Outsourcing accounting could become a vital asset to your small or mid-size company as the COVID-19 Pandemic continues to influence business and economic life. The global economic impact of coronavirus has forced businesses to make new and difficult choices in order to survive. To fight......
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In our previous physician-oriented blog, we brought our physicians and medical professionals the news that four areas of Medical Talent could sometimes transform into four areas of weakness when it comes to your Money Talent. Medical Talents Vs. Money Talents: Backstory Review from Part I......
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Money talent and medical talent do not always mean the same thing. A doctor can be an absolutely brilliant cardiac surgeon and yet be the most financially unsuccessful person in the neighborhood. Our Accounting Executives Do Not Judge You On Money Talent At Gavrilov &......
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Coronavirus and the IRA: Right now, the coronavirus or Covid-19 is the elephant in the room. No matter what aspect of tax, accounting or financial life we discuss, the coronavirus makes an enormous impact on family budgets. Last Wednesday, the IRS reminded taxpayers that the......
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Tax Deductions for physicians was recently our topic in the July 23rd blog. As you might have guessed, the topic proved to be a little large for just one blog. So, we promised you a Part 2 on this topic, and this is it. First......
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Doctors’ Tax Planning means understand your tax deductions and strategies. Doctors don’t always like it when we ask them to think like entrepreneurs. However, most of today’s successful doctors also must learn to think success as business people. We meet a lot of inspired and......
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Tax refunds will soon be on their way. You filed. The deadline is passed and immediately, you want to know when you’ll get a refund. Unfortunately we keep hearing rumors that you can find clandestine methods of discovering this information, other than on the IRS......
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IRS Audit 2020 causes one of the most common phobias among today’s physicians. With all there is to fear in today’s world, Gavrilov & Co would like to cure this phobia for doctors, dentists, Physician’s Assistants, and other medical professionals. There are very few authorities......
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Tax Extension is possible, but it might not mean what you think. With July 15th being the deadline, some taxpayers might still have the wrong idea about the meaning of a tax extension. So our question of the week at Gavrilov & Co is “Do......
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Cash Based Vs. Accrual Based Accounting–Which is best for your business? That’s our question of the week. Cash-Based and Accrual-Based Accounting are the two major divisions of accounting methods. Businesses utilize one of these two types of accounting methods to record and report financial transactions.......
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Medical professionals like doctors, physician’s assistants, nurses, dentists, chiropractors and technicians: Attention! This blog is especially for you. In fact, we think you will profit from our entire upcoming series of blogs which highlight our skills as medical tax accountants. Gavrilov & Co is dedicated......
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“Happy July 4, 2020!” We hope you have your Independence Day plans ready within your COVID-19 bubble of family and friends. Sometimes, we have so much fun with picnics, parties and celebrations that we forget what the terms “Independence Day” and “freedom” really mean. Tribute......
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What is Auditing? Financial auditing is simply re-examining the financial record of your organization or individual financial records to detect any discrepancies and compliance with standard accounting practice, applicable regulations and laws. External auditors come in to examine the accounting books, financial records and provide......
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Year-end Tax Planning now races day by day and hour by hour. As December begins, year-end Tax Planning faces reality: there is only one month left in the year for tax planning. But fear not, Gavrilov & Co can still bring you some year-end last-minute......
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Gratitude is at the heart of the Thanksgiving Season. There is no better time than the Thanksgiving Holiday to express our appreciation to friends, family, and clients. So, we begin this holiday at Gavrilov & Co with a Thanksgiving salute of gratitude. Gratitude and Thanksgiving......
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