The Quantify Blog

Hidden Gem For C-Corporations: Part 2

August 6, 2018

Last week we discussed a hidden gem of the tax code for C Corporations, Section 1202 Qualified Small Business Stock.  This week, I want to discuss another significant tax savings of the tax code for C Corporation owners – Section 1244. What is Section 1244? IRC Section 1244 allows certain shareholders of Qualified Small Business…

Work Smarter, Not Harder – Not so Fast

August 6, 2018

When I graduated college in May of 2009, my immediate goal following that achievement was to pass the CPA exam. I didn’t start my full-time job until September so I had the entire summer to pass as many sections of the four-part exam as I could. It was a grueling process. I averaged 8 hours…

Hidden Gem For C-Corporations: Part 1

July 26, 2018

One of the major tax breaks that the new tax laws provided was the implementation of the 21% flat Federal tax rate for C Corporations.  Because of this, many existing companies may look to convert their existing business structure to a C Corporation while some new entrepreneurs may also want to consider C Corporations. Since…

Don’t Let the Customer Tell You How to Do Your Job

July 26, 2018

I first want to thank you all for your patience and continuing to follow along with the blog. There has been a lot going on recently on the personal front so I have had to put some things on the back burner. However, we are ready to start writing again and are looking forward to…

Is a Bookkeeper All I Need for My Business?

June 7, 2018

This is a very common question among business owners. At times it can be hard to determine the level of accounting service you might need for you business. Let me see if I can shed some light on this situation. When Alex and I first started The Quantify Group, our focus was doing tax return…

5 Reasons You Should Be Using QuickBooks Online

June 7, 2018

Since I have started my endeavors with The Quantify Group, I have been on countless prospective client meetings.  Most of the prospects are small business owners who keep their accounting records on the desktop version of QuickBooks or a comparable program.  After I learn this fact from them, my first question to the owner is…

“My Accounting Function Is Just Another Expense”

May 31, 2018

If I had a penny for every time I heard this, I would be sitting on a beach right now. I know what you’re thinking. “Here comes the sales pitch”. I am not going to lie. I am extremely confident in the work that we do for our clients and that value that we add…

Anddddd We’re Back… Again

May 17, 2018

Welcome back! It has been a while since my last blog post. Things got a little crazy during tax season and we have taken the last month to get back in the groove. However, spring is here and its time to get the blog going again. I love writing, interacting with you all and trying…

Depreciation Changes for 2018

May 17, 2018

Tax season 2018 is finally over and now we can all focus more on how this years’ taxes will be playing out.  Hopefully you worked with your tax accountant on your 1st quarter estimates for you business and personal taxes.  If you haven’t looked at this yet, I strongly suggest you do so immediately.  Please…

Section 179D Deduction

March 8, 2018

This week I wanted to bring to every business owner’s attention the IRC Section 179D deduction.  For those who may have never heard of this part of the tax code, the Energy Efficient Commercial Buildings Tax Deduction under IRC Section 179D was enacted as part of the Energy Policy Act of 2005.  The law was…

5 Reasons You Should Outsource Your Accounting Function

March 8, 2018

Outsourcing functions of your business is becoming a much more popular and viable option in today’s marketplace. Companies are able to outsource all sorts of functions including human resource, sales, IT and of course, accounting. Today I want to touch on a few of the advantages of outsourcing your accounting function as opposed to hiring…

5 Ways a Strong Accounting Function Can Grow Your Business

March 1, 2018

Many successful entrepreneurs view the accounting function in their business as an important investment. I know what you are thinking. Of course he is going to say that, he does accounting! Don’t take my word for it. Take a poll of some of the most successful entrepreneurs you know and ask how they value the…