Savage Accountancy Blog
Paycheck Protection Program: Tracking Loan Expenses
It is becoming increasingly difficult for small businesses to pilot through the shifting information trends during this COVID-19 pandemic. Most business owners are not current on details related to the available coronavirus relief programs, e.g., the Paycheck...
What COVID-19 Means for Taxes and Business Valuation in 2020
The coronavirus pandemic has had a significant effect on many aspects of American life, including the requirement to file taxes. Understanding the tax impact of COVID-19 will help you to make the most practical decisions for your business. Here are some of the most...
Top 10 Accounting Tips to Save Your Small Business Time and Money
Small businesses have a lot of details to oversee to remain competitive. Accounting is a factor that plays a vital role in business. It helps you document your income, track expenses, monitor taxes, ensure compliance, inform investors, and more. All of these guide you...
How Carmel Business Owners Can Reduce Their Taxes
This is the time of year that business owners dread, tax season. In California, business tax preparation is especially stressful because of the oppressive tax laws of this state. High taxes combined with strict business regulations have led many business owners to...
Why You Need an Accountant for Your Non-Profit Organization
Unless your non-profit is specifically chartered to provide finance and accounting services, you probably didn't choose the non-profit sector so you could crunch numbers all day. Yet without proper non-profit fiscal management from the start, you could very well find...
A Guide to Estate, Trust, and Gift Tax Planning
Throughout a lifetime, one usually creates and acquires assets. During this accumulation phase, one should develop a strategy for maintaining these assets and not jeopardize an unplanned liquidation through a lack of preparation. Additionally, the services of a good...
Top Tips to Know About Payroll
Payroll can be a very daunting task unless it is appropriately handled. When that is not the case, businesses run the risk of upsetting employees, plus they could be hit with penalties and interest for not reporting payroll taxes by government regulations. Every...
What is a Business Valuation and Why You Need One
A business valuation is information about the market value of your business from a business appraiser. This information could help you to prepare for making important decisions. The market value can be used to evaluate your financial position to qualify for a loan....
Choosing Between Cash and Accrual Accounting: A Guide by Savage Accountancy
Every business operates with an accounting system that meticulously tracks transactions and monitors the organization's financial activities. These systems can record sales in two primary ways. Under the cash method, sales are recorded at the actual time of the...
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