Charles has been practicing as a Certified Public Accountant since 1984. Charles spent eight years serving on the Advisory Board for the Tax & Accounting business of Thomson Reuters (TR), the country’s premier provider of software to accounting firms. He has also served on the CPA Advisory Board of Sageworks, Inc., a leading developer of financial analysis tools for financial professionals. Charles frequently serves as a speaker for groups and organizations, including presenting for over a decade for TR at their annual users’ conference. Charles has also presented workshops for the Illinois State Bar Association and the Missouri Society of CPAs.
Charles graduated from the University of Denver College of Business Administration with a Bachelor of Science degree in 1970. He then spent 13 years managing supermarkets and other businesses. Charles taught an accounting course at Southwestern Illinois College for two years. Charles has spent the last 30 years working at helping small business owners succeed.
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.
This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?
According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.