The Quantify Blog

“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…

Pennsylvania 1099 Withholding Changes

March 1, 2018

Late last year, the state of Pennsylvania made a major announcement with regards to out-of-state sub-contractors working for Pennsylvania companies.  Starting 1/1/2018, a Pennsylvania company paying an out-of-state contractor will be required to withhold the 3.07% Pennsylvania taxes on the payment.  Recently Pennsylvania has changed the required date of the withholdings to commence on 7/1/2018…

6 Things I Wish I Knew When Starting My Business

February 23, 2018

Starting a business is hard. There are so many things I wish I knew before starting mine. Looking back, there are 6 things I would have told myself before opening the doors on day one that would have made my journey much easier… 1) Networking & Relationships I feel like every other week I preach…

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…