Sep
30

TJS DD Security Procedure for Client Information

You may have seen in the news over past few years hundreds of stories regarding security and information breaches concerning company and customer data. Some of the more publicized breaches involved companies like Target, Home Depot and Wendy’s. What you[...]

Read More
Aug
01

Private Company Council- Pt. 2

An Update on the Rise and Quick Effectiveness of FASB’s Private Company Council Background: To simply the financial reporting requirements of small and medium-sized companies, the Financial Accounting Standards Board (FASB) commissioned an advisory Private Company Council (PCC) in May 2012.[...]

Read More
Jun
30

Private Company Counsel- Pt. 1

An Update on the Rise and Quick Effectiveness of FASB’s Private Company Council Background: To simplify the financial reporting requirements of small and medium-sized companies, the Financial Accounting Standards Board (FASB) commissioned an advisory Private Company Council (PCC) in May 2012.[...]

Read More
Jun
30

Retirement Accounts: Avoiding the Penalties

Many taxpayers do not realize that there are certain age thresholds associated with retirement accounts that can impose hefty penalties when it comes time to file taxes. So, what are these penalties, and how can they be avoided? The first[...]

Read More
Apr
29

Business or Hobby?

Your answer to this question has implications for deductions you may want to take on your tax return. Taxpayers must follow appropriate guidelines when determining whether an activity is a business or a hobby, an activity not engaged in for[...]

Read More
Feb
29

Social Security Numbers: BEWARE THE NUMBER 9!

Good help is hard to find these days. Finding great help at the right price is the goal of every business owner, but it seems like more of a fantasy rather than a reality. Whether you are looking for a[...]

Read More
Jan
29

Top Ten Tax Tips for Farmers

1. Strategically Manage Farm Income Limit your tax burden by stabilizing farm income. Because of the progressiveness of our tax rate structure (higher tax rates for higher incomes), a farm with fluctuating income from year to year pays a higher[...]

Read More
Dec
21

New Year – New Look

Every New Year’s, we all make our list of the things we are going to do differently in the coming year. We tend to look at all the things we maybe didn’t get so right this year and plan how[...]

Read More
Dec
18

Measuring Audit Quality

Understanding key risks that could have an effect on financial statements of a company and effectively translating that knowledge into a well-defined audit plan to address the risks identified are the main elements in a quality audit. In addition, a[...]

Read More
Dec
18

Manage Your Online Business Like a CPA

What type of online business model do you have? In order to properly manage your online business, you first have to understand which type of online business model you have. The most popular online business models are blogs, niche sites,[...]

Read More
Nov
30

Making Your Time Count

Making Your Time Count Do you ever look back and try to figure out where the day went? Have you ever wished for more time to accomplish all that you need to get done? Since we can’t actually add to[...]

Read More
Nov
30

Top 5 Year-End Tax Planning Points for Small Businesses

Top 5 Year-End Tax Planning Points for Small Businesses 1) Consider buying assets that qualify for 100% expensing (Section 179) Certain property, such as machinery/equipment and furniture/fixtures, qualifies to be expensed 100% in the year purchased as opposed to being[...]

Read More
Nov
06

Announcing New Directors!

The Partners of TJSDD are very pleased to announce effective January 1, 2016, the following team members were voted and approved as Directors of the Firm. A Director in the Firm is any team member that has exhibited the leadership[...]

Read More
Oct
27

Elite Performance?

I do not consider myself an athlete. Perhaps I was at one time, but that was a couple of decades ago at this point. However, a couple of years ago, at the urging of my wife, I decided to join[...]

Read More
Aug
31

Simple Record Retention Recommendations

While businesses are required to keep records, individuals need to be mindful of specific information which should be retained as well. Just a few important reasons to make good recordkeeping a habit are listed below: To monitor the progress of[...]

Read More
Aug
31

Identity Theft Information for Taxpayers and Victims

Identity theft is a challenge to businesses, organizations and governments, including the Internal Revenue Service. The Internal Revenue Service meets the challenge of tax-related identity theft and is making progress against it with an aggressive strategy of prevention, detection and[...]

Read More
Jan
16

When is art a business? Hobby losses for artists

Written By: Daniel Rowe, CPA, Tax & Business Solutions Partner Originally published in the January 2014 edition of the AICPA Tax Insider What are the relevant factors in determining whether an artist, writer, or musician has a sufficient profit motive? The Sec.[...]

Read More
Oct
30

Employer Identification Number Theft Continues

Written By: Leigh Keith Frequently we hear of a breach of sensitive information, identity theft, tax identity fraud and much more. In the past, I have received calls from clients inquiring about an email they received from the IRS advising[...]

Read More
Oct
15

Hours of Service Rules in Trucking Industry Here to Stay

Written By: Will Gruver, CPA The new Hours of Service rules (HOS) for the trucking industry were implemented on July 1st, 2013. At that time there was an ongoing challenge to the rules in federal appeals court in Washington, DC.[...]

Read More
Sep
25

The Importance of Internal Controls

Written by: Aimee Picciano-Walker, CPA If your organization has audited financial statements, then you have likely heard of internal controls.  Organizations of all sizes need to be concerned with internal controls.  Internal control is defined as a process implemented by[...]

Read More
Aug
05

Whose Fault For The Default?

Written By: Jonathan Russell, CPA It is no secret that for-profit schools are treated differently from other colleges and universities, whether it is a national headline or a separate set of regulations. One statistic that has a tendency to give[...]

