The Quantify Blog

No More Fun: Changes to the Meals & Entertainment Deduction

February 23, 2018

Since the beginning of the year, I have received countless questions from business owners regarding the new Section 199A deduction and if they should consider switching to C Corporation.  Understandably, these inquiries are right on the top of their mind along with “How much will my take home pay increase this year?”.  These are some…

WHAT. JUST. HAPPENED.

February 9, 2018

I am still in shock from what happened last Sunday night. I have been a die-hard Eagles fan my entire life and have waited 31 years for this moment. While my heart is telling me to write 2 pages of obnoxious bragging, I do think there are so many things that anyone (football fan or…

Changes to Alternative Minimum Tax

February 9, 2018

First, congratulations to all of my fellow Eagles fans out there on the Super Bowl win.  I have to say, I thought I would never see them win the Super Bowl in my lifetime.  I’m already looking forward to next year! Over the past few weeks, I covered the new Section 199A deduction as well…

6 Financial Reports to Help Grow Your Business

February 1, 2018

Having timely and accurate financial reports is crucial to the decision making process in your business. How can you make a smart decision if you don’t know the financial impact it will have on your business? I am going to assume that if you are a business owner, you are at least taking a look…

Understanding the Changes to Itemized Deductions & Exemptions

February 1, 2018

Over the past two weeks, I broke down the new Section 199A deduction (part 1 & part 2) for business owners.  This week I want to focus on some important changes to your personal tax write-offs.  More specifically, we will focus on some of the major changes to your 2018 itemized deductions from the passage…

Why Growing Your Revenue May Be a Bad Idea

January 25, 2018

I was having lunch with a very successful entrepreneur the other day. He told me a few years back he had 100 employees and now he only has 25. When he told me this was on purpose, I obviously had questions. He told me that his profit margin with 25 employees is much higher then…

The Section 199A Deduction: Part 2

January 25, 2018

This week we are going to dive even deeper into the new Section 199A deduction.  If you missed last week’s article on who qualifies for the deduction, I would recommend reading it before you begin this one.  This article will cover the complicated mechanics of calculating the Section 199A deduction that begins with the 2018…

3 Keys to Networking

January 18, 2018

It’s not what you know, it’s who you know. I am sure you have heard this saying at some point in your life. Heading up the business development at Quantify, I meet a lot of people and do a ton of networking. While I don’t claim to be a professional networker by any means, I…

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…