[Springfield, MO – December 11, 2020] – Abacus CPAs, LLC is proud to announce that Cristian Rath has been promoted to Senior Consultant. Rath, who joined the firm in October 2015, has grown into a respected advisor in business consulting, tax strategy and helping businesses develop their path for success. Rath regularly works with small [...]
[Springfield, MO – December 11, 2020] – Abacus CPAs, LLC is proud to announce that McKenna Sweet has been promoted to Senior Administrative Support Specialist. Sweet, who joined the firm in January 2018, has provided valuable support to our Tax Department and Payroll Services. Upon joining Abacus, McKenna Sweet brought with her a diverse background [...]
Public speaking and networking can be extremely stressful events at any stage of your career. Not to say that a green accountant fresh out of college has it any worse, but they may lack a few of the key factors that can make it just a little easier. For example, new accountants lack the knowledge, experience, [...]
Renting out a portion of your home can add income and help pay off your house. You can rent out your garage as a storage unit or part of your home to a small business or tenant. If you rent part of your main home, you must claim the rental income as part of your total [...]
Every year, businesses must issue 1099 forms to individuals and partnerships for payments issued of $600 or more for items such as rent, other income, contract labor, and payments to attorneys. Starting January 2020, payments for non-employee compensation, box 7 of 1099-MISC, will now be issued on the new form 1099-NEC box 1. Determining who must [...]
Your Content Goes Here Some travelers want to experience the natural wonders of an area to feel like a local when they stay in a new city. They do not want to be confined inside a highway motel. They dream of staying in a quaint cottage, venturing out of an apartment into the jazz [...]
Why do I have to pay taxes? Such a small, interesting question opens the door for a barrage of follow-ups. What are taxes? How are they used? Do we need those things? Are there better ways to pay for them? If you know the answers to these questions, you might have a bright future in politics. [...]
You have your business idea, the concepts laid out, and you’ve registered your business. It's official. You’re getting set up for opening day, but then you start to think of all the different outcomes your business could take: Will it be profitable? If I have projections, will they be accurate? How will I know how well [...]
Some of us dream about the day we get to retire. After all of those long, hard years of labor, you can finally hang up the laces for good, and life will be wonderful, right? A lot of individuals do not plan financially for that day. You should start planning for retirement right away. In fact, [...]
If you are like me, as a student, you dreamed of the day when you were a working professional instead of a poor college student trying to balance homework, friends, and a job. However, when graduation day arrives, many students tend to feel more anxious about the future than prepared. A 2018 survey found that only [...]
