Yesterday, Treasury Secretary Mnuchin announced plans for the federal government to allow a deferral of tax payments for individuals up to $1 million and Corporations up to $10 million originally due April 15th to be paid by July 15, 2020, without incurring a penalty and interest charges. The filing deadlines of those returns have not been automatically extended, so individual and C Corporation returns without a filing extension, are still due on April 15th.

Business clients often ask us:  Should we outsource our accounting needs?  What exactly are the benefits we can expect?

In small businesses, we often see owners or employees who struggle to effectively balance several competing job responsibilities.  Examples include an office manager who is forced to manage human resources and administrative functions while trying to do bookkeeping as well.  Other situations include business owners who try to manage their company’s growth but don’t want to relinquish control over the finances.