What Should Your CFO or Controller Know About Taxes?
Taxes are an important part of managing a business, but tax responsibilities do not belong to one person or department. A business may have a bookkeeper, accountant, controller, CFO, and outside tax professional—all with different responsibilities. While a CFO or...
How Organized Financial Statements Can Lower Your Business Tax Preparation Costs
Business tax preparation costs can be expensive for business owners, and the cost isn’t determined solely by the complexity of your tax return. The quality of your financial records can also make a significant difference. When your books are organized,...
Filed a Business Tax Extension? 7 Things to Do Before Your New Deadline
Filing a tax extension can give your business additional time to complete its tax return, but it doesn’t mean you can put your taxes out of mind until next year. For many businesses that extended their 2025 tax returns, the...
When to Consider an S Corporation Election?
When Should a Business Consider Becoming an S Corporation? As a business grows, one of the most common tax questions owners ask is: “When should I make an S Corporation election?” For many profitable small businesses, an S Corporation election...
Owner Distributions vs Leaving Cash in the Business?
Should I Take an Owner Distribution or Leave Cash in the Business? One of the most common questions business owners ask is: “Should I take money out of my business, or should I leave it in the company?” The answer...
How Much Should You Set Aside for Estimated Tax Payments?
How Much Should You Set Aside for Business Taxes? One of the most common questions business owners ask is: “How much should I set aside for taxes?” It’s a simple question, but the answer depends on several factors—including your business...
Q1 Tax Planning: The Hidden Tax Mistakes Business Owners Make
Why Q1 Tax Planning Matters More Than Most Business Owners Realize For many small and mid-sized business owners, tax planning feels like something that happens once a year—usually under pressure in March or April. In reality, Q1 tax planning sets...
Mid-Year Tax Planning Tips: Avoid IRS Surprises
Tax time doesn’t have to be stressful—especially if you start planning before the year is over. For private companies, mid-year tax planning is the ideal moment to evaluate your tax position, make proactive adjustments, and ensure there are no surprises...
Why Every Growing Business Should Consider a Fractional Finance Department
In today’s fast-paced business environment, financial management is more critical than ever. As companies scale, they often find themselves needing strategic financial oversight without the full-time cost of an in-house team. This is where a fractional finance department comes in....
What It Means to Be a Member of Russell Bedford International
At PW Associates, CPAs we take pride in being a member of Russell Bedford International, a prestigious global network of independent professional services firms. But what does this membership mean for us and, more importantly, for our clients? Here, we...