The Differences Between Cash and Accrual Accounting: Which is Right for Your Business? Understanding the difference between cash and accrual accounting is essential for effectively...
read moreHow to Prepare Financial Statements for Investors and Lenders
December 4, 2024
How to Prepare Financial Statements for Investors and Lenders As December rolls around, businesses often take stock of their performance over the past year. This...
read moreUnderstanding the Difference Between Income Tax and Social Security Tax: A Long-Term Perspective
October 21, 2024
At Waters Hardy, we believe that understanding the ins and outs of your taxes can empower you to make informed financial decisions. Two of the...
read moreUnderstanding Tax Shelters: What They Are and Why They Might Not Be the Best Option
September 3, 2024
When managing taxes, “tax shelter” often comes up in conversations. But what exactly are tax shelters, and why might they not always be the best...
read moreUnderstanding Beneficial Ownership Information (BOI) Reporting: What Business Owners Need to Know
August 14, 2024
As a trusted accounting firm serving small and medium-sized businesses since 1981, Waters Hardy & Company is committed to keeping our clients informed about important...
read moreIRS Tax Audit – What you need to know
July 24, 2024
The Internal Revenue Service (IRS) was boosted by $80 billion in new funding stemming from the Inflation Reduction Act of 2022. Tax planning and compliance...
read moreThe Rise of AI in Accounting
July 22, 2024
In recent years, the accounting industry has witnessed a significant transformation with the game-changing force of AI (Artificial Intelligence). As society navigates this technological shift,...
read moreHow to Choose the Right Business Structure for Tax Benefits
July 11, 2024
When you are first starting a business, tax planning strategies should be a cornerstone of all your foundational decisions. Business accounting is a lifelong venture....
read moreFinding the right Tax Accountant – Key Factors to Consider
June 20, 2024
The importance of tax planning throughout a lifetime cannot be understated. Tax planning has multiple objectives, but smart tax preparation measures and strategies ensure that...
read moreUnderstanding Quarterly Taxes – Who Needs to Pay and Why?
June 10, 2024
When it comes to how and when to file tax returns, not all Americans go through the same process. While many people are used to...
read more