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January Tax Preparation: Essential Steps for Small Business Owners January marks the start of a new year, but for small business owners, it also signals the beginning of tax season. Proper preparation during this critical month is essential to ensure compliance with...

Understanding Employer Tax Responsibilities: A Guide for Businesses in Seminole, OK   As a business owner, managing taxes for your employees can be a daunting yet essential responsibility. From issuing necessary forms like W-2s and 1099s to adhering to strict...

Why Hiring a Contract CFO Could Help Your Business in Edmond, OK   As a small business owner in Edmond, OK, your focus is likely on growing your business, managing daily operations, and ensuring financial stability. But as your business grows, you might face...

How to Find the Best CPA in Seminole, OK When it comes to managing your finances, whether you're a business owner or an individual, finding a qualified CPA is essential. A CPA can provide invaluable services like tax planning, financial reporting, auditing, and...

1099 Reporting Requirements and the Penalties Associated with Noncompliance: An Edmond, OK CPA Firm's Guide As a trusted Edmond, OK CPA firm, Roger Ely CPA understands how crucial it is for businesses to comply with 1099 reporting requirements. Every corporation,...

1099 Reporting Requirements and the Penalties Associated with Noncompliance: A Seminole, OK CPA Firm's Guide As a trusted Seminole, OK CPA firm, Roger Ely CPA understands how crucial it is for businesses to comply with 1099 reporting requirements. Every corporation,...

When it comes to tax matters, small business owners face numerous challenges and opportunities to optimize their financial operations. One critical yet often overlooked aspect is tax recapture, a process that can have significant tax implications. Whether you’re...

Social Security Increases and Their Effect on Taxes: What You Need to Know in 2025   With Social Security benefits set to increase by 2.5% in 2025, it’s a good time to examine how these adjustments might impact your taxes and what strategies can help maximize...

  Selecting a CPA accounting firm in Edmond, OK is one of the most crucial decisions a small business owner can make. An experienced CPA can manage essential financial tasks, from filing taxes accurately to providing critical insights that drive growth and...

In 2024, the U.S. government introduced a new reporting requirement for businesses called Beneficial Ownership Information (BOI), as part of the Corporate Transparency Act. This measure, enforced by the Financial Crimes Enforcement Network (FinCEN), requires certain...

Financial Statements for Small Business Owners: A Comprehensive Guide   As a small business owner, understanding your company’s financial health is critical to success. While financial statements may seem complex at first, they provide a wealth of information...

Tax Deadline Reminder: October 16 is Approaching! Make Sure You File On Time   If you didn’t file your taxes in April, the October 16 deadline is right around the corner. Whether you're an individual or a business owner, it's crucial to file your tax return by...