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Cash Vs. Accrual Vs. Modified Cash Accounting Methods
Posted in Firm News on October 3, 2018
Starting a new business involves a lot of planning. The accounting is a very important part of managing your business. You must consider the accounting method. There are three options to choose from. The Cash Basis Method This accounting method records income and expenses as received and paid out. Expenses are recorded only when bills… (Keep reading)
Posted in Firm News on September 25, 2018
Time: Contrary to what is portrayed on television, the litigation does not typically begin and end in a matter of days and weeks. One of the surprises many clients face when involved in litigation is a great deal of time it takes to get through the legal process. It is not uncommon, for example, for… (Keep reading)
Posted in Firm News on September 19, 2018
September is coming to a close and with many changes in the Tax code, now is the time to prepare for the next year. It’s time to budget, to do so review all the changes that have occurred plus take into account the possible inflation that may occur. Yes, employment is up which creates the ever… (Keep reading)
Posted in Firm News on August 14, 2018
If you have college-bound children or grandchildren then you may be interested in establishing a qualified tuition plan for them. These plans are known as 529 plans, so named after the IRS code section establishing the plans. You can contribute to a qualified prepared tuition plan or a savings account established for a specific beneficiary… (Keep reading)
Posted in Firm News on August 7, 2018
What’s a day in the life of a Paralegal? BUSY! An integral role in the “day in the life of a law office” for certain, but generally not the glamorous life of Erin Brockovich! A paralegal performs many tasks essential to the day-to-day routines and procedures in support of the practice of law by attorneys. … (Keep reading)
Posted in Firm News on July 31, 2018
Often Social Security benefits are a mystery especially when a spouse passes. The surviving spouse is entitled to a benefit equal to 100% of the deceased benefits as long as the survivor wants until their full retirement age. At 60 you could collect a survivor benefit but the benefit will be reduced. What that means is do… (Keep reading)
