4 Key Differences between Accounting & Finance

While many small businesses use accounting and finance interchangeably, they are two separate and distinct functions. It’s important for businesses to know the difference between the two because it is often the difference between whether you are focusing on past performance or future expectations. Most businesses recognize a need for accounting solutions early on due […]

199A: Qualified Business Income Deduction

Established in the Tax Cuts and Jobs Act (TCJA) of 2017 under Section 199A, the Qualified Business Income (QBI) deduction allows taxpayers a deduction of up to 20% of income received from a sole proprietorship or pass-through businesses (e.g., partnerships, S corporations, trusts, and estates). You may also hear of it referenced as simply a […]