News

Home / News

Tax filing opens today.  Here’s what you need to know

Tax filing opens today. Here’s what you need to know

The IRS has officially commenced accepting tax returns as of today (January 29), signaling the start of the 2024 tax filing season. This marks the beginning of a critical window for taxpayers to fulfill their obligation of reporting income, claiming deductions, and ensuring compliance with the ever-evolving tax code.

read more
Why Small Business Owners Need Accurate Bookkeeping

Why Small Business Owners Need Accurate Bookkeeping

Accurate bookkeeping is crucial for small business owners for several reasons, playing a fundamental role in the financial health and success of their enterprises. In essence, bookkeeping involves the systematic recording, organizing, and tracking of financial transactions, providing a clear and detailed overview of a company’s financial position. Here are some key reasons why accurate bookkeeping is essential for small business owners.

read more
Why You Should Prepare For Your Taxes Now

Why You Should Prepare For Your Taxes Now

Preparing for taxes well in advance can bring numerous benefits and alleviate stress associated with the tax season. While many people procrastinate until the last minute, adopting an early approach to tax preparation can lead to financial advantages, peace of mind, and a smoother overall experience.

read more
Why Outsource Bookkeeping

Why Outsource Bookkeeping

Outsourcing bookkeeping has become a prevalent business strategy for many organizations, offering a range of benefits that contribute to improved efficiency, cost-effectiveness, and overall business success. In this discussion, we’ll explore the reasons why companies choose to outsource their bookkeeping functions.

read more
Planning for Disasters

Planning for Disasters

The Atlantic Hurricane season begins June 1st and many of our clients are reaching out to us to see what they can do to be prepared.

read more
Tax Tip: Is it a hobby or a business?

Tax Tip: Is it a hobby or a business?

Many of our clients look for ways to supplement their income. Is it a hobby or a business? Sometimes it’s unclear whether you are a hobbyist….or a business owner. This post will help to explain the IRS businesses vs hobby rules.

read more

INTERESTED IN LEARNING MORE

If you’re looking for professional accountants who can help you with your accounting needs we are here for you.
FWN Accounting offers a wide range of services to individuals and small to medium sized businesses and we will be
happy to answer any of your questions. Call or email us to learn more about how we can help.