Blog

Audit preparedness is a critical aspect of maintaining a healthy and compliant business.   Most business owners don’t have time to proactively prepare for an audit. While audits are rare; reliance on luck as a their only defense against an audit can end terribly for business owners. Being proactive and efficient in your approach can […]

Effective tax planning is crucial for business owners to optimize their financial health and eventual net-worth.   While ISCPA takes the lead with our clients with proactive tax planning and communication, ordinary CPAs do not. This is why many business owners become frustrated by CPAs who fail to communicate critical information or are not proactively […]

Running a business can be challenging, and every dollar saved matters.   If you’re a business owner, you’ll want to take advantage of every opportunity to reduce your tax burden and invest back into your business. One important opportunity is Section 179 of the Internal Revenue Code. What is Section 179?   Section 179 is […]

Mental Health Awareness Week reminds us of the importance of supporting business owners during tax season.   While we expect mental health challenges to arise from traumatic events or terminal illnesses, daily life stressors effectively cause greater anxieties. The anxiety many business owners experience during tax season is, perhaps, an underestimated stressor that can have […]

Taxes – a topic that every small business owner grapples with.   It’s essential to understand the distinction between tax avoidance and tax evasion and to employ effective strategies to legally reduce your tax liability. Tax Avoidance vs. Tax Evasion: Know the Difference Tax Avoidance: This is the legal way to minimize your tax burden […]