Blog

  1. Thanksgiving Holiday

    The leaves have fallen and that means one thing – it is time for the holidays to begin! Next week we start with Thanksgiving.  We at SBS CPA Group hope everyone has a safe and enjoyable Turkey Day. Our office …

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  2. Hire a Veteran and Get a Tax Credit

    As we honor our veteran’s this Veteran’s Day, consider hiring a qualified veteran and get a tax credit! In 2015 the PATH Act was passed which allows a business credit for employers who hire workers in certain targeted groups, including …

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  3. The Lifetime Learning Credit

    All the schools are back in session now, even the late starting colleges are nearing fall break and midterm territory. But not everyone who is going back is on their first time around. Many Americans return to higher education to …

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  4. Individual Tax Deadline

    As 2017 starts to cool down, the deadline for extended individual tax returns fast approaches. The official date is 10/16/17, because the 15th falls on a Saturday and the government does not work on the weekends. If you have not …

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  5. Allen County Income Tax Rate Change!

    “Important!!” as their website says, Allen County has raised the local tax rate to 1.48%, up from 1.35%, as of October 1, 2017. If you handle payroll for Allen county, make sure to adjust accordingly to avoid under-withholding for employees. …

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  6. Who should prepare a small business income tax return?

    There are many business entities that can be chosen in the United States.  They are all taxed differently and choosing the correct type of entity is extremely important. If you are a sole proprietorship you will file a Schedule C …

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  7. Will Congress and President Trump lower my taxes this year?

    The short answer is maybe. There has been a lot of talk about large scale tax reform over the last eight months.  There is no written legislation at this point; in fact, the main six people who are negotiating tax …

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  8. Small business invoice factoring rarely a good idea

    Invoice factoring is a process by which a business gets cash up front by selling their receivables to a factoring company for a discount.  Lets say a large industrial contracting company located in Fort Wayne, Indiana is having cash flow …

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  9. Labor Day Holiday

    Well, the unofficial end of summer is upon us believe it or not! Enjoy the nice days because we all know what is just around the corner.  It will be tax season again before you know it. We at SBS …

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  10. The Great American Eclipse by the Numbers

    All the buzz on social media is about the Great American Eclipse.  Since we are accountants and like to deal with numbers let’s put some numbers behind it. The Great American Eclipse will happen on Monday August 21.  It will …

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