Jeff Covey CPA

05/02/2022

What is the Best Payroll Software for Your Clovis Small Business?

These are the factors that your business should take into consideration when evaluating a payroll software for your Clovis small business.

04/29/2022

Payroll software might be the most important system you implement in your business. And, though prices vary widely, basic out-of-the-box payroll software generally starts in the low three figures.

Here are some best-known vendors and a smattering of features:

Gusto
Offers a complete range of all the needed tools and often tops the list of payroll software roundups. Offers onboarding features and syncs with the latest meeting apps, too. Pricier plans seem to have the real extras.

Intuit QuickBooks Payroll
It’s not surprising that this integrates well with their suite of accounting and other business software. Taxes and benefits are covered of course, among other areas, and they also offer templates for new hires, company policy, HR laws, and conflict resolution.

ADP (Automatic Data Processing Inc.)
Any search for payroll software would have to include this household name in the field. Just about all the tools you’d ever imagine for payroll – the trick here would be to not pay for more than you need.

04/28/2022

Inflation is taking its toll on everyone and everything... including retirement.

Nearing retirement age and wondering if your golden years nest egg is going to sustain you with the recent economic shifts? You're not alone.

Hear or read this conversation with a CBS News business analyst on top questions asked of financial planners and what role inflation and tax rates may play.

04/27/2022

What financial systems have you set up to help you reach your business goals this year?

04/26/2022

Who would agree that we should have been teaching personal finance in schools a LONG time ago?

Georgia will likely be the next state to pass a personal finance education mandate, according to a bill tracker from nonprofit group Next Gen Personal Finance.

04/25/2022

Tax planning is for those who want to get ahead of the game and not simply "play defense" during the tax filing season.

We take a look at what your projected return would be, and we give you things to do before year-end to abide by the code ... to your advantage.

Contact us if you're interested in playing offense this year.

04/25/2022

Small Business Accounting Software: A Clovis Owner's Guide

With a plethora of options on the table, choosing the right small business accounting software can prove difficult – but here are some tips to get you started.

04/22/2022

Did you know the average tax refund this year is around $3,000? Makes that beachside vacation seem like a real possibility (a change of scenery is tempting after the last few years).

But have you considered putting that extra cash toward something that could truly be beneficial... especially when times get tough?

If you don't have one or yours is depleted, consider depositing your whole refund in an emergency fund.

In these days of inflation and economic uncertainty, an emergency fund should be a high priority. A good goal is accumulating enough for six months’ living expenses, at least.

04/21/2022

There are a couple of things you should think about putting on your business’s spring cleaning list:

- checking for obsolete inventory
- checking for uncollectable debts

Some goods just don’t get sold and some debts just can’t be collected.

The plus side of looking into these? Tax deductibility.

04/20/2022

Feel a little bit like Goldilocks when it comes to choosing the right accounting software for your business?

A few tips:
- Start by narrowing the offerings according to what industry or industries they can serve best. You want one of those industries to be yours.
- Then determine what kind of price tag you're willing (and need) to pay for software. Sure, Quickbooks is relatively cheap, but it may not be the ideal software for your business.
- Ask as many questions as you can to make sure you understand all aspects of what the software you choose offers.

Need help deciding which software is just right? Well, we're right here.

04/19/2022

One of the things you don't really think about when going through a divorce is how it will affect your taxes.

Because we like to prepare our followers for every tax situation, here's some great insight on how to navigate that.

Navigating tax time as a newly single person (or a nearly single person) takes a few adjustments. For smooth sailing, follow our tax tip checklist.

04/18/2022

You made it to Tax Day. Whew! Make sure and grab up some of these freebies and discounts that are valid today.

As for us, we're still busy at it. (And now accepting encouraging words, happy thoughts, hot coffee, yummy treats, and high fives.) 😉

You know what they say about life‘s only guarantees being death and taxes, but gosh, isn’t that grim? Lighten up and add some levity to your tax filing deadline with these Tax Day freebies, discounts and deals to save some more of your hard-earned money (while also treating yourself). Here are t...