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Returning Value Blog

FAQs About Creating and Optimizing Customer Profiles in QuickBooks

Posted by Chris Earnest on Oct 06, 2025

Small business owners might be tempted to rush through setting up customer profiles in QuickBooks® just to get invoices out quickly. But the extra data fields aren’t just busy work. Complete, accurate customer records help you generate more insightful reports, communicate with customers more effectively, and save time on bookkeeping tasks later. Here are answers to some common questions to help ensure your files are set up properly in your accounting software.

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Posted in Accounting & Outsourcing

The Tax Traps of Personally Guaranteeing a Loan to Your Corporation

Posted by Nick Wheeler, CPA on Oct 03, 2025

If you’re considering guaranteeing, or are asked to guarantee, a loan to your closely held corporation, it’s important to understand the potential tax consequences. Acting as a guarantor, endorser, or indemnitor means that if the corporation defaults, you could be responsible for repaying the loan. Without planning ahead, you may face unexpected tax implications.

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Posted in Business Advisory, Business Tax

Treasury to Stop Issuing Paper Checks: Get Ready for E-Payments.

Posted by Louis Hawkins, CPA on Sep 25, 2025

On March 25, 2025, the White House issued Executive Order 14247, “Modernizing Payments To and From America’s Bank Account."

This order establishes that, effective September 30, 2025, the U.S. Treasury will cease issuing paper checks for all federal disbursements—including tax refunds—where permitted by law.

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Posted in Tax News

Tax Court Case Provides Lessons on Best Recordkeeping Practices for Businesses

Posted by Chris Earnest on Sep 24, 2025

Running a successful business requires more than delivering great products or services. Behind the scenes, meticulous recordkeeping plays a crucial role in financial health, compliance, and tax savings. Good records can mean the difference between successfully defending a deduction and losing valuable tax breaks. A recent U.S. Tax Court decision underscores just how important this is.

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Posted in Accounting & Outsourcing

New Rules Could Boost Your R&E Tax Savings in 2025

Posted by Jessica L. Pagan, CPA on Sep 18, 2025

A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) reinstated the immediate deduction for U.S.-based R&E expenses, reversing rules under the Tax Cuts and Jobs Act (TCJA) that required businesses to capitalize and amortize these costs over five years (15 years for research performed outside the United States).

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Posted in Business Tax

Receive $10,000 in Cash at Your Business? The IRS Wants to Know About It.

Posted by Murry Guy, CPA on Sep 17, 2025

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not just on your tax return. Here are some answers to questions you may have.

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Posted in Business Advisory

Reconciliation Tax Bill: Key Impacts on the Healthcare Industry

Posted by Nick Wheeler, CPA on Sep 11, 2025

Changes in federal tax provisions and funding stemming from the recently passed reconciliation tax bill, the One Big Beautiful Bill Act (OBBBA), are expected to significantly impact the healthcare industry. Going forward, organizations need to consider the near- and long-term effects of the OBBBA, including Medicaid funding cuts that impact patient populations and reimbursement, altered tax provisions that could influence financial planning, and increased compliance needs stemming from heightened regulatory scrutiny of fraud and abuse.

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Posted in Business Advisory

Evaluating Business Decisions Using Breakeven Analysis

Posted by Lesley L. Price, CPA on Sep 10, 2025

You shouldn’t rely on gut instinct when making major business decisions, such as launching a new product line, investing in new equipment, or changing your pricing structure. Projecting the financial implications of your decision (or among competing alternatives) can help you determine the right course of action — and potentially persuade investors or lenders to finance your plans. One intuitive tool to consider for these applications is breakeven analysis.

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Posted in Business Advisory

Run a Business With Your Spouse? You May Encounter Unique Tax Issues.

Posted by Jessica L. Pagan, CPA on Sep 09, 2025

Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.

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Posted in Business Advisory, Business Tax

Understanding Employee Expense Reimbursements: Nontaxable vs. Taxable Income

Posted by Katelyn Parks on Sep 05, 2025

As a payroll company, we recognize the importance of managing employee expense reimbursements accurately, ensuring both compliance and clarity. One area that often causes confusion for employers and employees alike is distinguishing between nontaxable and taxable income when it comes to reimbursed expenses. In this article, we’ll explain what employee expense reimbursements are, the difference between taxable and nontaxable reimbursements, and how businesses should handle them.

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Posted in Payroll, HR & Benefits

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