligation?

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...

4 Strategies to Strengthen Your Small Business

3 min read

4 Strategies to Strengthen Your Small Business

Even at the best of times, the future is unpredictable. As anyone who has run a business for any length of time understands, there will often be...

Beware of a 100% Personal Liability Penalty

3 min read

Beware of a 100% Personal Liability Penalty

A "100% penalty" can be assessed against a responsible person when federal income tax and/or federal employment taxes are withheld from employee...

The advantages of using an LLC for your small business

2 min read

The advantages of using an LLC for your small business

If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your...

WHAT YOU SHOULD EXPECT FROM A GREAT ACCOUNTING TEAM

2 min read

What You Should Expect from a Great Accounting Team

A Great Accounting Team AND YOUR NEEDS! One of the challenging things a small business owner must do is to create and maintain accurate and reliable...

6 Types of Payroll Tax Obligations Employers Should Know

3 min read

6 Types of Payroll Tax Obligations Employers Should Know

There's more to paying taxes than just federal and state income taxes. Another major tax chore for employers is payroll taxes. These expenditures can...

PAYROLL DEDUCTION IRAS ARE A NO-COST BENEFIT

1 min read

Payroll Deduction IRAs Are a Cost-Free 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...

STRONG BILLING PROCESSES ARE CRITICAL TO HEALTHY CASH FLOW

2 min read

Strong billing processes are critical to healthy cash flow

Once a business is up and running, one fundamental aspect of operations that’s easy to take for granted is billing. Often, a system of various...

RISK MANAGEMENT 8 WAYS TO REDUCE BUSINESS INSURANCE COSTS

3 min read

Risk Management: 8 Ways to Reduce Business Insurance Costs

How much money is your business spending on insurance products? Insurance is often a major business expense, and it can be a lifesaver when the...