Abacus! is excited to announce Riley Gatten and Gwynn Smail as recipients of the 2026 Abacus Values Award for Ownership. Riley is a Consultant in Traditional Tax, and Gwynn is a Senior Accountant in Traditional Tax. The Abacus Values Award for Ownership recognizes employees who consistently demonstrate pride in their work, a desire to succeed and [...]
Abacus! is excited to announce Stacy Mathews as a recipient of the 2025 Abacus Values Award for Ownership. Stacy is a Senior Accountant in Tax and Accounting Services. Stacy 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 Josh Staggs as a recipient of the 2025 Abacus Values Award for Ownership. Josh is a Senior Associate Specialist in the IT Department. Josh is excellent in situations that require strategic organization of information. He sets priorities and puts them into appropriate sequences. His talent with both strategies and tactics makes [...]
Abacus CPAs, LLC is pleased to announce Candice Alcantar as the recipient of the 2024 Abacus Values Award for Ownership. Candice is a Senior Client Support Specialist in the Transportation Department. When Candice started at Abacus in 2020, she quickly became a leader in her department by eagerly taking on tasks and intentionally learning every day. [...]
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 [...]
