tips Archives - Wiss & Company, LLP

Tag: tips

Reading Financial Statements 101 – Quick Tips To Identify Potential Errors

Written on May 15, 2018. Posted in Tax Alerts.

The last thing your company or organization wants is unreliable financial statements. Your partners, investors, lenders and especially your company’s bottom line depend on numbers from your accounting department that you can comprehend and trust. To minimize the potential for errors, make sure that the following criteria are met when reporting your numbers: Balance Sheet Asset accounts should have debit balances and liability accounts should have credit balances. As long as your...

Plug in Your Car and Receive a Tax Break

Written on January 16, 2017. Posted in Tax.

By Wiss Associate Have you recently purchased an electric or hybrid car? If so, you may be eligible for a significant tax credit. Consumers of these energy-friendly vehicles can benefit from a tax break of $2,500 to $7,500, contingent on two essential factors: a car’s battery size and the amount of income taxes you owe during a specific year. Contrariwise, vehicles that have 4 kWh batteries can be eligible for a $2,500 tax benefit. In order to stay informed on the complex rules of...

New Doors, Windows, or AC Unit? Get ready to receive a tax credit!

Written on January 11, 2017. Posted in Tax.

By Wiss Associate If you made your home a little more energy efficient last year, you may qualify for a tax credit on your federal income tax return. In previous years, to encourage clean energy conservation in residences of Americans everywhere, the Department of Energy and the EPA have worked collectively to develop Energy Star, a program designed to promote business and home energy efficiency by deeming appliances like solar panels, air conditioning and heating systems, and windows...

Tips for Providing Quality Client Service

Written on December 28, 2016. Posted in General Business.

By Carrie Grotz I am a lover of coffee and I frequent Dunkin Donuts (DD). I know their menu so well in fact, that I could probably work there. From the moment I enter a DD, I can usually tell which have knowledgeable staff, good donuts (the ones that look fresh, large and full of filling), those that offer the “fun” munchkins instead of just the plain, chocolate, and powdered ones, and just by glancing at the staff, I can usually tell from the moment I place my order if the coffee...

Seize that Opportunity!

Written on April 23, 2015. Posted in Wiss Gets Personal.

By Diana Miller When asked if I’d be interested in co-authoring an anthology book called “Results! – Impactful Solutions to Drive Business”, my first thought was “Is this something I can do?” Immediately, I stopped my “old Diana” thinking and said “Of course I can and I should take this opportunity.” Too often we let opportunities like this pass us by, and my word of advice would be, if you are truly passionate about achieving a goal you must believe in yourself,...

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