Our Blog

New Business Name Announcement and Open House Invitation

Sean Manning

As a valued client, we are delighted to let you know that owner Sean Manning is changing the company’s name, Manning & Company, PC, to Insperience Business Services. Our dedicated and experienced team of CPA’s, accountants, client managers, and support staff will stay in place, and Sean will remain owner, to help lead our consulting services centered around a...

Read More...

Be $1,000 Richer by Next Year with These Simple Savings Strategies

Sean Manning

May 2, 2016

Wow! May is already here—and if you’re like many Americans your savings account balance is still stuck where it was at the beginning of the year. So what to do? You can’t make up for lost savings opportunities…or can you? We believe that you can with a little bit of discipline. For example, saving $125 a month can be as easy as:

  • Renegotiating your...

Read More...

5 Actions to Reduce Cyber Liability Risks in Your Business Today

Sean Manning

April 14, 2016

A quick glance at the news is all it takes to realize that the threat of cyber attacks is increasing for businesses. So how can your business beat the odds and avoid becoming another victim of cybercrime? Try putting the following five action items at the top of your priority list:

  1. Encrypt your data. Whether it's bank routing digits, credit card accounts or...

Read More...

Final Check – Did You Claim Every Eligible Tax Deduction?

Sean Manning

March 31, 2016

Every year, American taxpayers leave millions of dollars on the table for Uncle Sam—in the form of unclaimed tax deductions. With Tax Day just around the corner, it’s time to do one final check to make sure that you are not missing out on three of the most common deductions:

  • Retirement contribution deductions for single-income couples and the...

Read More...

Five Snacks to Spring Clean your Body and Mind

Sean Manning

March 15, 2016

Spring is here and the season for new beginnings. This is a good time to re-think "spring cleaning" and choose snacks that can cleanse our bodies from the inside out.

These five snacks are guaranteed to feed your mind, detoxify your body, and satisfy your palate!

1. Guacamole - High in fiber and “fat” but don’t worry, it’s good fat!...

Read More...

Make Your Spring Break Worry-Free with These Home Security Tips

Sean Manning

March 1, 2016

If you’re packing your bags for a spring break getaway, take a little time before you leave to implement the tips below—they’ll help keep your home safer while you’re gone, and free your mind of worry so that you can truly enjoy your trip.

  1. Tell your neighbors that you will be away. Inform your neighbors and friends of the dates that you...

Read More...

Tax Season is Scam Season... Keep Your Information Safe!

Sean Manning

February 16, 2016

The IRS has joined with industry and states on a public awareness campaign to provide taxpayers with easy tips to better protect themselves. For some quick tips, you can watch an informative video here.

Tax-related identity theft occurs when someone uses your stolen Social Security Number to file a tax return...

Read More...

Identity Protection PIN Letters List Incorrect Tax Year

Sean Manning

February 1, 2016

According to a recent IRS notice, due to an error, taxpayers are receiving Identity Protection (IP) PIN letters with an incorrect year listed. If you received the CP01A Notice dated January 4, 2016, be aware that the PIN contained in it is valid for use on all individual tax returns filed in...

Read More...

Getting Over It… Quick Tips for Beating the Post-Holiday Slump

Sean Manning

January 18, 2016

It’s a stark reality that millions of us face once the holiday season is over: the post-holiday slump. Even just a few days off can make coming back to the office seem excruciating—there’s all that work to do, the anticipation and cheer of the holidays are gone, and for many people the next vacation day is a long way off. Yes, being a working adult is tough, but getting over...

Read More...

Customer Service Goes Social—Is Your Business Prepared?

Sean Manning

January 4, 2016

If your business engages in social media, you may have noticed an uptick in the number of customers who are posting questions on your Facebook page, tweeting comments or engaging with your company on other social platforms looking for customer service support. It’s a trend that is affecting just about every type of business—and using social media as a customer service channel will...

Read More...

IRS Simplifies Filing and Recordkeeping for Small Business – Hooray!

Sean Manning

December 15, 2015

In an ongoing effort to keep you informed of IRS changes, we have a new and important one to report. And this time, the change eases your filing burden.

Within the last month, the IRS significantly simplified the paperwork and recordkeeping requirements for small business by raising the safe harbor threshold for deducting certain capital items from $500 to $2,500. This applies to...

Read More...

Tis the Season! Avoid Common Holiday Scams with These Tips

Sean Manning

December 1, 2015

As cybercriminals begin to take advantage of the holiday season, it’s important to take extra precautions to avoid having your money, credit card information, social security number, or identity stolen. E-commerce thieves, at this time of year especially, will try to create holiday-related websites, scams, and other phishing e-mails that can trick even the most alert consumers. The...

Read More...

The Key to Scoring on Black Friday? Create a Pre-Game Plan

Sean Manning

November 16, 2015

The countdown is on to the what retailers hype as the best shopping day of the year—the day after Thanksgiving dubbed by Americans as ‘Black Friday’—represents the kick-off to the holiday shopping season. However, given the explosion of retail competition and the Internet in the past several years, Black Friday is really not what it used to be. And if you’re not...

Read More...

It’s Tax Planning Time—Here Are Some Money-Saving Tips for Individuals and Businesses

Sean Manning

November 2, 2015

With just a few short weeks to go before the end of the year, it’s important to take a look at your tax situation and consider ways to decrease your tax obligations. In other words, it’s time for tax planning. We put together the following tips for you to support smart tax decisions:

  1. Stay apprised of potential tax provision extensions. Congress...

Read More...

4 Steps to Finding the Sweet Spot for Success

Sean Manning

October 14, 2015

Ah, the sweet smell of success! Achieving goals and bringing our vision to fruition is the end-game for most of us, especially in our business lives. Unfortunately, success can sometimes elude us to the point where we have to start looking at what, exactly, is going wrong. Perhaps, though, the question we ought to be asking is this: What is going right? By honing in on what is bringing you or...

