Blog

1. Let’s Talk Turkey

   Let’s face it – I am looking forward to a long holiday weekend with my family and I am tired of talking taxes – so let’s look at Thanksgiving by the numbers instead.   My father will be visiting from …

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2. A time to be Thankful

   November is a time to be thankful and to share our wealth with those who are not so fortunate. All over Fort Wayne food drives for donations to local food banks abound, Christmas presents are being collected for children and …

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3. Happy Veterans’ Day

   SBS is proud to have two partners that are veterans – one of the US Navy and one of the US Army/National Guard who served in Iraq.  As we reach out a huge thank you to all of our veterans …

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4. Taxation and Deductibility of Christmas Bonuses and Gifts

   It is the time of year when the snow is beginning to fall and plans are being made for the annual holiday parties. With the economy turning around, some employers may be thinking about rewarding their employees with bonuses or …

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5. The Importance of Separate Business and Personal Bank Accounts and Bank Reconciliations

   People often ask me about best practices for maintaining accounting records for small businesses. The hands down best practice is to have a separate bank account (in the business name) which 100% of business transactions are run through. If you …

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6. Downloading Transactions Directly into QuickBooks

   Being effective and efficient is a must in this fast paced and ever changing world.  Something that I do to create efficiency (especially with larger client bank accounts) is to directly download transactions from various banks into QuickBooks.  This is …

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7. Indiana Unemployment Taxes for employers

   Almost every employer in the state of Indiana has an account with the Indiana Department of Workforce Development and pays taxes to this agency.  These taxes are NOT deducted from the employee’s paychecks; instead it is a cost born entirely …

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8. Affordable Care Act Compliance

   Many Americans have strong feelings about the Affordable Care Act (ACA) often called “Obamacare.”  The ACA is a large and complicated law and it is very difficult to understand.  A portion of the burden for implementation is being forced onto …

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9. Deducting Medicare Premiums for the self employed

   The Internal Revenue Service has formally changed their long standing position on the deductibility of Medicare premiums for the self employed.   To make a long story short the self employed now can deduct medicare premiums (all parts) from self …

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10. Are your 2012 Taxes Filed?

     If you filed for an extension to file your 2012 income taxes, time is running out!  If you would like SBS to prepare your taxes for you, please give us a call as soon as possible to make sure we have …

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