Tax Tips for Reporting E-Currencies

October 15, 2020 | Cryptocurrency

Virtual currencies, also called cryptocurrencies or e-currencies, might be relatively new to the world of finance, but they are becoming more common. Bitcoin, for example, is being accepted by retailers as payment and used to pay employees. Some people are holding virtual currencies as capital assets. Regardless of how you use e-currencies, they may be subject to taxation by the IRS. If you are exploring cryptocurrencies, now would be a good time to talk to the team at Edgewater CPA Group about how you can plan for your 2020 taxes. 

Read More

3 Sales Tax Mistakes for Small Businesses to Avoid

September 11, 2020 | Fort Wayne

For small businesses, paying sales tax on goods they sell is a simple concept. But with constantly evolving federal and state legislation, keeping track of all the changes can be challenging. That’s why our clients appreciate the services they get in tax preparation from Edgewater CPA Group. We know it’s a difficult task for small businesses owners to manage. Here are a few roadblocks you should be aware of in making sure your small business is compliant with paying sales tax.  

Read More

4 Team-Building Strategies for Challenging Times

August 19, 2020 | Fort Wayne

Let’s face it, life is hectic and chaotic for many people right now. Between business owners eyeing an uncertain economic future, employees hoping they won’t get laid off, and parents trying to figure out school plans for their kids, we’re carrying a lot of stress these days. That’s why it’s so important to encourage your employees to come together as a team. Team-building activities can help foster bonding and create a sense of shared purpose that can have a serious impact on your bottom line. Edgewater CPA Group has a few ideas on how you can do just that, as well as great payroll solutions when you need them. 

Read More

The Best Tools for Keeping Track of Your Books

July 24, 2020 | Bookkeeping Services

When you’re a small business owner, you have a lot going on – all the time! That’s why you need a simple bookkeeping solution you can actually understand. At Edgewater CPA Group, we’re aware that there are lots of options out there. But your business is as unique as you are, and each tool offers different features. Here’s a brief look at what we suggest.

Read More

How Small Businesses Can Weather the COVID-19 Storm

June 10, 2020 | Bookkeeping Services

The COVID-19 pandemic continues to make headlines all over the world – and on Main Street in your hometown. According to an April study by the National Small Business Association, nine out of ten small business owners are worried about the future. Nearly three quarters of small businesses have seen customer demand drop since March. Although federal aid is available, the process can be difficult to navigate and it can take a long time for relief to arrive. So what’s a small business owner to do in the meantime? Edgewater CPA Group is here to help. It’s impossible to know what our world will look like a year from now, but here are a few places to start in considering how your small business can weather this global pandemic. 

Read More

3 Essential Criteria of a Payroll Service

May 20, 2020 | Fort Wayne

Payroll is an essential part of running a business. Employees need to be paid for their work, and the appropriate information needs to be reported for tax purposes. A one- or two-person shop might be able to manage payroll on their own, but many small businesses find that a payroll service from Edgewater CPA Group makes them more efficient. Entrusting your team’s payroll to an outside service is a big step. Here are some important factors to keep in mind. 

Read More

What the IRS Tax-Filing Extension Means for You

April 28, 2020 | Indianapolis

In the light of the COVID-19 pandemic, the IRS has extended the due date for filing taxes to July 15. This gives businesses and individuals an additional 90 days to file and pay their 2019 taxes. At Edgewater CPA Group, we’re happy to do tax preparation for small businesses to make sure you have all the needed documentation in order by the new filing deadline. Here’s what you need to know about this extension.

Read More

3 Things to Know for Cryptocurrency Taxes

March 26, 2020 | Cryptocurrency

Cryptocurrencies, such as Bitcoin and other internet-based currencies, are new to the world of finance. Although some CPAs might balk in dealing with clients who trade or mine these currencies, Edgewater CPA Group is ready for it. Laws regulating cryptocurrencies are new, and the market continues to change, but here are three things to keep in mind at tax time. 

Read More

3 Ways Controller Services Will Make Your Life Easier

February 21, 2020 | Comptroller Services

When managing a growing business, it can be hard to have your head above water enough to think “big picture” about your business’s finances. But by having a dedicated controller services team by your side, you’ll be able to make informed decisions about your company’s present and future. Edgewater CPA Group offers a full range of controller services (also known as comptroller services) that will make all the difference for you and your business. Here’s how we’ll make your life easier.

Read More

What to Look For in a Business Bookkeeper

January 1, 2020 | Bookkeeping Services

Your small business is important to you. It’s how you make your living, as do those who work with you. When you’re looking for someone to help you with bookkeeping and accounting, Edgewater CPA Group knows what you need. We offer financial management solutions that will help you navigate the world of business accounting, giving you back the time you need to focus on your business.

Read More