Read More...

Ease Aches, Pains and Worker’s Comp Claims with These Ergonomics Tips

Sean Manning

September 30, 2015

The Human Factors and Ergonomics Society has designated each October as National Ergonomics Month (NEM). Ergonomics is an applied science that incorporates principles of usability into the design process with the goal of making finished products more effective and safe for people to use.

In the workplace, proper ergonomic practices can play an important role in reducing pain,...

Read More...

Spending Less Cash on Gas? Use Your Savings to Rev-Up Your Finances

Sean Manning

September 15, 2015

If you did any road trips over the summer—or you commute to work—you’ve likely noticed that filling up your vehicle doesn’t necessarily empty your wallet anymore. Thanks to lower gas prices, the average American is on track to save approximately $750 on gas this year.

While it’s not life-changing, $750 can make a difference to your personal finances if...

Read More...

New Tax Law More Than Doubles Fines for Failure to File Information Returns and Failure to Provide Payee Statements

Sean Manning

September 1, 2015

The Trade Preferences Extension Act of 2015 was recently signed into law. Part of this new law includes a provision that more than doubles the cap on penalties from $1.5 million to $3 million for 1) failure to file correct tax information returns and 2) failure to provide payee statements. In both cases, fines have been increased from $100 to $250.

These changes are...

Read More...

Highway Funding Bill Ushers in New Tax Return Due Dates and Other Important Changes

Sean Manning

August 13, 2015

As reported by The Journal of Accountancy on July 31, the short-term highway funding extension passed by the Senate—and signed by President Obama—at the end of July contains several important tax provisions (H.R. 3236). The bill was passed by the House of...

Read More...

Not Sure Which Metrics Are Right for Your Business? Help is Here!

Sean Manning

July 29, 2015

As legendary business author Peter Drucker once said, "What's measured improves." If you've been in business any length of time, you know that creating meaningful measurements that tell you how your business is doing (a.k.a. Key Performance Indicators or KPIs) can be challenging. The good news is, you only need a few KPIs to really get a handle on the financial pulse of your...

Read More...

Plan in Advance to Help Aging Parents Manage Their Money

Sean Manning

July 14, 2015

For many adult children, it’s hard to contemplate the fact that their once seemingly invincible parents may now—or at some point down the road—become dependent on them to take care of their everyday needs. If you don’t feel prepared to take on these tasks, this scenario can be very stressful—especially when part of your duties involves taking care of your...

Read More...

Four Ways Mid-Year Financial Planning Can Pay Off

Sean Manning

June 29, 2015

Tax season is over and one of the biggest American celebrations—the Fourth of July—is just around the corner.  Maybe you’re looking forward to a little downtime this summer, so perhaps working on your financial plan has slipped to the bottom of your to-do list. It’s understandable, but putting your finances on cruise control at mid-year is not an ideal strategy....

Read More...

Summer Break for Your Kids Could Mean a Tax Break for Your Business

Sean Manning

June 15, 2015

School’s out for many kids, and if you run your own business, you may be able to turn your child’s summer break into a tax advantage—and some extra help—for you.

Hiring your offspring as an employee to do legitimate work in your business provides several tax benefits:

  • You can deduct the salary you pay your child from your business income as a...

Read More...

The IRS Confirms Hacking of Taxpayer Accounts—What You Need to Know

Sean Manning

June 4, 2015

Last week, the Internal Revenue Service (IRS) announced that a "brute force" hacking attempt compromised approximately 104,000 taxpayer accounts through the utilization of the “Get Transcript” tool located on IRS.gov. In the attack, hackers utilized information gleaned from black market sources to answer identity verification...

Read More...

Take Time to Really Live Offline

Sean Manning

June 1, 2015

It’s no secret that the majority of Americans are spending a lot of time online. While some of the time we spend on the Internet is productive, there’s a lot of it that’s not—and it’s crowding out some of our higher value offline activities, according to research from the National Bureau of Economic Research (NBER).

In a recent NBER study, each minute of...

Read More...

Want to Improve the Efficiency of Your Business? Toss the To-Do List

Sean Manning

May 14, 2015

When it comes to running a business, building as much efficiency as possible into your operations is the key to keeping things running smoothly and freeing up your own time to focus on the big picture. While employing the right team and the right technology are integral to boosting efficiency, so is having the right mindset when it comes to how you approach day-to-day tasks.

You may...

Read More...

Tax Day 2015 is Gone. Time to Ask These Three Questions.

Sean Manning

April 30, 2015

Yes, Tax Day has come and gone for this year, but the memory of your tax return is likely still fresh. So before you move on, consider the following three questions that may point you toward areas you want to work on before next April 15 rolls around.

Do I need to start my tax filing earlier?
Ideally, you should engage in tax planning year-round. As your trusted...

Read More...

Control the Clutter! 5 Tips to Create a More Organized Life

Sean Manning

April 16, 2015

If compiling all of your tax documentation this year triggered the thought that you really should try to be more organized, then the following tips are for you. Constantly searching for things you have misplaced, missing important dates, and not feeling like you have control over your days can waste your time and increase your stress level.

The following tips will help you take...

Read More...

Keep Safe with These Spring Break Travel Tips

Sean Manning

April 1, 2015

If you’re planning to travel this spring break, you have likely already spent time planning your trip—but have you spent time thinking ahead about how to reduce the chances of a mishap while you’re traveling? While no one wants to ruin their vacation worrying excessively, it is wise to take a few preventative steps to ensure that your time away is not marred by an easily...

Read More...

IRS Offers Small Businesses Limited Relief for Health Coverage Reimbursement Arrangements

Sean Manning

March 16, 2015

Some health coverage reimbursement arrangements offered by small employers (those with less than 50 full-time employees) are considered by the IRS to be non-compliant with the health coverage plan requirements set forth in the Affordable Care Act (ACA). Beginning January 1, 2014, employers who offer such plans were facing a significant penalty: an excise tax of $100 per employee per day, up...

