News & Tips - Augustedge, PLLC

How an Accounting Pro Can Help You Create and Stick to a Budget

Maintaining a clear and effective budget is crucial for success. Yet, many businesses are overwhelmed by day-to-day operations, often making financial decisions without a solid forecast. This can lead to unexpected financial troubles and missed growth opportunities. As accounting professionals, we understand the challenges you face. We are here to offer insights on how a well-structured budget, crafted with the help of an accounting [...]

By Augustedge Staff|2024-07-03T15:44:28+00:00July 11, 2024|Accounting|Comments Off

Living Below Your Means: A Key to Entrepreneurial Success

Starting a business is a thrilling adventure, filled with dreams of innovation, independence, and financial success. However, the reality of entrepreneurship often involves long hours, relentless challenges, and financial uncertainty. As tax and accounting professionals, we have seen firsthand the struggles that startups face. One of the most critical lessons for new entrepreneurs is understanding the importance of living below your means to ensure [...]

By Augustedge Staff|2024-07-03T15:37:30+00:00July 9, 2024|Financial Planning|Comments Off

Think Twice Before Tossing: The Critical Timing for Disposing of Your Tax Records Safely

Article Highlights: Why We Keep Records Audit Defense Amending Returns Claiming Refunds Tax Basis Duration for Keeping Tax Records Federal Statute of Limitations on Tax Refunds Tax Return Omissions Indefinite Retention Financially Disabled The Big Problem! Stock Acquisition Data Stock and Mutual Fund Statements Tangible Property Purchase and Improvement Records The 10-Year Statute of Limitations on Collections Now that your taxes are complete and [...]

By Augustedge Staff|2024-07-03T15:31:56+00:00July 8, 2024|Taxes|Comments Off

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