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So far Abacus CPAs has created 159 blog entries.

Hiring Your Children for Tax Benefits: What You Need to Know

By |2021-12-17T13:53:52-06:00November 1st, 2021|Better Guidance|

As a business owner, you likely have two primary goals for your work: make as much money as possible and do anything possible to lower your tax bill. However, many small business owners miss one key deduction right in front of them: their children. Many business owners are unaware there is a tax strategy where they [...]

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Year-End Preparation: Setting Yourself Up For Success

By |2021-12-17T13:48:02-06:00November 1st, 2021|Better Guidance|

As the end of the year draws near, having a head start in collecting information for next year’s taxes is beneficial. In addition, having an accounting year-end checklist can help make sure all outstanding business tasks are taken care of before the new year begins. Use this checklist to better meet your company needs: Get all [...]

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Abacus CPAs, LLC named one of Better Business Bureau’s 2021 Torch Award Recipients

By |2022-02-10T10:41:39-06:00October 20th, 2021|News|

The award celebrates companies with exceptional standards for ethical business practices and service. [Springfield, MO – October 18, 2021] – Abacus CPAs, LLC was recently named one of Better Business Bureau’s Torch Award Recipients which identifies, recognizes, and honors companies that are committed to exceptional standards for ethical business practices and service to their customers, [...]

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How to Be a Leader When You’re Not in a Leadership Position

By |2021-12-17T14:07:46-06:00September 22nd, 2021|Better Guidance|

What makes you a leader is not defined by your position but by your attitude. Anyone can be a leader, despite their title and regardless of their position. If you strive to be a leader, it's time to move past the idea of waiting for a label or status to give you authority. It's time to [...]

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Best Practices to Pass the CPA Exam and Take Care of Yourself, Too

By |2022-02-10T10:46:54-06:00September 22nd, 2021|Better Guidance|

Accountants students worldwide know that becoming a CPA is one of the “must-haves” for a successful career in public accounting and a prestigious certification to hold in private accounting. Many professionals will pursue the CPA, but not all will succeed. The cumulative passing rate for CPA Exam in 2020 was 57.67% - an unusually high number [...]

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Buying New Equipment For Your Business? Consider Your Options for Expensing Costs

By |2022-02-10T11:17:56-06:00September 22nd, 2021|Better Guidance|

When you buy new equipment for your business, you have the option of expensing the entire cost of that equipment with two different methods: Bonus or Section 179 Depreciation. Bonus Depreciation Generally, bonus depreciation will let you deduct a percentage of that cost upfront, while Section 179 enables you to deduct a set dollar amount of [...]

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Shannon Terry, CPA, of Abacus CPAs, LLC awarded Trusted Adviser by Springfield Business Journal

By |2022-05-18T09:27:54-05:00September 3rd, 2021|News|

[Springfield, MO – September 7, 2021] – Abacus CPAs, LLC is proud to announce that Shannon Terry, CPA, has been awarded the distinction of Trusted Adviser in Accounting as part of Springfield Business Journal’s 2021 Trusted Advisers.  The award ceremony will be held later today at DoubleTree Convention Center. Terry, who joined the firm in [...]

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Creating an Entrepreneurial Mindset: Giving up Security in Exchange for Opportunity

By |2022-04-18T14:12:33-05:00July 29th, 2021|Better Guidance|

“Entrepreneurs are people who give up security in exchange for opportunity. Unlike most people who are content with a job, a regular paycheck, and clearly defined responsibilities, entrepreneurs are willing to jump into the unknown, betting on their intelligence, expertise, and ability to problem-solve and create solutions in the hopes of generating a profit.” – The [...]

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How Can I Save Money on Taxes?

By |2022-02-25T13:07:29-06:00July 29th, 2021|Better Guidance|

Saving money on taxes might be the most common question that a business owner has for their tax professional. But really, as a business owner, you should be asking how you can make the most of the current tax code, as it is written, and ensure your maximum refund. Unfortunately, most business owners are so busy [...]

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Why You Should Consider Establishing a Donor-Advised Fund

By |2022-02-25T13:17:39-06:00July 29th, 2021|Better Guidance|

With roots back to the 1930s, donor-advised funds (DAF) have become more popular as philanthropic vehicles to increase giving and reduce tax liability. But what makes a DAF so appealing, how do they work, and how can one decide if it would be the right choice for them? The goal of this blog will be to [...]

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