Read More...

Don’t Be a Victim! Beware of Scams Targeting Taxpayers This Tax Season

Sean Manning

March 2, 2015

With the rise of identity theft and tax and financial fraud, it is critical that we all remain vigilant about protecting our sensitive personal and financial information—especially during tax season. Being alert to any attempts by criminals to intercept your information is one important way you can protect yourself. The IRS recently issued the following alerts about a new crop of tax...

Read More...

Four Easy Ways to Energize Your Employees

Sean Manning

February 16, 2015

February can be a tough month when it comes to motivation and energy levels for many people. So it’s not surprising that employees may seem a little less productive at this time of year. Fortunately, the following four tips can help you put the spring back in your team’s step—and boost the productivity of your business.

Keep Sharing Your Vision

Read More...

Keep This, Not That—Which Documents Should You File and Which Should You Toss After Tax Season?

Sean Manning

February 2, 2015

If there’s one time of the year that may inspire you to finally come up with a filing system for all of your bank statements, receipts and other important documents, it’s tax season. Not only will keeping your documents organized make it easier and less stressful for you to find what you need on a daily basis (and when you are getting ready to have your taxes prepared), it will...

Read More...

Ten Tax Changes That May Impact Your 2014 Tax Return

Sean Manning

January 14, 2015

Tax season is here, and there are many tax changes that were implemented in 2014 and more to be introduced in 2015. From Obamacare to tax hikes and changes to standard deductions, there's a lot to keep track of. To help you get organized for this tax season and beyond, review this summary of some of the most significant tax issues and changes.

Obamacare Penalties Kick...

Read More...

Tips for Achieving Your Financial Goals This Year

Sean Manning

December 29, 2014

With 2015 just around the corner, it’s smart to take a few minutes to plan ahead for the coming year in terms of the goals you want to achieve. If managing your money more effectively in the year ahead is one of the things you want to tackle, it helps to break your goal down into manageable steps.

Figuring out your financial plan comes down to three essential steps: managing,...

Read More...

Give Yourself a Last Minute Gift: Year End Tax Planning

Sean Manning

December 15, 2014

It’s the most wonderful time of the year—and for many of us, it is also one of the busiest. While adding one more thing to your to-do list—like year-end tax planning—may induce a feeling of overload, it really is one task you shouldn’t skip, because it can give you the gift of a lower tax bill next April.

Here are a few tips to help you end 2014 with the...

Read More...

Unique Ways to Share Your Gratitude This Thanksgiving

Sean Manning

November 25, 2014

With Thanksgiving literally right around the corner, it’s the perfect opportunity to reflect on the abundance that we have in our lives and how we might express our gratitude to the people who mean the most to us.

If you are enjoying a gathering with family and friends this Thanksgiving, here are a few unique, fun activities from that can help you create an atmosphere of genuine...

Read More...

Five Things You Can Do to Reduce the Risk of Spreading Cold and Flu in Your Office

Sean Manning

November 17, 2014

Late fall typically marks the beginning of cold and flu season, which can pose a real threat to businesses. While public health officials continue to push flu shots, the message isn’t inciting many people to act. Add to this those employees who are hesitant to take sick days, meaning they come to work and inadvertently spread germs, and the potential for a cold and flu outbreak...

Read More...

Reaping the Rewards: Tips for Implementing an Effective Employee Incentive Program

Sean Manning

October 30, 2014

For some employees, the satisfaction of doing a great job is a reward in and of itself. However, for many companies, implementing a rewards program for employees is necessary in order to maintain employee morale and productivity. While investing time and money to develop and implement an employee incentive program may seem like an inefficient use of resources that detracts from your bottom...

Read More...

Do Your Employees Know What Customer Service Means to You?

Sean Manning

October 15, 2014

If you own a business, you know that your customers are its lifeblood, so customer service is key. While you may recognize this fact, it may not always resonate with your employees. So how do you ensure that all your hard work to win customers isn’t undermined by poor customer service when they come face-to-face with your employees—especially if you can’t always be there to...

Read More...

Is Your Business Prepared for the Next Phase of Obamacare?

Sean Manning

October 1, 2014

In just a few short months, the calendar will read 2015—the year in which the next phase of the Affordable Care Act, known as Obamacare, will kick in for businesses with 100 or more employees. Under the law, businesses with 100 or more employees on their payroll will need to start providing health benefits to at least 70 percent of their full-time workers in 2015, and to 95 percent by...

Read More...

Is Your Business Facing Back Taxes or Penalties? Take a Proactive Approach Before Next Tax Season.

Sean Manning

September 16, 2014

While you may still be enjoying the last few weeks of summer thinking that it’s too early to start preparing your business for tax season, you may want to reconsider putting your tax planning on hold—after all, the peak of the tax preparation period is just a few short months away.

While it is wise to engage in tax planning strategically and consistently throughout the...

Read More...

Don’t Fall Back—Use These Tips to Get Ahead Financially Before the Year Ends

Sean Manning

August 28, 2014

With the official start of the fall season almost here, it’s the perfect time to get your finances in shape before year-end, so you’ll be well-prepared when 2015 begins.

Increase your retirement contributions. If you’re not already saving for retirement, start now! If you know you need to save more, up the contribution you are making to your...

Read More...

Re-energize Your Business by Getting into a Back-to-School Mindset

Sean Manning

August 14, 2014

The back-to-school season is always an exciting time. You can feel it in the air…a time of new beginnings and opportunities. And while the kids are enjoying reconnecting with friends and teachers and the thrill of new school clothes, business owners can adopt their own form of back-to-school spirit to revitalize excitement around their business. Here are a few tips to help you get into...

Read More...

