March 25, 2020
As you may have heard, Governor Jim Justice has issued an Executive Order, ordering all businesses considered non-essential to temporarily cease operations. Under this order, professional services, such as our accounting services, are considered essential services.
March 24, 2020
Please join the video meeting by following these steps:
We sent out a letter last week addressing the Coronavirus pandemic. A lot has happened since that time. The Governor has shut down schools and public services where a gathering of people is at risk. Churches have limited their services. Independent living facilities and nursing homes are under quarantine Sporting and other recreational events have been canceled or postponed.
March 13, 2020
As you know, the Corona Virus has been making the headlines for the past few weeks. Our firm has been watching the news and we have also been in communication with WVU and the Monongalia County Health Department. Though no reported cases exist in West Virginia, at the moment of this letter, we believe it is only a matter of time before this virus enters our borders. Therefore, proactive measures are in order.
February 28, 2020
To better understand your company’s financial fluency, it’s beneficial to understand what drives your business forward. Do you depend on more employees in order to maximize production? Would the motors keep turning if someone left or if you were on vacation for a month? Many business owners often give up vacations because they feel they need to be there or things might fall apart.
January 31, 2020
We introduced you to three major reports in our previous blog post: Income Statement, Beginning Balance Sheet, and Cash Flow Statement. A fourth report is beneficial to your understanding of the financial foundation of your business: The Ending Balance Sheet.
Reporting Requirements for Businesses That Make Payments for Nonemployee Compensation, to Attorneys, and for Rents
January 7, 2020
Any business that pays another individual or business at least $600 of nonemployee compensation, attorney/legal fees, and/or rents are required to have 1099-MISC forms prepared and furnished to both the payee and the IRS. In addition to corporations and partnerships, those who report business activity on Schedule C, Schedule E (rental activity), and Schedule F (farming) on Form 1040-U.S. Individual Income Tax Return are subjected to the reporting requirements.
December 31, 2019
It’s entirely possible for your business to be largely profitable, but struggle financially. Businesses must make a profit in order to achieve these three things: employees to have a job, customers to have goods and services to buy, owners and shareholders to get a return on their investment.
December 2, 2019
Our goal is to help grow our clients into financially fluent business owners. Developing this fluency allows for a better understanding of your company's numbers and what those numbers are doing for you.
November 4, 2019
We understand that your business is your priority, and it’s our priority to help you find the best success possible for your entrepreneurial endeavor. We can be accessible to you whether you’re just a few miles away or across the globe.
October 1, 2019
If you’re asking yourself if your business can endure a large expense, you’re not alone. Many businesses have been affronted by these decisions as they continue to grow and expand. The answer could be more straight-forward than you realize, especially if you consult our decision support services.
September 4, 2019
Cunningham, Powell, Alexander, A.C. is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.
August 29, 2019
If you have worked or paid taxes in the past 35 years, you likely already know about tax-deferred retirement accounts.
August 1, 2019
Most other accountants don't provide strategic planning, but our accountants are uniquely Level 5 Certified Advisors, which means we go above and beyond simply assisting you with your taxes. Through our program, we are able to help businesses advance by comparing and identifying potential problem areas that might be holding you back from the growth you desire from your business.
July 12, 2019
As a business owner you need to know how your business is performing. Both in comparison to prior years and to your competitors. With this data in hand changes can be made to your business resulting is a significant increase to your bottom line.
July 12, 2019
Transitioning to Cunningham Powell Alexander, A.C. doesn’t have to be a hassle for your business. At CPA, we have specialists who are trained and qualified to help get you through that process with our onboarding program, so you don’t have to deal with the confusion and frustration of integrating your data into our CPA ecosystem. Not all accounting firms have an onboarder to help you through this process.
June 13, 2019
Let’s not underestimate the importance of keeping a reliable and accurate set of books. QuickBooks has provided several accounting software options over the years, such as desktop, enterprise, and online versions. It is no surprise that QuickBooks holds more than 95% of the accounting software market. The QuickBooks Online (QBO) version has proven to be one of the most integrated software options available.
How much is your business worth? At some point in time all business owners are faced with this question. There are also two corollary questions:
Cunningham Powell Alexander, A.C. is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.
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