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The Best Accounting Method Route for Business Tax: Cash or Accrual
Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take?
Mar 28, 2024


Earn more than $10,000 in Cash for your Business? Here’s how to Report it on your Tax Returns.
Do you receive $10,000 in cash, or cash equivalents, for your business? Here's what the IRS says about reporting it.
Aug 28, 2023


The Right Product for the Right Price
When establishing your new business, ensuring you offer the best, reasonable price for the quality of service you deliver is the sweet spot.
Jul 24, 2023


Business Insurance Owners Should Consider
There are many things to consider when launching a new business, such as business insurance. Like all other insurance, the value of the investment is not recognized until it’s too late. You don’t know the value of your automobile insurance until you have an accident, or how important your health insurance is, until you’re sick or need surgery. The same is true for business insurance. Until you’re in a situation where you need protection, you don’t realize its importance. Leg
Jun 28, 2023


Make Your New Business a Success
Helping our small business owners achieve their dreams, we’re giving you tips on how to make your startup a success.
Jun 27, 2023


Investments, Savings & Loans - How they Impact your Taxes?
Including your savings, investments, and loans on your taxes will affect your tax bill. Find out how!
Apr 17, 2023


Hiring the Right CPA for Your Business
Our consultants share with you criteria to consider when hiring a CPA for your business.
Apr 3, 2023


2021 Tax Calendar
2020 was HECTIC! Thankfully, filing your taxes won't be. The government and IRS have made adjustments to this year's tax calendar to give individuals and business owners more time to prepare and file. Check out the new IRS Tax Calendar & Deadlines below. As we prepare for this upcoming Tax Season, make sure to keep all of your individual and business documents together. Access our Individual and Business Tax Organizers to use as a checklist. Ready to File! VAAS Professional
Feb 8, 2021


PPP Loan: Navigating the 2nd Draw
The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms. The last day to apply for and receive a Second Draw PPP Loan is March 31, 2021. 2nd Draw Loan Eligibility To be eligible, one must have: Previously received a First Draw PPP Loan and will or has used the full amount ONLY for authorized uses: mortgage costs, property damage, and other operational
Jan 27, 2021


VAAS Pro's Tax Approach to PPP Expenses
The Paycheck Protection Program (PPP), initially created in March 2020 under the first round of federal coronavirus aid, granted small...
Jan 22, 2021


Digital Marketing Tactics for Small Businesses
The COVID-19 pandemic has rapidly changed the way we view our business landscape as we have witnessed an influx of digital media usage...
Oct 15, 2020


PPP Flexibility Act 2020
On March 27, 2020, President Trump signed the Cares Act which gave financial relief resources for small business owners. Our team gave a live Q&A session for clients, community members, and business owners to help give insights as to what they could from expect from the bill. We invite you to watch our session and view the Q&A transcript below to learn more. This Act brings about new changes that are favorable for small business owners. View the changes below. Coverage Per
Jul 8, 2020
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