Delegation: The Ultimate Productivity Enhancer for Business Owners

Sean Manning

July 31, 2014

As a business owner, one of the hardest—yet most beneficial skills to learn—is delegation. Many people who run businesses and have staff often find delegation of duties difficult for a number of reasons—two of the most common being a perceived lack of time (the “It’s faster to do it myself” excuse) or because they have a hard time letting go of their...

Read More...

Why “Set It and Forget It” is Not a Winning Website Strategy

Sean Manning

July 15, 2014

So, you have a nice website for your business—you can check “web strategy” off the to-do list, right? Not so fast! While creating a website that is easy to navigate, visible to search engines, and true to your company’s brand is no small feat, it should be just the first step in your website strategy. To maximize your organization’s web presence, you can’t...

Read More...

Don’t Neglect Your Own Finances When Caring for Aging Relatives

Sean Manning

July 1, 2014

As the number of seniors in the U.S. population continues to increase, so does the number of people taking care of an aging parent. In 2011, an estimated 10 million adult children over the age of 50 were caring for an aging parent. Having to take on this type of responsibility, especially during your prime earning years, can take a toll—not only emotionally and physically, but...

Read More...

Is Your Company Ready to Take on the Telecommuting Trend?

Sean Manning

June 16, 2014

Allowing employees to telecommute, also known as working remotely, is a major trend destined to reshape the way that companies recruit and manage employees in just about every industry. According to a 2013 survey conducted by the Society for Human Resource Management, more companies were planning to offer telecommuting in 2014 than any other new benefit. And, research by Global Workplace...

Read More...

Are Summer Vacations a Thing of the Past? Don’t Let It Hurt the Productivity of Your Business

Sean Manning

May 29, 2014

While we’ve just celebrated the first official summer holiday weekend, studies show that almost 75 percent of employees do not take all of their allotted vacation time. In fact, many employees hesitate to take a break from work, and those that do often check in at least daily while on vacation, returning emails or taking calls. This may seem like true dedication to a job, but experts...

Read More...

An Ounce of Prevention – Protect Yourself Against Identify Theft

May 1, 2014

According to the most recent U.S. Department of Justice data, approximately 7 percent of U.S. residents age 16 or older are victims of identity theft each year. While the overall percentage of Americans affected by identity theft has held steady since 2008, identity theft related to tax information is increasing rapidly. In fact, the Federal Trade Commission (FTC) recently released statistics...

Read More...

Don’t Spend Your Tax Refund Unless You’ve Considered These Tips!

April 14, 2014

Hopefully you have already filed your tax return and are anticipating at least a modest refund. But, before you get too excited about splurging with your IRS check, stop for a moment and remember that you earned that money! While many people view a tax refund as ‘bonus’ cash—it isn’t. It is simply a return of the funds that you earned and paid as tax beyond what your actual obligation...

Read More...

Does Your Business Need a Post-Tax Season Tune-Up?

March 31, 2014

With the business tax return deadline behind us, this is an ideal time to think about giving your business a little post-tax season tune-up with the intention of making next tax year easier and improving your financial situation. Here are a few key areas to consider analyzing now that your business taxes are filed:

Day-to-day accounting. With the rush of preparing...

Read More...

The Child Tax Credit Can Give Parents Some Relief

March 17, 2014

There’s no disputing the fact that raising children today is a costly endeavor. However, the American Taxpayer Relief Act of 2012 (ATRA) has eased parents’ tax burden and put a few dollars back in their pockets with the Child Tax Credit, which ATRA made permanent. This tax credit can be worth as much as $1,000 per qualifying child depending upon a parent’s income.

Because it...

Read More...

Is the New Simplified Home Office Deduction Right For You?

March 4, 2014

A nice home office is often one of the biggest perks of being a freelancer, and it can also provide you with a significant tax deduction if you qualify for it. Up until this tax year, the calculations needed to claim the home office deduction were complex and required meticulous record keeping and a separate form (Form 8829). However, starting with your 2013 tax return, the IRS has introduced...

Read More...

Take Advantage of the Invaluable Learning Opportunity Your Tax Return Provides

February 14, 2014

With tax season in full swing, you are likely busy compiling all of your tax documents and expense receipts to support the preparation of your return. When you think about it, there is a lot you can learn from preparing to file your tax return. It provides the perfect snapshot of where you stand financially, which can offer important insights into your money management habits. While there are...

Read More...

Business Owners, Be IRS Audit Savvy this Tax Season

February 1, 2014

With tax season here, you might be wondering just how likely you are to hear from the IRS after you file by means of an audit notice. While the chances you will be audited are relatively low if you file a straightforward personal tax return, the more complex your tax situation becomes (reporting business income or graduating to a high-income tax bracket, for example), the more likely it is...

Read More...

Does Your Business Need to File 1099s? The Initial Deadline of January 31 is Fast Approaching!

January 17, 2014

If your business spends $600 or more for services from another business or an individual contractor during the tax year, you may have to report the amount on a Form 1099. The requirement to file 1099s applies to all types of businesses, C-Corporations, S-Corporations, LLCs, all partnerships, and sole proprietorships. Forms 1099 are normally issued to unincorporated...

Read More...

This Tax Year Includes a Baker’s Dozen of Changes to Digest

January 3, 2014

Happy New Year! Now that the holidays are over, it’s time to get serious about reviewing where you stand from a tax perspective. As you may recall, in 2013 Congress and President Obama made a budget deal to avoid the fiscal cliff which resulted in seven tax increases. In addition to these increases, the introduction of the Affordable Care Act (also known as Obamacare) also included six...

Read More...

IRS Eases the “Use-it-or-Lose-it” Rule for Flexible Spending Plans

December 17, 2013

With the end of the year on the horizon, many individuals with flexible spending accounts (FSAs) are scurrying to spend residual funds to avoid “losing” them, in accordance with IRS regulations. However, the regulations have now changed with the IRS easing the “use-it-or-lose-it” rule for health flexible spending plans. Individuals with FSAs can now carry over a maximum of $500 to...

