Abacus CPAs received its first national ranking of 2024 as the No. 16 fastest-growing firm in the U.S. by Accounting Today, announced March 5. Abacus CPAs is the only local firm recognized on the fastest-growing firms list after recording 29.93% growth in 2023 and $17.8 million in net revenue. The firm has continued to [...]
In the intricate world of business finance, understanding what can be deducted from your gross income is pivotal for optimizing tax benefits. Defining Ordinary and Necessary Expenses The Internal Revenue Service (IRS) outlines that ordinary expenses are those common and widely accepted within your industry. On the other hand, necessary expenses are deemed helpful and [...]
As the fiscal year unfolds, businesses and individuals alike are gearing up for crucial tax deadlines that demand attention and adherence. We’ll break down two significant dates that could impact your financial landscape. March 15: S-Corporations and Partnerships The first date, March 15, holds particular importance for those operating S-Corporations and Partnerships. Here's a quick [...]
Beneficial Ownership Information reporting is new in 2024 Changes are underway for business owners. As of January 1, 2024, business owners need to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN), an agency within the U.S. Department of Treasury. Q: Will my business have to start reporting? All businesses will need [...]
Abacus CPAs is pleased to announce Madison McPherson's promotion from intern to analyst. Madison worked as an intern for nearly two years before becoming an analyst. Madison, a distinguished graduate with a bachelor's degree in accounting from the College of the Ozarks in December 2023, received recognition for her exceptional achievements during her college years. In [...]
Abacus CPAs is eager to announce Leta Reid’s promotion from intern to analyst. Leta joined Abacus in January 2023 as an intern in the Transportation Department and will continue working there. Leta graduated cum laude with her bachelor’s degree in accounting from Missouri State University in December 2023. She is continuing her education by working toward [...]
Abacus CPAs is eager to announce Katherine Delap's promotion from intern to analyst. Katherine started at Abacus in January 2023 as an intern in the Transportation Department. Katherine will graduate with her bachelor’s degree in accounting from Missouri State University in May 2024. She plans to further her education by earning her CPA license. “Abacus has [...]
Abacus CPAs, LLC is excited to announce Jennifer Culver’s promotion from intern to analyst. Jennifer joined the firm in January 2023 as an intern in the Transportation Department. Jennifer concluded her impressive college career in May 2023, earning her bachelor’s degree in accounting from Missouri State University. While working toward her degree, she was named to [...]
Abacus CPAs is proud to announce the promotion of Austin Bordovsky from intern to analyst. Austin was an intern for nearly two years with Abacus before becoming an analyst. Austin recently graduated from the esteemed Walton College of Business at the University of Arkansas with his bachelor’s degree in accounting in December 2023. “I am thrilled [...]
Understanding the economic outlook of SWMO As we move through the end of fall and into the winter months, understanding the economic outlook is crucial for small business owners and taxpayers in Southwest Missouri. This article, with insights from accounting and economic perspectives, aims to provide a clear picture of the economic landscape, focusing on [...]
