HCJ CPAs & Advisors | audit * tax * consulting

Manual transaction entry doesn’t make sense anymore – not when QuickBooks Online makes the process of importing them from your bank so easy. If you enter them on your own, you risk data transposition errors, which can create inaccuracies in your customer billing, reports, and...

When we’re young and vibrant, we think that we’ll never grow old.  We enjoy each day never thinking there might come a day when we’ll need help to get by.  When we think of elder care, we might picture a nonagenarian in a wheelchair living...

The Internal Revenue Service (IRS) has announced a moratorium on new claims related to the pandemic-era Employee Retention Credit (ERC, also known as Employee Retention Tax Credit).  The pause on new claims goes into effect immediately and will last until at least 2024.   When claimed properly,...

On Wednesday, June 14, the Federal Reserve announced a pause in interest rate hikes for the first time since March 2022. The decision comes after promising economic indicators show that relief from historic inflation may be coming.   Inflation Falls from Peak  In a good sign for consumers,...

If you are a grandparent there are several things, you can do to teach your grandchildren financial responsibility and set aside money for their future education and retirement. Before we get into actual suggestions, it is important that you understand the gift tax rules. You...

This credit goes all the way back to 2006, providing a tax credit for making energy-saving improvements to a taxpayer’s home. This tax benefit was supposed to expire after 2021 but a law change has given the credit renewed life and substantially enhanced it beginning...

If you had to make a list of people who changed the world essentially just by existing, Henry Ford's name would likely be on it.  Most people know him from history as the founder of the (appropriately named) Ford Motor Company. Here, he developed the assembly...

According to one recent study, workers who make up the "gig economy" contributed roughly 5.7% to the gross domestic product of the United States in 2021 alone. If you needed a single statistic to help underline what a significant shift this has become in the...

If you had to make a list of all the things that most business owners hate, taking care of accounting and other financial matters is probably right at the top.  Yet at the same time, a lot of those same business owners are struggling. Maybe they...