Overtime just got a tax twist. Thanks to a new federal law, many workers and employers can now deduct a portion of overtime from their federal taxable income, effective retroactively to January 1, 2025. That’s big news for payroll, employee communications, and year-end reporting. Here at Edgewater CPA Group, our team is breaking it down so you can move from “Wait, what?” to “We’ve got this.”
You work hard to grow your business, so why let the IRS take more than its fair share? Every dollar you save on taxes is a dollar you can reinvest into your company, your team, or even your own pocket. At Edgewater CPA Group, we believe smart tax planning isn’t just about compliance; it’s about keeping more of your hard-earned profits where they belong.
If your “system” for record-keeping involves a shoebox of receipts and a dash of panic at tax time, you’re not alone. But getting organized doesn’t have to be complicated or boring. At Edgewater CPA Group, we’ve seen how the right systems can transform chaos into clarity for businesses across Central Indiana. Here are five ways to organize your business records like a pro.
When it comes to tax problems, most business owners would rather walk barefoot across a bed of Legos than deal with the IRS. And we get it. Letters from the IRS are nerve-wracking. But at Edgewater CPA Group, we’re here to set the record straight. Tax resolution doesn’t have to be scary, and it certainly doesn’t mean you’re out of options. Let’s clear up five of the most common myths that might be holding you back from getting the help you need.
When it comes to taxes, time is money. One of the most overlooked decisions business owners face is choosing between a fiscal year and a calendar year for tax purposes. It may seem like a simple choice, but it can impact your cash flow, reporting deadlines, and even your overall tax strategy. At Edgewater CPA Group, we help small business owners make sense of these timelines, so you can make smarter business tax strategy decisions.
You know that feeling when you finally clean out your garage and everything is in its place? That’s the same satisfaction business owners feel when they hand their messy books over to a pro—and yes, we’re talking to you. If your receipts are scattered, your transactions don’t add up, or you avoid your accounting software like it’s haunted, Edgewater CPA Group is here to help. Here’s how a professional bookkeeper cleans up the chaos.
Let’s be honest, doing your own taxes sounds like a great idea until you’re knee-deep in forms, acronyms, and questions like “Do I qualify for this deduction?” or “What even is a carryover credit?” If you’re a business owner in Central Indiana trying to juggle everything from mortgage interest to energy-efficient upgrades, it might be time to call in a pro. At Edgewater CPA Group, we believe the real value of a tax accountant goes far beyond the forms.
Running a business comes with enough chaos, and your books shouldn’t be part of it. If you’re constantly chasing down receipts, reconciling late transactions, or losing sleep over missed tax deadlines, you’re not alone. Many small business owners feel like they’re flying blind without proper financial guidance. That’s where Edgewater CPA Group steps in. Our controller services are designed to clean up the mess, calm the chaos, and keep your financials running like clockwork.
Running a business comes with no shortage of hats to wear. One minute, you’re managing payroll, and the next, you’re deep in strategic planning mode. When you’re ready to grow, the big question becomes, who should you turn to for help? At Edgewater CPA Group, we often hear the confusion between growth services and traditional consulting. While both aim to support your business, the way they get you there is entirely different.
Running a small business is exciting, but let’s be honest—bookkeeping isn’t exactly the thrill ride you signed up for. Still, without solid bookkeeping, even the most promising business can hit a financial roadblock. At Edgewater CPA Group, we know that clear, consistent bookkeeping is the backbone of every successful business. Let’s break down the basics every small business owner should have in their toolkit.