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Numerous tax limits affecting businesses have increased for 2020
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business. Social Security tax The amount of employees’ earnings that are subject to Social Security tax is capped for 2020 at $137,700 (up from $132,900…
Read MoreCost management: A budget’s best friend
If your company comes up over budget year after year, you may want to consider cost management. This is a formalized, systematic review of operations and resources with the stated goal of reducing costs at every level and controlling them going forward. As part of this effort, you’ll answer questions such as: Are we operating…
Read MoreYear-End Planning for Individuals
On December 22, 2017, President Trump signed sweeping federal tax reform into law, which significantly changed the U.S. tax system for both individuals and businesses. The changes under the new tax law are extensive and complex. They may also provide opportunities for additional tax savings. In order to maximize these savings, we will need to…
Read MoreThe Virginia Society of CPAs (VSCPA) has officially launched the Center for Innovation!
The Virginia Society of CPAs (VSCPA) has officially launched the Center for Innovation! George Forsythe, CPA, Managing Partner of WellsColeman and the Chair of the VSCPA Center for Innovation Advisory Council is the Featured Innovator. Click here to hear from George on why innovating in the workplace is so important. The Center for Innovation is designed to…
Read MoreSpring 2017 – Alliance Newsletter
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Read MoreVideo Series
WellsColeman kicks off Friday Feature video series on CPA Secrets to a Better Business. (Week 1) Friday Feature: This week’s theme is Acquiring Financing. Are you making the right decisions when it comes to seeking financing? Check out our latest video in the series to learn more. Acquiring Financing – Series Video #1 (Week 2)…
Read MoreWinter 2017 – Alliance Newsletter
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Read MoreBDO Alliance USA Members
WellsColeman joins the BDO Alliance USA WellsColeman has joined the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms with similar client service goals. As an independent member of the BDO Alliance USA, WellsColeman can expand the services offered to clients by drawing on the resources of…
Read MoreSpecial Report
Post-Election Tax Policy Update
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