Michael A. Veneman CPA PSC

2021 Vs 2022 Vs 2023 Federal Income Tax Brackets

September, 2023

The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2021-2023 there are seven different brackets for each year (2020 was the same...

Non-Fungible Tokens and Their Special Taxation

April 2021

Non-fungible tokens (NFTs) have exploded in use and popularity in recent months. NFTs have some special tax considerations to be aware of that can be different than fungible tokens, but before we get into that, let's look at exactly what NFTs are....

Latest Stimulus Bill Provides More Relief for Americans and the Economy

March 2021

Nearly one year after the COIVD-19 pandemic-driven shut-downs began the shutter the economy, Democrats pushed through another $1.9 trillion stimulus package by narrow margins with the President set to sign the bill....

Looking Ahead to 2021: Hope is Not Canceled

January, 2021

Despite the fresh start that a new year promises, our world hasn’t changed much since last March. We’re still living in a new normal. We’re masking up, working (and schooling) from home and social...

The Importance of an SSL Certificate and Best Practices

October, 2020

An SSL (Secure Sockets Layer) certificate used is to encrypt traffic between systems, such as client and server. This is done to protect data that might include confidential information, Social Security numbers...

How to Develop a Sanitation Plan for Employee and Customer Safety

August, 2020

As part of a comprehensive strategy to cope with COVID-19 and reduce the risk of spreading it, developing a sanitation plan is a necessary tool that businesses can implement during the reopening...

IRS Gears Up for Aggressive Enforcement

August, 2020

Recently, the IRS Commissioner testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. There was no ambiguity in the message of his testimony to...

How Businesses Can Help Protect Themselves Against Civil Unrest

July, 2020

If the COVID-19 pandemic isn't a big enough strain on businesses trying to engage in commerce, whether it’s retailers, restaurants, manufacturers or those in the service sector, civil unrest puts another strain on...

Payroll Protection Program Loan Forgiveness is Here

June 2020

The first Payroll Protection Program (PPP) loans were made over eight weeks ago, which means they may be forgivable if the guidelines set forth by the Small Business Administration (SBA) and United States Treasury Department are met....

COVID-19 Recovery Responses are Crucial for Companies to Thrive in the Future

May, 2020

With the coronavirus spreading across the globe, catching individuals and governments off guard, business owners have not fared any better. While the virus is having a grave impact on the health of millions across the globe...

Answers to Common Questions About the Coronavirus Stimulus Checks

April, 2020

So many checks and even more questions! There is a lot of confusion out there over the details surrounding the coronavirus stimulus checks, so below we've compiled a list of frequently asked questions and answers....

Understanding Three Revenue Metrics

March, 2020

According to the 2019 Small Business Profile, a project from the U.S. Small Business Administration’s Office of Advocacy, there are 30.2 million small businesses, making up 99.9 percent of all U.S. businesses. With 59.9...

Why eSignatures Are Better Than Handwritten Signatures

February 2020

Signatures play an important role in authenticating a document or binding an individual by the provisions contained in a document. And sometimes, a handwritten signature can slow down the process....

The SECURE Act of 2019

January 2020

The SECURE Act of 2019 is a broad bill with the purpose of increasing access to tax-advantaged retirement accounts in order to prevent retirees from outliving their assets. It mostly impacts those already in retirement or close to it....

How social media and digital data threaten privacy

August, 2019

Communication has changed a lot over the past two decades with social media’s emergence. The way we communicate changed from snail mail and landlines to SMS...

9 Ways To Improve Website Ranking

July 2019

Your accounting firm finally has a website, well done! But, you can not sit back and wait for your target audience or clientele to stumble on your website by chance....

How to Delete Facebook Account Permanently

June 2019

You might have concerns over your online privacy, you are fed up with never-ending status updates from old college friends, or you have realized half of what happens on Facebook isn't that cool after all....

Cash Flow Problems Don't "Just Happen"

February 2004

You would be shocked and amazed at the number of businesses that fail because the owner did not see a cash flow problem...

Creating Cash Flow Projections You Can Trust

January 2004

Trying to run a successful business without cash flow projections is like driving along on the freeway in a driving rainstorm without turning...

The Futility of Managing From Your Bank Balance

December 2003

If you needed to know what your cash balance was right now, would you look to your accounting system for the answer or would you call (or go online) with...

How to Master the Financial Side of Your Business

November 2003

I conducted a survey recently to determine the degree to which small business owners have their cash flow under control. The survey...

Do You Treat the Dishes Better Than Your Cash Flow?

October 2003

Cash is the lifeblood of every business. Cash is what keeps your business alive. It is a very precious asset that must be treated with the care and attention...

The 10 Cash Flow Rules You Can't Afford to Ignore

September 2003

The statistics on small business failure are alarming. Michael Gerber, author of "The E-Myth: Why Most Small...

Reaping What You Sow

August 2003

Over the course of my working life, I have witnessed many disturbing developments. I have seen American parents lose their sons and daughters in Vietnam. I saw one United States...

Are You Overlooking a 6 Figure Tax Break?
Save on Taxes with Real Estate Cost Segregation

July 2003

If you own a building with a value greater than $1,000,000 or you own a number of facilities that collectively exceed this threshold,...

The Big Cheese

June 2003

CEOs and presidents of privately held companies face unique challenges. They are accountable for providing the vision, guidance, decision-making, and leadership that drives the success of their businesses. Unlike their...

Minutes: More than a Unit of Time

May 2003

One requirement of a corporate entity is to maintain proper corporate minutes. You, your CPA and attorney may need well documented minutes to assist your corporate...

How to Pull Stock Quotes Into Microsoft Excel

April 2003

Here is a tool that will save you time and track your portfolio as your investments climb back up in market value. If you audit clients with large portfolios...

Customer Service 101

March 2003

As we embark on 2003, the New Year’s resolution we suggest, one that always has a lasting impact, is to refocus on satisfying customers…and commit to...

Who needs an intranet?

February 2003

Any organization with employees can reap the benefits of an intranet. As an organization grows, an intranet will grow with it, all the while increasing...