Breoncpa - Breon & Associates

Frequently Asked Questions About Prepaid Expenses

by Breoncpa | Jul 23, 2020 | Accounting

In the course of business, it is sometimes necessary to make advance payments for expenses that fall into more than one accounting period. With accrual-basis accounting, companies implement “matching,” where the company aligns expenses (efforts) with revenues...

Steps You Can Take to Avoid Losses from Healthcare Data Breaches

by Breoncpa | Jul 21, 2020 | Accounting

In today’s digital economy, companies that hold consumer records are under siege from hackers attempting to breach security and illegally access data. Healthcare consumers have to be particularly vigilant, because data breaches are potentially ruinous. If you are...

Protect Yourself and Your Business from COVID-19 Inspired Fraud

by Breoncpa | Apr 14, 2020 | Accounting

It’s become something of a motivational speaker’s cliché to point out that the Chinese word for “crisis” is composed of two characters: one meaning “danger” and the other meaning “opportunity.” That insight is meant to inspire leaders to seize the day and take bold...

Avoid the Crushing Penalties for Failing to File FICA

by Breoncpa | Jan 23, 2020 | Accounting

If you are a small business owner, one of your most onerous tasks is managing payroll. If you have the resources, it pays to outsource the work. But if it falls on you, it’s imperative that you comply with IRS requirements to the letter. Any fudging, any delays, and...

Mark These Deadlines on Your Q1 Tax Calendar

by Breoncpa | Jan 21, 2020 | Accounting

The first quarter of any year is loaded with tax deadlines that come fast and furious. For business owners, there are various reporting deadlines as well as dates for tax payments. If you are late, you face penalties that will seriously cut into your bottom line and...