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An adoption tax credit is a tax credit offered to adoptive parents to encourage adoption. Section 36C of the United States Internal Revenue code offers a credit for “qualified adoption expenses” paid or incurred by individual taxpayers.

What is a workflow?

A workflow is a list of repeatable tasks that need to be performed in order to achieve a particular business goal. A workflow documents the procedures and processes that form an organization’s “assembly line,” so to speak—the order of steps that need to be performed to get from start to finish.

Trump administration officials and congressional Republican leaders are negotiating the terms of a tax reform bill. While they have not introduced legislation or a detailed plan, here are some of the latest news items detailing what we know so far about their goals and possible intentions with respect to taxation of income flowing through pass-thru entities—and only applying to pass-thru entities.

What with all the talk about “cash flow” and “cash flow management,” it’s worth your while to gain a better understanding of what these terms actually mean.

Positive cash flow, for example, does not mean the business is profitable.

This article tries to draw attention to the role that accountants could play as business advisors within your business. Historically, accountants occupied the position of “bean-counters,” which essentially focused on what happened in the past, not on what the future of the business holds.

This has changed, and it’s important to understand the dynamics of how it works in today’s business context.

When choosing for the right qualified CPA for your business, the goal is to find a business advisor who is qualified to help take you from point A to point B—the long haul, in other words. The plan is to find the right complimentary relationship.

Before getting into a discussion of common bookkeeping mistakes, it is worthwhile to address the importance of sound bookkeeping in general.

One of the most significant, if not the most significant function within any secure business is that of risk management. Risk Management equates to having a set of policies and procedures in place that are designed to mitigate losses caused by a myriad of circumstances including natural disasters (floods, tornados, hurricanes, etc.).

A green business is a business that cares about its profitability while at the same time is constantly attentive to the impact the business has on the environment.