Prices going up these days is no surprise. Far too often, though, getting your money’s worth is. Our dollars are having to stretch further and further, but we seem to be getting less and less in return. Some companies try to hide increases by keeping the price the...
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Why We Are Changing Our Name (And What It Means For You)
Solomon and the Beatles both said it: “To everything, there is a season…” It seems like things are constantly changing. Small business owners are more aware of that truth than probably any other group on the planet. As a CPA firm serving industries including...
Happy Holidays!
Happy Holidays from all of us at CRS CPAs! We’re looking forward to continuing to help you and your business grow in 2022!
Congratulations to Our Newest CPA!
CRS CPA is happy to announce that Elizabeth Sams has passed her CPA exam! Elizabeth has been with CRS since 2018 and is currently a senior accountant at our Martin, TN office. She is in the audit department but helps with taxes as needed. "I feel blessed to have...
Congratulations to Our New Shareholder
Cowart Reese Sargent, CPAs P.C. is excited to announce that Chloe Humphrey, CPA has been promoted to Shareholder. Chloe has been serving as the Director of Audit and serving in the Martin, TN Office, and has been with the firm for the past six years. Humphrey...
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How to Prep For A Business Audit (And Streamline Your Company)
The mere mention of the word “audit” is enough to cause some business owners to break into a cold sweat. They’ve either been through one before and it wasn’t a pleasant experience or they know that their records are in such a mess that they aren’t prepared for one.In...
Understanding The Basics of Inventory Accounting (A Guide For Small Business)
The goal of any business is to make a profit…usually, as much as possible. To do that, you have to generate revenue. And to do that, you have to move some inventory. This post will help you understand how your inventory accounting impacts your business so you can...
Unraveling Nonprofit Financial Statements To Help Your Organization Do Even More Good
When you run a nonprofit, you have to make every dollar count. Nonprofit financial statements help you stay on top of your income and expenses in a way that shows how you are responsibly using donors’ money. In this post, we’ll unpack what makes nonprofit financial...
The Minumum Acreage For Farm Tax Purposes (And Other Ways To Know If You’re Running A Real Farm)
Do you know the minimum acreage for farm tax purposes? Or what it takes to really be considered a “farm” in the eyes of the government? If you’re not sure, this post is for you. Minimum Acreage For Farm Tax Purposes We recently did a post on “How to Qualify for Farm...
Understanding The New Corporate Transparency Act (And What You Need To Do About It)
The U.S. government has passed legislation that now affects millions of businesses nationwide. If you own a small company, you need to know all about it since failure to comply can result in significant fines and penalties including imprisonment. Effective January 1...