Read More...

Should You Apply for Social Security When You Apply for Medicare?

November 27, 2013

If you’re nearing the customary retirement age of 65, you may be considering when to apply for Medicare and Social Security benefits. This is an important decision that can have significant impact on your financial situation down the road, so it is important to understand how these benefit programs work. In particular, if you are not planning to retire at the full retirement age (FRA) of 65...

Read More...

Don’t Let the Delayed Tax Season Stop You from Being Prepared

November 14, 2013

The IRS recently announced that, for the second year in a row, it will delay the start of tax season. However, the April 15 filing deadline, which is set by statute, remains in place. Last year it was the fiscal cliff negotiations that pushed back the start of the tax filing period. This year, of course, it is the 16-day government shutdown that put the IRS approximately one to two weeks...

Read More...

LLC Owners and Participants: Be Aware of IRS PAL Regulations

October 30, 2013

If you own a Limited Liability Company (LLC) that you are not actively managing, but you claim tax deductions, this blog post will be of interest to you. Close to 30 years ago, the IRS passive activity loss (PAL) rules (I.R.C. Section 469) were enacted to limit the degree to which money-losing LLCs could be used as tax shelters by their owners claiming losses—such as depreciation, interest,...

Read More...

You Get What You Give: Tips for Motivating Your Employees Through the Holidays

October 17, 2013

Halloween is just around the corner and in a few short weeks the calendar will flip to November 1—the unofficial beginning to the winter holiday season that can seriously reduce employee productivity. After all, who has time to put in a solid eight hours a day at the office when there is seasonal shopping, schmoozing, and socializing to be done?

Many business owners have a...

Read More...

The Medicare D Notification Deadline is Oct. 15 for Employers Providing Prescription Drug Coverage

October 4, 2013

Employers providing healthcare insurance that includes prescription drug benefits are required to notify Medicare-eligible employees by October 15 of each year whether their drug benefit is "creditable coverage," meaning that it is expected to cover, on average, as much as the standard Medicare Part D prescription drug plan.

The Centers for Medicare and Medicaid Services (CMS)...

Read More...

Get a Head Start on Tax Season in Four Simple Steps

September 30, 2013

While the end of the year may seem like it’s a long time from now, it’s only three short months away. When you factor in the hectic weeks of the coming holiday season, that really only leaves a few weeks to pull your tax information together to avoid the stress that being unprepared for tax season can bring.

Now is the time to think about what information you will need for the...

Read More...

Employers Must Provide Notification of Health Insurance Options to Employees by October 1, 2013

September 13, 2013

The opening of the government’s Health Insurance Marketplace (HIM) on October 1 is fast approaching and with it comes a new requirement to Section 18B of the Fair Labor Standards Act that all businesses should be aware of. By October 1, 2013 employers must provide written notices about health insurance options, including notification of the new health insurance marketplace, to their...

Read More...

College Tuition and Taxation 101

September 4, 2013

The beginning of September is synonymous with the back-to-school season. If you have a child attending college, or if you are a student yourself, September is also likely to be synonymous with the beginning of annual tuition payments. While attending and paying for college may be taxing in many ways, there is some good news when it comes to tax deductions and credits related to college...

Read More...

Employee Theft: 4 Tips for Protecting Your Business

August 16, 2013

Given the tough economy over the past few years, it has been particularly difficult for business owners and the individuals they employee to thrive financially. Couple the poor economic climate with the fact that many businesses, especially small ones, have few controls in place to prevent employee theft and you get statistics like these reported by the National Federation of Independent...

Read More...

Rest Easy: Know the Tax Implications of Renting Your Vacation Home

July 31, 2013

If you’re lucky enough to own a vacation home, or are thinking about investing in one, you should be aware of the tax implications associated with this type of property, particularly if you are planning to rent it at least some of the time. It is also important to note that the IRS definition of a vacation property encompasses not only houses, cottages, and condominiums, but also mobile...

Read More...

Mid-Year Tax Planning Can Save You Time—and Money

July 16, 2013

As hard as it is to believe, the year is already half over. Although it may seem like the April tax deadline was just a few weeks ago, the reality is it’s time to start thinking about your 2013 taxes. And, if you spend some time now on mid-year tax planning, it can really pay off next April—which is only nine short months away. In addition, taking stock of where your business is halfway...

Read More...

Obama Administration Announces Delay to Part of Affordable Care Act

July 4, 2013

On Tuesday, July 2, the Obama administration announced that it is delaying the requirement that businesses with more than 50 employees provide health insurance to their workers or pay a penalty. The delay extends to 2015. The announcement by the IRS comes after numerous complaints from businesses that the requirements were too complicated and difficult to implement in time.

Still...

Read More...

What Does the Affordable Care Act (Obamacare) Mean to Businesses?

June 27, 2013

One of the key mandates of the Affordable Care Act (ACA), or “Obamacare” as the law is commonly known, is the creation of health insurance exchanges in each state. The intention of these exchanges is to give individuals and small businesses a means for buying affordable health insurance. With the October 1st launch date for the new health care exchanges fast approaching, business owners...

Read More...

What’s The Real Secret to Success? A "Giver" Instinct

June 18, 2013

For years, aggressive, "do-what it takes" attitudes have been attributed to achieving professional success. Having at least a little bit of the "killer" instinct is what differentiates the winners in business, right? Perhaps in some cases, but according to research conducted by Wharton Business School professor, Adam Grant, the opposite is true. Success—both personal and professional—is...

Read More...

Low- or NO-cost Marketing for Small Businesses

May 30, 2013

We’ve said it before, and we’ll say it again… marketing is a key component of any successful business. So, we want to provide you with as much helpful information as we can in this area. We know marketing isn’t an easy task. It takes time and money. Of course, we understand that you have to keep a focus on the bottom line, which is why we are offering a few marketing tips for those of...

Read More...

