Posts by Adam mcgee
5 Ways to Invest in Your Future with Hallows Financial
The tax and accounting industry is notorious for looking in the rearview mirror rather than focusing on the future. At Hallows Financial, we think a better approach to accounting is using the past as a tool to make informed decisions for the future. For that reason, we are an advocate for having a financial advisor…
Read More3 Ways Bookkeeping Builds a Solid Accounting Foundation
Bookkeeping…..the word often strikes fear in the hearts of a small business owners who dread this mundane task. However, good bookkeeping is actually the cornerstone of any business’s accounting system. Proper bookkeeping ensures that financial data is accurate, comprehensive, and accessible, providing the foundation upon which all other accounting processes are built. Here are three…
Read More7 Valuable Takeaways from the 2023 Tax Season
With the 2023 tax season in the books (literally), we at Hallows & Company like to review what went well and lessons learned from an interesting tax season. The 2023 season brought with it several significant changes and developments that impacted taxpayers and businesses. Reflecting on this past year reveals important lessons about adapting to…
Read More10 Things to Know about Filing a Tax Extension
Filing a tax extension can provide relief for businesses and individuals who need more time to gather their financial documents or prepare their tax returns accurately. Accountants at Hallows & Company have heard some false information being spread around about what it means to file an extension. Here’s what you need to know about filing…
Read MoreAccounting for Technology: 5 Ways for Personal Interaction in a Digital Age
In the ever-evolving landscape of business and finance, the role of accountants has transformed significantly. The traditional image of an accountant buried in stacks of paper has given way to a dynamic and tech-savvy professional who harnesses the power of the latest technologies. However, amidst this technological revolution, Hallows & Company understands the importance of…
Read More6 Functions of a CFO and Why You Need CFO for Your Small Business
A CFO, or Chief Financial Officer, is a high-ranking executive responsible for managing a company’s financial operations, strategies, and overall financial health. They play a critical role in ensuring the financial stability and growth of a business. Here at Hallows & Company we talk to many clients who could benefit from having a CFO work…
Read More12 Tax Planning Strategies to Discuss with Your Accountant Before Year-End
As the end of the year approaches, it’s essential to engage in tax planning discussions with your accountant to optimize your financial situation and minimize your tax liability. At Hallows & Company we love to meet with as many clients as we can because we understand that effective tax planning can help you take advantage…
Read More15 Ideas for Planning A Successful Financial Future
The financial planners here at Hallows & Company understand achieving financial success requires thoughtful planning, disciplined execution, and the ability to adapt to changing circumstances. Whether you are just starting your financial journey or seeking to improve your existing financial situation, the following steps can help you lay the foundation for financial success: Set Clear…
Read More7 Ways Good Bookkeeping Cures Tax Headaches
Bookkeeping plays a crucial role in the realm of taxation. At Hallows & Company we believe proper bookkeeping practices ensure accurate financial records, which are essential for calculating taxable income, complying with tax laws, and preparing tax returns. It is vital to learn how bookkeeping affects taxes and why it is important for businesses and…
Read MorePayroll Solutions for Small Business and Challenges You Should Understand
At Hallows & Company we understand payroll is a critical function in any business that has employees. However, many small businesses are not fully aware of the challenges that comes with it. We have discovered three major challenges that most businesses generally are not fully aware of when it comes to payroll management. Complex Payroll…
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