PWCPA Blog
5 Signs Your Accounting System Isn’t Up to CAS and FAR Standards
In order to work on government contracts, your accounting system must measure up to the Cost Accounting Standards (CAS) of Federal Acquisition Regulation (FAR). These regulations often differ from basic accounting methods, and it’s important you’re using an accounting...
Important Info and Tips for Setting Up a College Savings Account
Student loan debt in the US recently surpassed $1.7 trillion. As the price of a higher education continues to climb, so does the demand for college-educated workers. This makes attending college a virtual necessity in the job market, while also making it incredibly...
In-House or Outsourced: What’s the Better Option for Your Accounting?
Businesses typically have two options for meeting their accounting needs: in-house or outsourced. Once your company reaches a point that you need a professional accountant, knowing which option to choose can be difficult. How do you determine which option is best for...
7 Elements to Making Your Accounting System DCAA Compliant
DCAA compliance is a requirement for all government contractors. But for those just breaking into government contracting, DCAA compliance can be complicated to sort out—especially when it comes to your accounting methods. Proper accounting can be difficult for any...
Major Tax Deductions and Credits that Many People Miss
Tax deductions and credits can make a big difference in how much you owe on your tax return—and that’s true for individuals and businesses alike. However, too many people are unaware of all of the deductions and credits they qualify for, and they end up missing out on...
5 Essential Financial Documents for Securing a Home Loan
Buying your first home can be an exciting experience—but it can also be quite stressful. It’s important to follow the proper steps and secure a mortgage loan in order to close on your dream home. While you may already be preapproved, final approval of your home loan...
Benefits of Having the Same Accountant for Your Books and Your Taxes
No matter how effective you are at handing your personal finances and tax returns, your business’s financial needs are an entirely different matter. Not only do business finances tend to be significantly more complex, but you also have very specific requirements you...
How Your Business’s Corporate Structure Impacts Your Taxes
One of the first things you must do to officially establish your business is to select a corporate structure. If you’re setting up a business for the first time, it’s important that you consider all of the ways in which your business structure can impact your company,...
Important Tax Advice for New Business Owners
Starting up your own business requires a lot more than just coming up with a product and service to sell. Establishing and building up your business involves a lot of small details that you have to take care of as a new business owner. One of those things you have to...