Read More
Jul
17

“Creating Value…”

Written By: Matt Stringfellow, CPA What does value look like? Allow me to share with you a story that sums it up for me personally. When I was growing up, my family didn’t take big vacations. No, we didn’t routinely[...]

Read More
Jun
06

Lease Accounting – in the News Again

Written By: Lisa Moreau, CPA Most companies have some sort of leasing arrangement, (office space, copiers, vehicles, etc.) and they have been accounting for those leases as either a capital lease or most commonly, an operating lease. Under a capital[...]

Read More
Jun
06

What’s Your Passion

Written By: Rhonda Williams What’s your passion? What makes you get out of the bed in the morning with a smile on your face and kick in your step? According to Bing Dictionary, the definition of passion is: “intense emotion;[...]

Read More
Jun
05

White House Proposes Cuts in Spending for Federal Contractors

Written By: Matthew Stringfellow, CPA White House officials have announced that they plan to send Congress a proposal to limit the reimbursement ceiling for executives of federal contractors to the president’s salary, currently around $400,000 per year.

Read More
Jun
05

Fiduciary Responsibilities – A Refresher

Written By: Kathie Spear, CPA As an employer and sponsor of your Company’s retirement plan – whether it is a 401(k) plan, profit sharing plan, or money purchase plan – you have fiduciary responsibilities that must be understood, implemented and[...]

Read More
May
28

Our Symbol: 50 Years in the Making

Written By: Angela Nicholson When we think of a business, we often think of a slogan, logo or symbol associated with that business. Most businesses put much time and effort into creating this brand icon. Businesses want symbols that truly[...]

Read More
Feb
04

Activity Grouping: The Impact of Recent Developments

Written By: Daniel Rowe This article was originally published in The Tax Advisor February 2013 edition.  It has been over 25 years since the last major overhaul of the tax code, but the Tax Reform Act of 1986 (’86 Act)1 continues to affect the manner[...]

Read More
Jan
14

Increasing the Profitability of a Professional Services Firm, Part 2

Written By: John Matthews, Managing Partner In his book, Managing the Professional Services Firm, David Maister breaks down Net Income Per Partner/Owner (NIPP) into four components – Average Collected Rate, Leverage, Utilization and Margin. In Part 1 of this two-part[...]

Read More
Dec
12

‘Tis the Season… for Savings Considerations

Written By: Kathie Spear ‘Tis the season… To look at your retirement savings options and make your New Year’s resolution to start saving or keep saving, and stick with your goals. It is time to make your 2013 elections if your[...]

Read More
Nov
30

Composing a business article: Making it a stress-free event

This article was originally published in BIS (Business in Savannah) on November 28, 2012. Written By: Angela Nicholson It’s late in the afternoon, and you’ve been given the daunting task of writing a business article. As you sit at your desk with your[...]

Read More
Nov
13

Why use QuickBooks?

Written  By: Kim Fogg Crane It’s no wonder why many small businesses use QuickBooks for their accounting needs. The program is user-friendly and has an initial interview process which makes setting up your company for the first time relatively simple.[...]

Read More
Nov
01

End of Year Tax Planning Considerations

This article was originally published in The Georgia Engineer October/November 2012 edition. Written By: Janet Prather We are heading into the final stretch of 2012 and it’s time for us to review tax planning strategies with our clients. The $64,000 question is, what[...]

Read More
Oct
18

2012 AASHTO Uniform Audit and Accounting Guide Now Available

Written By: Matt Stringfellow The 2012 AASHTO Uniform Audit and Accounting Guide has been finalized and published. The 2012 Edition of the Guide incorporates several updates, refinements, and clarifications necessary to reflect changes in the statutory and regulatory framework applicable[...]

Read More
Oct
16

Steps to Ease Audit Stress

Written By: Gray Deemer Now that we have finished audits for the year, it’s hard to believe that it is already time to begin thinking and planning for next year’s audits. As always, there are many pro-active steps clients can[...]

Read More
Oct
04

Technology in the Accounting Field

Written By:  Robert O’Mallon In the world of Information Technology (I.T.) one must stay on their toes to keep up with all the changes. Many people that work in the I.T. field are able to focus on one primary focal[...]

Read More
Oct
04

Increasing the Profitability of a Professional Services Firm, Part 1

Written By:  John E. Matthews, CPA, CFE, Managing Partner In his book Managing the Professional Services Firm, David Maister breaks down Net Income Per Partner/Owner (NIPP) into four components – Average Collected Rate, Leverage, Utilization and Margin. While all four components[...]

Read More
Aug
28

Daniel Rowe Published in the Journal of Property Management September/October Edition

A recent article, “From Resident to Landlord,” written by Tax Manager Daniel Rowe, was published in the national publication for the Institute of Real Estate Management (IREM.)  Published bi-monthly by IREM, the Journal of Property Management offers comprehensive coverage of the real estate management[...]

Read More
Aug
17

Presentation Changes for Other Comprehensive Income

Written By: Kathie Spear The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are continuing to work on their convergence project to more align their respective generally accepted accounting principles (GAAP) and financial statement presentation. In[...]

Read More
Aug
10

Introduction to Social Media Marketing for Small Businesses

Written By: Leigh Keith Marketing a small business today is very different from the past. The impact of social media has changed our marketing methods and aided us in making better decisions to get the most from our marketing dollars.[...]

Read More
Aug
09

Tax Credits for Hiring Veterans

A Guide for Employers and Tax-Exempt Organizations This article was originally published in the August 8, 2012 edition of BiS (Business in Savannah) Written By Corinne Wooden, CPA Tax credits are often overlooked by employers, yet they can offer significant[...]

Read More
Page 1 of 212