Do a Little ‘Outdoor’ Marketing This Summer

May 17, 2013

Whether your business sells seasonal products or provides services throughout the year, summer is a HOT season for marketing. The warmer weather offers some flexibility with marketing events and campaigns, and that means you can be creative. Most people like to get out during the summer months, so the potential to attract prospects and clients to your marketing events is higher. The following...

Read More...

Harness the Power of the Mobile Office— Enjoy the Freedom of Being Wire-free

April 30, 2013

Technology is a wonderful thing. We know it in our firm because we use advanced technology to our advantage—that is, working anytime and from any device, having 24/7 access to files, and the ability to work from home, a client’s site, or the airport! And now that just about any gadget you can imagine is portable and affordable, your small business doesn’t have to be confined to your...

Read More...

A Not-So-Ordinary Tax Season is History

April 17, 2013

This was more than your typical tax season. With a plethora of changes to the tax code and a late start brought about by 11th hour congressional decisions, it was an even more harried and intense process than usual. We appreciate the good working relationships with our clients that helped us keep moving to meet the April 15 deadline—thank you!

With tax season just now moving into...

Read More...

E-Filing – A Reminder WHY It’s the Way to Go!

March 29, 2013

Hopefully, you are part of the more than 80% of taxpayers that take advantage of e-filing. If you’re not, we want to remind you WHY you should. Take a moment to read our short (but very convincing) list. The April 15th tax deadline is just around the corner, so we wanted to dedicate one last post to remind you of the value of e-filing your return.

  1. Safe &...

Read More...

4 Quick Tips to Ready Yourself for April 15

March 18, 2013

The tax deadline always seems to sneak up on taxpayers. Don’t fall into this trap and cause yourself added stress. If you’ve yet to pull things together…start preparing now. The following are four easy tips to be sure that you are ready for the April 15 tax deadline:

  • Locate Last Year’s Tax Return—Previous years’ returns serve as an excellent...

Read More...

Spring is Just Around the Corner… and so is April 15th

February 28, 2013

As we look forward to the end of winter and the launch of spring, that also means the April 15th tax deadline is that much closer. Being prepared is the best way to ensure a smooth tax season and minimize any surprises. So, if you’ve yet to dig in and give some dedicated focus to your taxes, here are a few suggestions to get you going:

  • Begin Gathering Source...

Read More...

E-Filing is the Way to Go – 4 Top Reasons

February 19, 2013

More than 80% of taxpayers file electronically…and for good reason. Or rather, good reasons (plural)—four to be exact. E-filing offers an efficient and highly secure method for filing your tax return. And if that’s not reason enough, take a moment to read through our Top 4:

  1. Accurate & Complete—E-filing is the best way to ensure that you file...

Read More...

Electronic Filing Starts January 30th

January 31, 2013

As of January 30, 2013, the IRS will begin processing individual income tax returns for the majority of United States taxpayers. Be sure to get your tax documents organized now. You can use our Client Center on our website to securely upload your documents to our office.

A few items to note as we move into February:

  • E-file and direct deposit are the fastest ways to...

Read More...

New Tax Bill… What it Means to You

January 4, 2013

With the passing of the new ‘Fiscal Cliff” Act, taxpayers need to be aware of how it may affect them in the coming years. As such, we’ve compiled detailed information for you within this blog post.

At a high level, the act...

Read More...

Tips on S Corporation Compensation

December 27, 2012

The IRS continues to challenge S Corporation shareholders regarding proper methods for paying themselves. That said, it’s critical that your S Corporation structure is set up appropriately and that compensation is paid and reported correctly. For example, in a recent court appeal case, an attorney was slapped with penalties and interest after failing to remit payroll taxes for his...

Read More...

Tis the “Season of Giving”… Holiday Tax Tips for You

December 18, 2012

It’s year end already, and with it comes the race to get ready for tax season. Traditionally, December marks a time for giving generously to charities, family, and friends. It’s also a time that can have a major impact on your upcoming tax return. But fear not, we’ve compiled a few helpful “Season of Giving” tips for you (courtesy of the IRS), covering everything from charity...

Read More...

After-election Tax Implications... What to Expect in 2013

November 22, 2012

With the election behind us, we now have a much clearer picture of how taxes will be affected in 2013 and beyond. With this insight, we can better help our clients create strategic, fiscally responsible tax programs for the coming year.

Under the Obama administration, the objective is to maintain the old tax rates for taxpayers with adjusted gross income below $250,000. (The old tax...

Read More...

Changes to Your Client Portal…What You Need to Know

October 26, 2012

You may have already noticed some changes to your personal portal. To ensure that you are able to continue to easily navigate within your portal, we’ve compiled the following list that explains recent core enhancements.

What you will see when you log in:

  • A more streamlined look and feel offers more direct access to your documents and other frequently used home...

Read More...

Key Tips for Using Social Media Effectively in Your Small Business

October 16, 2012

First and foremost, it’s important to understand that social media is not one size fits all. Every small business is different and will have different social media needs. For example, some may be looking to acquire new clients while others may want to use social media channels to strengthen customer relationships or educate their audience.

No matter the reason, social media is a...

Read More...

Jumpstarting Innovation in Your Business

October 1, 2012

To ensure success, it’s important to consistently evaluate your business and identify possible areas for enhancement. Of course, because you are an integral part of daily operations, it’s sometimes hard to visualize what enhancements may be needed or to come up with that next BIG idea.

With this in mind, we want to provide you with a few tips to help jumpstart innovation in...

Read More...

Real Time Collaboration… Paperless… What’s Not to Love?

September 17, 2012

With year end fast approaching, it’s a good time to slip in another push for portals. We understand the immense value online access offers, and we just want to be sure that you do too. First and foremost, portals support immediate, real-time exchange of data and documents, which translates into ultimate convenience for our clients. Your information is always at your fingertips, 24/7…when...

Read More...

The End of Summer Means Year End is that Much Closer...

