Abacus! is excited to announce Camryn Ramsey as a recipient of the 2025 Abacus Values Award for Client Service Orientation. Camryn is a Senior Coordinator in Accounting Services. Camryn is excellent in situations that require strategic organization of information. She sets priorities and puts them into appropriate sequences. Her talent with both strategies and tactics makes [...]
Abacus!, is excited to announce Carisa Perkins as a recipient of the 2025 Abacus Values Award for Client Service Orientation. Carisa is a Senior Client Support Specialist in the Transportation Customer Service Department. Carisa is excellent in situations that require strategic organization of information. She sets priorities and puts them into appropriate sequences. Her talent with [...]
Abacus CPAs is eager to announce Ashlyn Ballard as the recipient of the 2024 Abacus Values Award for Client Service Orientation. Ashlyn is the Senior Coordinator of Marketing Excellence in the Department of Excellence. Ashlyn is known for her drive to achieve. She understands what clients need and can make communication fun and engaging. “I know [...]
As a business owner, you likely have two primary goals for your work: make as much money as possible and do anything possible to lower your tax bill. However, many small business owners miss one key deduction right in front of them: their children. Many business owners are unaware there is a tax strategy where they [...]
As the end of the year draws near, having a head start in collecting information for next year’s taxes is beneficial. In addition, having an accounting year-end checklist can help make sure all outstanding business tasks are taken care of before the new year begins. Use this checklist to better meet your company needs: Get all [...]
What makes you a leader is not defined by your position but by your attitude. Anyone can be a leader, despite their title and regardless of their position. If you strive to be a leader, it's time to move past the idea of waiting for a label or status to give you authority. It's time to [...]
Accountants students worldwide know that becoming a CPA is one of the “must-haves” for a successful career in public accounting and a prestigious certification to hold in private accounting. The CPA exam is the most important qualifying factor. Many professionals will pursue the CPA, but not all will succeed. The cumulative passing rate for CPA Exam [...]
When you buy new equipment for your business, you have the option of expensing the entire cost of that equipment with two different methods: Bonus or Section 179 Depreciation. Bonus Depreciation Generally, bonus depreciation will let you deduct a percentage of that cost upfront, while Section 179 enables you to deduct a set dollar amount of [...]
When property is added to a business, depending on the entity type, there will be varying tax implications. Here, we'll talk about what happens when the property is either sold or distributed to the owners. Entity Choice: C-Corporations and S-Corporations Put a building in a C corporation, and it is not coming back out without triggering [...]
It may be beneficial to consider taking advantage of state tax credits when planning charitable giving. If you contribute to a qualifying charity, you could receive a credit on your state taxes and a deduction for the difference on your federal taxes. For example, if you make a $1,000 contribution to a charitable organization that is [...]
