Outsourcing CFO Responsibilities Can Help Your Business Grow

If you have a startup company or small business, you likely have several roles and responsibilities. The Chief Financial Officer’s responsibilities are some of the most important duties that keep a small business growing. At the same time, bookkeeping, payroll, allocation of investments, insurance, and business infrastructure spending might not be something you or your… Read more »

What’s new for 2017: a roundup of tax changes going into effect this year — Part I

The new year promises to be an challenging one for tax practitioners, as President-elect Trump and Congressional Republicans have promised to enact a significant tax reform package in 2017. However, even if there is no new law, practitioners still will have to cope with a number of tax changes that go into effect for the… Read more »

IRS extends micro-captive transaction disclosure deadlines

In a Notice, IRS has extended the deadline by which participants in, and material advisors with respect to, “micro-captive transactions” must make disclosures under Code Sec. 6111 and Code Sec. 6112, until May 1, 2017. A micro-captive transaction is a transaction in which a taxpayer attempts to evade taxation by entering into contracts with a… Read more »

Internal Audit Power: How Internal Audit Can Help Prepare for a SOC Audit

Who takes responsibility for a Service Organization Control (SOC) audit?   Yes, the title gave away the answer a bit. Although the responsibility for the completion of a SOC audit will rest with the board of directors and can be delegated to a key member of management (e.g. controller), an organization’s internal audit department (IA)… Read more »

The Basics of Using Payroll in QuickBooks

Do you use QuickBooks for your business bookkeeping? Are you thinking of hiring a few employees but not sure how that whole payroll thing works? Understanding how to use the Payroll Center in QuickBooks can help your transition to the New Year be smooth and easy. We will go over some basics of how the… Read more »

Special Report: 2016 Tax Year-In-Review

Wave Of 2016 Tax Developments Sets Stage For Even Busier 2017 2016 began and ended with the promise of comprehensive tax reform. The election of Donald Trump as the 45th President of the United States appears to make tax reform likely in 2017. At the same time, legislation, court decisions and IRS determinations issued in… Read more »

What Larson & Company Offers You

Since our inception in 1975, Larson & Company has been dedicated to helping the insurance industry in the Western region run efficiently. Our objective was to offer the best audit services possible to insurance entities. Today we help all types of clients, including small companies and entrepreneurs to non-profit organizations and larger public companies. With locations… Read more »

How Our Accounting Services Can Help You

At Larson Certified Public Accountants, our accounting services seek to show you which areas you are doing well and which areas you need to improve. Our proven method consists of assessing your current situation, designing a financial plan to get you where you want to go, implementing an efficient system, interpret your resulting data, and… Read more »

IRS lowers mileage rates for 2017

The Internal Revenue Service has issued the 2017 optional standard mileage rates to calculate the  of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 53.5 cents per mile for business miles driven,… Read more »

“Last minute” year-end 2016 tax-saving moves for individuals

Although there are only three weeks left to go before the year ends, it’s not too late to implement some planning moves that can improve your tax situation for 2016 and beyond. This Practice Alert reviews some actions that you can take before December 31 to improve your overall tax picture. Observation: Taxpayers and their advisers engaged in… Read more »