September 1, 2012

Summer is coming to a close, and the end of summer is a good time to start thinking about getting your tax information together. Before you know it, year end will be here, which can leave you scrambling to get organized. Starting a little early will help ensure that you are prepared—avoiding the all-too-familiar last minute cram session that can cause disruption and stress in your personal...

Read More...

How Might ObamaCare Affect Your 2013 Year Taxes?

August 17, 2012

The effects of the new healthcare law are different for individuals and business. We’ve compiled the following information for you and provided a succinct explanation of specific changes. This list is certainly not all-inclusive, so please contact our firm for more detail and to inquire how ObamaCare might affect your 2013 year taxes.

For...

Read More...

Why Portals Make Sense For Clients

August 2, 2012

Portals are everywhere. When you access your financial portfolio or bank account, you are using portals. Online access to information is critical these days, allowing instant access to data and documents when you need them—the ultimate in convenience.

At our firm, we also want to provide our clients with the convenience of web-based access, which is why we offer our advanced and...

Read More...

Running Your Own Business - Building Integrity, Ensuring Quality and Customer Trust

July 16, 2012

To achieve your dream, you must build integrity into your product, your processes, your customer relations, and everything about your business. Everything from the quality of your products, to how you treat your employees, to how you treat your customers has to be first class.

Steps to building...

Read More...

NEW 401(k) Regulations

May 25, 2012

What You Need to Know About the New 401(k) Regulations


April 3rd, 2012


Employers that sponsor 401(k) plans will soon have new responsibilities, and liabilities, thanks to changes in the Employee Retirement Income Security Act of 1974 (ERISA.) These plan sponsors are now under more strict requirements to disclose fees and compensation paid for these group retirement...

Read More...

Valuing Your Business for Higher Profits or Selling

May 2, 2012

Valuing your business on a regular basis can give you the information required to increase profits for the short and long term. This concept is discussed in the book "Six Steps to Small Business Success" by R. Sean Manning. Small businesses are typically valued according to three main methods by banks, brokers and buyers.

1. Gross Sales Method This method is used mostly in the service...

Read More...

Beware of the "Hidden Sales Taxes" on social media coupons like Groupon

April 16, 2012

Most people don’t understand the possible tax implications of some of the coupons they purchase on social media websites like Groupon. In this example you might pay $50.00 for a coupon worth $100.00. Most State and City government (“Agencies”) are requiring that sales tax be charged on the full $100.00 value of the coupon when it is redeemed. The fact is many Agencies disagree with...

Read More...

Choosing The Right Business "Partner"

March 27, 2012

From the book "Six Steps to Small Business Success"


Many of the most profitable small businesses have more than one owner. This allows each owner to excel in an area that they like and are very good at (sales, marketing, operations, finance).

The following are a few pointers on how to have a profitable partnership from the book "Six Steps to Small Business...

Read More...

WELCOME to Denver Payton Manning!

March 24, 2012

Manning & Company would like to be one of first to welcome Payton Manning to the Denver Broncos.

Go

Read More...

Enjoy Great Wine while Supporting Community, Education and Opportunity

March 8, 2012

Part of our goal as a company is to support local organizations that help children and schools that teach the children of our future. These organizations and schools prepare children to be valuable assets to the community, great employees and future business owners.

Please join me this week and next week in supporting a local school, The STEM Academy. STEM stands for Science,...

Read More...

Six Steps To Small Business Success

December 20, 2011

Unfortunately at this time, the economic condition for small business in most of the United States is uncertain. Sales have not been restored, over head is rising and margins are decreasing.

The following are a few concepts discussed in the book "Six Steps to Small Business Success". This “out of the box” thinking will give small businesses options to increase...

Read More...

NEW BOOK - Co-Authored by R Sean Manning!!!

November 10, 2011

Hi Friends! The book I co Authored with 4 other CPA's is now available online!
The title is; Six Steps to Small Business Success
You can find the book on www.6stepstobusiness.com
Use the Amazon or IUniverse links to order the books.
Also if you LIKE the book on our Facebook...



Read More...

TAX PLANNING – SO MUCH MORE THAN JUST PLANNING TO PAY YOUR TAXES.

September 21, 2011

When I talk to prospective clients one of the first questions I ask is: What have you done in the past for TAX PLANNING?

The response usually is that they plan to pay their taxes on time.

The unfortunate truth is, most small businesses have never actually done tax planning, and are unaware of the importance and benefits that come from having a proactive tax...

Read More...

Summer Travel Should Be The Adventure...Your Taxes Should Not

August 17, 2011

The summer is starting to wind down and kids are headed back to school…so why is it a great time to call your accountant? To discuss if those family trips you took this summer really are tax deductible.

As with anything, planning ahead for your vacation deductions is always the easiest way to ensure the most savings. But, if you did not plan ahead, your...

Read More...

16 Rules that Apply to Every Business

July 18, 2011

16 Rules that Apply to Every Business
Bob Parsons, founder of GoDaddy.com, recently sold his company for 2.25 billion. His success has been the result of trial and error and a lot of persistence. Passing on a bit of Parsons’ knowledge, we’ve provided his self-written 16 Rules for Entrepreneurs—the result of years of hard work building his business. No matter the size...

Read More...

UPDATE: Colorado Unemploymnet Benefits

June 22, 2011

Colorado Unemployment Benefits
How is the extension in unemployment benefits affecting your business?

A federal law originally was passed in 2008, and was extended through the end of 2011, that allows an unemployment benefit recipient to receive unemployment benefits for up to 99 weeks. Previously, recipients were eligible to receive unemployment...

Read More...

Manning & Company named 2011 Accounting Firm of the Year

May 18, 2011

2011 Accounting Firm of the Year

On May 11, 2011, I was very proud to hear and be presented with a very exciting award. Manning & Company PC was announced as the ”2011 Accounting Firm of the Year” by the Professional Association of Small Business Accountants, “PASBA”.

