At Watkins and Associates our mission is to earn our place as your financial advocate—providing not only professional tax and accounting services, but true financial insight and peace of mind. Our goal is to build life-long relationships with all of our clients—from once-a-year tax clients to those we see daily—to ensure you have all the information and guidance needed to grow your business and enjoy real success.
We look forward to serving you and witnessing your ah-ha moment. It brings a smile to our face every time.
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.
This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?
According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.