Blog - LLB CPA

July 27, 2020 By Larry L. Bertsch, CPA and Associates

Dirty Dozen Tax Scams to Be On the Lookout for in 2020

The IRS just updated its annual list of “Dirty Dozen” tax scams for 2020 with a special emphasis on the unique threats presented by the COVID-19 pandemic. Tax scams are a perennial threat to taxpayers, but the current crisis affords scammers more opportunities to strike than ever before. While some demographics are historically vulnerable to tax scams, today, everyone is at risk of falling prey to them, thanks to the ever-changing nature of the public and private responses to the pandemic. Knowing what types of “Dirty Dozen” tax scams are popular right now and how to spot them can help you protect your personal finances and those of your business.

[Read more…]

July 9, 2020 By Larry L. Bertsch, CPA and Associates

Why Outsource Your Bookkeeping to a CPA Firm: 8 Reasons

As a small business owner, you know full well that your time is best spent growing your business. Unfortunately, you’re spending far too much time on other things. While you’ve rationalized that you need to wear many hats, you’ve also come to realize that you’re not doing what you do best. Something has to change.

This is ultimately why so many small and medium-sized enterprises (SMEs) look for outsourced bookkeeping services with a certified public accountant (CPA) firm. So, why outsource your bookkeeping to a Las Vegas CPA firm?

[Read more…]

June 22, 2020 By Larry L. Bertsch, CPA and Associates

What Are the Principles of GAAP?

If you’re doing accounting tasks for your business, you’ve probably heard of the Generally Accepted Accounting Principles (GAAP), but you may now know exactly what they are. However, applying them will ensure that your business’s finances are represented fairly and accurately. So, what are the principles of GAAP? Read on to learn about the principles and how they should be used for your own accounting practices.

[Read more…]

June 13, 2020 By Larry L. Bertsch, CPA and Associates

How Much Is Payroll Tax in Nevada?

The Silver State is renowned for its lenient taxation policies, but how much is payroll tax in Nevada in 2020? If you’re starting a new business in Nevada or relocating yours here from afar, you’ll want to know about your payroll tax obligations. Falling behind on your taxes can lead to costly fines and penalties, possibly causing you to change your business plans to handle them. Take some time to learn about Nevada’s payroll tax laws so you can stay ahead of your obligations and keep your business in good standing.

Behind on Bookkeeping? 7 Easy Ways to Catch Up FAST

It’s easy to fall behind on bookkeeping, especially if your business has been impacted by a major disruption. While it seems like something you can put off, bookkeeping is necessary work that must be done. If you’ve fallen behind and need to quickly catch up on bookkeeping, there are several things that can be done to make up for lost time. Find out what they are to put your business and your finances on a better footing going forward.

[Read more…]

Small Business Accounting Blog