PASBA is a national organization of over 180 accounting firms that...

Read More...

Planning for 2011

April 19, 2011

Yes, we are excited and relieved to have completed another tax season!

Although this week will provide a good opportunity to catch our breath and relax a little, we are also looking forward to the next few months when we will review our goals for this year and focus much of our attention toward working on and completing our goals.

Our goals are...

Read More...

Its Tax Time...Are You Ready?

April 14, 2011

Be Careful This Year
Although the 2010 due date has been extended to the April 18th for Personal Federal Tax Returns, most other Federal Tax Forms and Payment along with 2010 State Tax Returns may still be due on April 15th 2011.

Avoid Tax Return Anxiety
If you are feeling pressure to accurately prepare and complete your tax...

Read More...

Tax Time - Planning is the Key

April 7, 2011

Tax Season – Things to consider with the filing deadline only a few days away.

Special Note: Although 2010 Personal Federal Tax Returns and Payments are Due April 18th of 2011 most all other Federal and State Tax Returns and Payments are Due April 15th of 2011.

Tax time is a busy time for most accountants, however when tax...

Read More...

Shhhh...sneak peek, last one!

March 29, 2011

Shhhh…it’s a sneak peek!
Six Steps to Small Business Success: Start, Manage and Exit Your Business

The unique thing about the six sections of this book is that you can start anywhere in the book depending on where you are in the life of your business. First, we covered the Pre-Business Planning and Start Up phases of a business. Last week, we...

Read More...

Shhhh...sneak peek #2!

March 24, 2011

Shhhh…it’s a sneak peek! Six Steps to Small Business Success: Start, Manage and Exit Your Business

The unique thing about the six sections of this book is that you can start anywhere in the book depending on where you are in the life of your business. Last week, we addressed the Pre-Business Planning and Start Up phases of a business. This week, take a...

Read More...

Shhhh...it's a sneak peek!

March 16, 2011

Six Steps to Small Business Success: Start, Manage and Exit Your Business

The book is divided into six main sections:

  1. Pre-Business Planning: planning for the life cycle of small business
  2. Start-Up: Finances, Budgets, and Numbers: what you and your banker need
  3. Human Resources: The People Factor: managing...

Read More...

So Why Listen to Us?

March 11, 2011

How 5 successful CPAs came to team up and write the award-winning book,
Six Steps to Small Business Success: Start, Manage and Exit Your Business

This book is written by five CPAs with the combined experience of 100+ years in operating our own businesses and assisting thousands of other business owners in starting, managing, owning, buying, and...

Read More...

And the winner is...

March 1, 2011

The Academy Awards might signal the end of awards season in Hollywood, but our awards season is just getting started!

Manning & Company’s own Sean Manning is co-Author of the now Award-Winning book, 6 Steps to Small Business Success

Manning & Company is proud to announce that 6 Steps to Small Business Success has won the...

Read More...

Selecting an Accountant - 5 Keys and 1 bonus Key

February 23, 2011

Is it time to consider switching accountants? (It’s easier than you think!)

Summary of all the Keys!

The 5 Keys to Selecting the Right Accountant to Ensure Success for Your Business

The right accountant doesn’t just file your taxes. The right accountant can save you money and help you expand your...

Read More...

Selecting the Right Accountant - Bonus Key #6

February 8, 2011

Is it time to consider switching accountants? (It’s easier than you think!)

The 5 KEYS to Selecting the Right Accountant to Ensure Success for Your Business.

The right accountant doesn’t just file your taxes. The right accountant can save you money and help you expand your business. Finding an accountant that can also serve as a...

Read More...

Selecting the Right Accountant - Key #5

February 1, 2011

Is it time to consider switching accountants? (It’s easier than you think!)

The 5 KEYS to Selecting the Right Accountant to Ensure Success for Your Business.

The right accountant doesn’t just file your taxes. The right accountant can save you money and help you expand your business. Finding an accountant that can also serve as a trusted...

Read More...

Selecting the Right Accountant - Key #4

January 26, 2011

Is it time to consider switching accountants? (It’s easier than you think!)

The 5 KEYS to Selecting the Right Accountant to Ensure Success for Your Business

The right accountant doesn’t just file your taxes. The right accountant can save you money and help you expand your business. Finding an accountant that can also serve as a...

Read More...

Selecting the Right Accountant - Key #3

January 19, 2011

Is it time to consider switching accountants? (It’s easier than you think!)

The 5 KEYS to Selecting the Right Accountant to Ensure Success for Your Business

The right accountant doesn’t just file your taxes. The right accountant can save you money and help you expand your business. Finding an accountant that can also serve as a...

Read More...

Selecting the Right Accountant - Key #2

January 11, 2011

Is it time to consider switching accountants? (It’s easier than you think!)

The 5 KEYS to Selecting the Right Accountant to Ensure Success for Your Business

The right accountant doesn’t just file your taxes. The right accountant can save you money and help you expand your business. Finding an accountant that can also serve as a...

Read More...

Selecting the Right Accountant - Key #1

January 4, 2011

It’s a new year, is it time to consider switching accountants?
(It’s easier than you think!)

The 5 Keys to Selecting the Right Accountant to Ensure Success for Your Business

The right accountant doesn’t just file your taxes. The right accountant can save you money and help you expand your business. Finding an accountant...

Read More...

Compare Accounting Professionals

December 21, 2010

What is the difference between a Bookkeeper, Accountant, Enrolled Agent (“EA”) and Certified Public Accountant (“CPA”)?

It is a very important question and depending on your needs you will need to have a clear understanding on the differences so you can make the right decision on who will best serve you and or your business.

A...

Read More...

Client Center

- Individual Clients
- Business Clients
- Client Employee

 




- Forgot Password?

Using your Client Organizer
How to review my 1040

Memberships

303.761.9119 phone • 303.738.5875 fax