Missing the October 15 tax deadline can result in more than just extra paperwork—it can lead to financial penalties and long-term issues with the IRS. Here’s what happens if you miss this important date and what you can do to mitigate the damage. Late-Filing Penalty The most immediate consequence of missing the October 15 deadline is [...]
Abacus! celebrates Teri Wingo becoming the newest partner of the firm, beginning today, Oct. 1. Teri has been at the helm of the Transportation Department since 2016. “I’m extremely grateful and humbled to reach this milestone,” Teri said. “To me, this is just a continuation of what I love to do. I love being here, serving [...]
With one more tax deadline looming this year, it’s tempting to take a well-deserved break from all things tax-related. However, taking a proactive approach now, in the fall, can save you time, money, and stress when tax season rolls around again in the spring. Here’s why a little fall planning can make all the difference: 1. [...]
Introduction Understanding the various tax forms and their specific purposes is essential for individuals and businesses alike. Four commonly encountered tax forms are the W-2, W-4, W-9, and 1099 forms. Each form serves a unique function and must be used appropriately to ensure compliance with tax regulations. In this article, we will delve into the [...]
This article was first published in the Springfield Business Journal's 2024 Giving Guide. As we enter a season of giving, being mindful of tax credit availability can put you ahead during tax season and greatly reduce your tax bill. Both tax deductions and credits can be beneficial in reducing taxes each year. A deduction reduces taxable [...]
IPA honors the top 75 firms annually Abacus! is excited to announce that it has been recognized as a Best of the Best Firm by Inside Public Accounting (IPA) for the second year in a row. This prestigious accolade highlights the firm's dedication to excellence in management, growth, and strategic vision. The Best of the [...]
Abacus! garnered national attention for its growth for the second time this year as a Fastest-Growing Firm in the U.S. This accolade highlights the firm’s continued momentum and success within the accounting industry. In addition to being named a Fastest-Growing Firm, Abacus! has also been recognized as a Top 300 Firm and a Best of [...]
The annual report lists “Who’s Who of the Accounting Profession” For the second consecutive year, Abacus! has made a significant leap on Inside Public Accounting’s (IPA) Top Firms list, advancing 34 spots from a year ago. The firm now ranks at No. 280, up from No. 314 in 2023, marking its third consecutive year on [...]
Now on a first-name basis! Springfield, MO – August 12, 2024 – Abacus CPAs has been a local staple in providing better tax and accounting guidance to the Springfield area for over two decades. To better reflect its growth and dedication to providing exceptional service, the firm announced a rebrand to Abacus! with new sub-brands [...]
Payroll can seem intimidating, especially if your business employs many people, but with a streamlined process, it doesn’t have to be. We’ve highlighted some of the best-practice payroll tips for small business owners. Benefits of Implementing Good Payroll Practices Following good payroll practices helps you to avoid costly errors, such as: Classifying workers inaccurately [...]
