Qualifications You Should Look for in a Good CPA Firm When it comes to managing your financial affairs, the importance of choosing a qualified Certified Public Accountant (CPA) firm cannot be overstated. A good CPA firm can provide invaluable support in navigating complex financial landscapes, ensuring compliance with tax laws, and offering strategic financial advice…
What You Need to Know for the 2024 Tax Filing As we approach the 2024 tax season, it’s essential for taxpayers to stay informed about recent legislative changes that may impact their filings. At Brown, Chism & Thompson, we understand that tax laws can often be complex and overwhelming. To help you navigate these changes…
Your Guide for Year-End Preparation As we approach the end of another calendar year, it’s essential for businesses to prepare for the upcoming changes in payroll regulations and requirements for 2025. At Brown Chism & Thompson, we understand the complexities that come with year-end payroll preparation. Below, we’ll outline the key payroll changes for 2025…
Why Businesses File Bankruptcy At Brown, Chism & Thomson, we understand that the world of business is fraught with challenges and uncertainties. While many companies strive for growth and financial stability, some may find themselves in financial distress, ultimately leading the business to the decision to file for bankruptcy. Here, we will explore some of…
Accurate Financial Records are Essential In the fast-paced world of e-commerce, maintaining accurate financial records is essential for the success and sustainability of your online business. At Brown, Chism & Thompson, we understand that effective accounting practices can make a significant difference in your business’s financial health. Below, we outline some of the best accounting…
Navigating the Economic Landscape of an Election Year The impact of the presidential election on taxes is always unknown. For that reason, as we approach another pivotal presidential election year, the air is thick with anticipation and uncertainty. The choices we make at the ballot box have far-reaching implications, not just for our nation’s leadership…
Tax Reduction Tip Strategies Many individuals are looking for tips on tax reductions and ways to minimize their tax liability and maximize their potential refunds. We understand that navigating the complex landscape of tax laws can be overwhelming. However, with the right strategies, you can effectively reduce your tax burden. Here are eight practical tips…
Tax audits can be a daunting experience for individuals and businesses alike. The thought of being scrutinized by the IRS can be anxiety-inducing, but there are steps you can take to minimize the likelihood of being audited. As experienced CPAs, we’ve seen our fair share of tax audits and have identified some common red flags…
As a leading accounting firm, Brown, Chism & Thompson LLC understands the importance of wealth management for our clients. Wealth management is a comprehensive approach to managing and growing your financial assets in order to achieve your long-term financial goals. It involves a combination of financial planning, investment management, tax planning, and estate planning to…
Be a Cash Flow Crisis Survivor In the world of business, cash flow is king. Without a healthy cash flow, even the most successful companies can find themselves facing a financial crisis. As a CPA firm, we understand the importance of managing cash flow effectively to ensure the long-term success of our clients. In this…
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