RMA Accounting Services Inc.

You cannot afford to miss it! See you there on March 16, 2019! https://goo.gl/RomDDi

At least that's according to entrepreneurs polled recently by Kabbage, a financial services and data platform serving small businesses. More than half of those polled, or 58 percent, started their businesses with less than $25,000. A third started with less than $5,000. https://goo.gl/3KEhv5

For many small and medium-sized enterprises (SMEs), the new year has begun with an accounting headache. On top of tax returns, if your business is registered for VAT and your annual turnover is, or has been at any time, in excess of 85,000, you will probably have had a reminder from HM Revenue & Customs (HMRC) that you must comply with the Making Tax Digital (MTD) rules from 1 April. These rules require businesses to keep records digitally and to submit their VAT returns using specialist software. https://goo.gl/bdEcbV

In fact, you could say that, when it comes to big data, consumers worry about Black Mirror but hope for more Netflix. A recent study from the Stanford Institute for Economic Policy Research found that consumers say they’re concerned about digital privacy and how their data might be used, but in practice, they consistently choose convenience, enabled by data, over privacy. https://goo.gl/Nh8nyG

When done right, finance management can fuel business growth by helping you reduce your expenses and utilize your financial resources for maximum benefits. Poor management, however, can drive your business into losses, legal issues or even worse, business failure. https://goo.gl/e9C7fw

According to a recent Intuit survey, only 40 percent of small business owners consider themselves "extremely" or "very" knowledgeable concerning accounting and finance. Sound familiar? https://goo.gl/m8MEDy

The American Institute of CPAs has written a letter to the Treasury Department and the Internal Revenue Service with some recommendations about ways to improve their proposed regulations for implementing the limitations under the Tax Cuts and Jobs Act on the deduction for business interest expenses. https://goo.gl/n3RLQT

Some level of bafflement attends tax-filing season every year. But in 2019, as Americans examine their returns for the first time under the full effect of the sweeping new Republican tax law, the situation is the most cryptic in memory. Some tax breaks have been erased or capped, while others have been expanded or introduced. https://goo.gl/MR2PE2

One of the new features of the Tax Cuts and Jobs Act is the introduction of the qualified business income deduction, which went into effect last year. https://goo.gl/e1kpVs

The Tax Cuts and Jobs Act (TCJA) included a bevy of changes that will affect the 2018 federal income tax returns of many small and medium-sized businesses and their owners. As tax return time approaches, here are the 10 changes that are most likely to affect your business or you as an owner. https://goo.gl/hqRfg4