Understanding IRS Audits: What Triggers an Audit and How to Avoid It The thought of IRS audits can make even the most diligent taxpayer break into a cold sweat. While the chances of being audited are relatively low (less than 1% for most individuals), certain behaviors and financial practices can significantly increase your risk. Understanding […]
The Future of Accounting: Trends Small Business Owners Must Watch The accounting industry is undergoing a seismic shift, driven by cutting-edge technology, automation, and evolving client expectations. For small business owners in the USA, staying ahead of these changes is no longer optional—it’s essential for survival and growth. The future of accounting is here, and it’s smarter, […]
Payroll Taxes Explained: What Every Employer Needs to Know Navigating the world of payroll taxes can feel like stepping into a maze. As an employer, you’re not just responsible for paying your employees—you’re also tasked with managing a complex web of employment taxes, withholdings, and reporting requirements. At Spyglass Accounting and Financial Services, we understand how overwhelming this […]
Tax Preparation Checklist for Small Business Owners Tax season can feel like a maze for small business owners, but with a solid Tax Preparation Checklist, you can navigate it with confidence. Staying organized year-round not only reduces stress but also helps you maximize deductions and avoid costly mistakes. Here’s your ultimate guide to preparing your small […]
Understanding Social Security Tax Changes: What It Means for Retirees and Future Generations The taxation of Social Security benefits has been a hot topic in recent years, with proposals to eliminate these taxes gaining traction. While this might sound like a win for retirees, the implications are far-reaching, affecting everything from federal debt to future […]
California Wildfire Tax Relief: Key Deadlines Extended to October 15, 2025 – What You Need to Know The recent California wildfires have caused immense devastation for individuals and businesses. In response, the IRS has introduced essential California wildfire tax relief measures, including extended deadlines and penalty abatements, to help those impacted recover financially. If you’re […]
How to Create Custom Bookkeeping Reports That Drive Better Decisions Business decision-making is largely dependent on precise and customized financial data. Businesses are able for financial data analysis in a manner that suits their own requirements and objectives by using custom bookkeeping reports. Transforming raw data into actionable insights achieved by concentrating on the things […]
Eco-Friendly Bookkeeping: Paperless Bookkeeping Moving toward paperless bookkeeping is not only a trend but also a necessity in the current digital era. The dual advantages of increasing sustainability and efficiency are what are driving this change. Businesses can cut expenses, improve operations, and benefit the environment by adopting eco-friendly finance management. The future of paperless […]
Seasonal Bookkeeping Tips: Preparing Your Finances for Busy Periods Many businesses have different financial needs as the seasons change. Making sure your finances are ready for times of increased activity involves careful planning and effective administration. For busy days, efficient seasonal bookkeeping tips is essential since it helps them control cash flow variations and plan […]
Understanding Bookkeeping Compliance: What Every Business Owner Should Know Offering high-quality goods or services is not enough to run a successful business. The need of bookkeeping compliance is one area that frequently disregarded. Following business financial regulations and using legal bookkeeping practices will keep your company stable and keep you out of trouble with the […]
