The Quantify Blog

The Section 199A Deduction: Part 1

January 18, 2018

One of the most complicated sections of the new tax legislation (The Tax Cuts and Jobs Act) is the new Section 199A deduction.  I must admit that when I first read the proposed laws for this section, my mind was spinning.  After reading through it multiple times I now have my head wrapped around the…

Exciting News!

January 11, 2018

Happy New Year! I hope everyone is off to a great start in 2018. We have some exciting news to announce here at Quantify. We have been working on a price quote system on our website and it has officially been rolled out. Before I post the link, I want to make two quick points…

Pump the Brakes on Converting to a C Corporation

January 11, 2018

It’s the beginning of the new year and it’s about that time to start thinking about your taxes again.  Of course, completing your 2017 taxes by April are most likely the #1 thing on your mind.  #1a should be figuring out how to take advantage of the new tax reform.  There are many key changes…

Merry Christmas!

December 22, 2017

I can’t believe another year has come and gone. First off, I want to wish everyone a Merry Christmas and Happy New Year! First and foremost we want to thank everyone who has had an impact on us over the past year. From all of our amazing clients, to our business colleagues and also our…

Get Ready to File Your 1099-MISC Forms

December 22, 2017

With December rapidly coming to a close, 2018 is right around the corner.  At the end of every year, every business who hires outside services such as contractors, has a potential Form 1099-MISC filing requirement in early 2018.  The 1099-MISC seems to cause a great deal of confusion each year for which payments require filing,…

Don’t Lose Focus

December 14, 2017

I am a die-hard Eagles fan. Still seeking our first super bowl title, I have been through some tough times. We have had some really good teams in the past but this year team was probably the most special I have ever seen. Before last week we were 10-2 with the league MVP leading the…

Year End Planning for Tax Reform

December 14, 2017

The 2017 tax year is rapidly coming to a close and we have now seen the Senate and House pass different versions of tax reform bills.  While the two bills have some key differences that need to be ironed out, we do know that major changes are forthcoming.  So how do you go about planning…

It’s Time to Start Playing Like a Varsity Player

December 8, 2017

A few weeks ago I took on a basketball coaching job. My buddy is the head JV coach as Downingtown East High School. He said he was looking for some help and asked if I was interested. I was hesitant at first but thought would be a great opportunity to invest in the kids and…

Gratitude

November 30, 2017

Gratitude is defined as “the quality of being thankful; readiness to show appreciation for and to return kindness”. Simple, yet profound. This past week we celebrated Thanksgiving. A time to get together with friends and family. A time to reflect on everything we are grateful for. Oh and of course a time to eat lots…

What Is the Right Level of Accounting for Your Business?

November 30, 2017

Can you believe Thanksgiving has passed and the year is quickly coming to a close?  I trust you had a safe and enjoyable Thanksgiving holiday with your family and friends.  As we are ramping up on year-end tax planning and determining final year-end closing procedures for our clients, I thought it was a great time…

Love the Process

November 8, 2017

If you know me or have followed along with my blog for any period of time, you know that I am an avid outdoorsman. I specifically love chasing big mature whitetails this time of year. For me, it is a yearlong pursuit that never ends. When one hunting season ends, scouting for the next season…

Do You Qualify for the R&D Tax Credit?

November 8, 2017

This past week I was asked by one of our long-time clients to look into potentially claiming the Research & Development (R&D) tax credit under Internal Revenue Code Section 41.  I must say, the criteria for being able to claim this credit is quite complex.  For those innovative companies who are unsure if they qualify,…