Accounting Tips

What Exactly is a CFO?

Updated: 11 months ago

Can Welker & Company CPAs do my bookkeeping and taxes?

Updated: 11 months ago

What Is Bookkeeping And Why Do I Need It? I Can Call My Bank For My Account Balance Whenever I Need It

Updated: 11 months ago

Should You File An Extension?

Updated: 1 year ago

One of the most common topics we get asked about, year after year, relates to filing extensions.

When To Call Your Accountant

Updated: 1 year ago

It's February, and you have a little over a month before the March 15th filing deadline for your business returns. Do you have everything ready for your accountant? How do you know if you're missing something?

Who Files 1099's and When

Updated: 1 year ago

In a nutshell, a business owner (even a sole proprietor!) must file 1099s to non-employee individuals that were paid $600 or more in the course of business during the past calendar year.

Save Money On Your 2011 Returns

Updated: 1 year ago

Now that it's after year-end, all is not lost as far as tax planning goes. There are still some things you can do to save money on your 2011 returns. Here are a couple of ideas.

Hiring Your Children

Updated: 1 year ago

Believe it or not, employing your children is actually a very effective way to shift income and save money on your taxes. This strategy is sound if you own a business, or even an income-producing property.

Employee vs. Subcontractor

Updated: 1 year ago

To hire or not to hire? That is the question! Actually, the real uncertainty is often whether or not the person working in the organization is an employee or a subcontractor.

Do you know the best way to calculate vehicle expense?

Updated: 1 year ago

Since there are two ways to take a deduction for the business use of your vehicle (1 - using the actual expenses or 2- taking the IRS standard mileage rate), you'll have to decide on one of them.