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As a business owner you have more to worry about than bookkeeping, financials, forecasting and payroll. You started your business to do what you love, let us take care of the numbers.  Doerhoff & Associates has one goal in mind, to provide a comprehensive approach to business accounting services.

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Our Blog

2023 taxes businesses partnership s corp tax return law form

New Form K-2 and K-3 for Partnership and S Corp Tax Return

By IRS News

  All owners and those in charge of filing partnership and s corporation tax returns:   The issue: In an effort to catch unreported foreign income, starting with the 2022 income tax return the IRS is requiring all businesses to fill out an additional 15 page form K-2 and K-3 as part of the business tax return reporting foreign income information. The only way to avoid filling out the additional information is to send all owners of the business entity…

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Business woman preparing to file taxes going over accounts

2022 Year-End Tax Planning Advice

By Accounting Advice

Everything we do is focused on the core belief that we succeed in life by helping others succeed. This letter is one complimentary piece of our intense planning and research effort throughout the year to help in your success. Feel free to share it with anyone you know who could benefit. Update on the latest at IRS The latest bill out of congress gives IRS $80 billion in new funding and the authorization to hire 80,000 more employees. When you…

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Increase value of your small business money concept

How to Increase the Value of Your Small Business 

By Small Business Advice

Every small business owner has many things to plan and many functions to manage. It can all be overwhelming. But one critical thing that guides many of the priorities is focusing on ways to increase the value of the business.  What is Business Value?  The value of a business is defined as the total value of its tangible and intangible elements. The tangibles include real estate, buildings, equipment, inventory, monetary assets, and stockholder equity. The intangibles include the strength of the brand, trademarks, goodwill, and public benefits.  …

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Small business owner packing products profit small business's finances

10 Things to Know About Your Small Business’s Finances 

By Small Business Advice

Thousands of people start new businesses every year in the U.S. in pursuit of their entrepreneurial dreams. According to the latest census, there are 32.5 million small businesses, defined by the Small Business Administration as those that have fewer than 500 employees. But running a small business isn’t a “cakewalk.” There are many functions to manage, risks to deal with, time commitments, and mastering your small business’s finances.  What a Small Business Owner Needs to Do  To succeed, a small business owner…

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Small business team analyzing financial trends business meeting

9 Financial Trends Your Small Business Needs to Know 

By Small Business Advice

Small businesses are critical to the U.S. economy with more than 32 million small businesses in operation according to the SBA Office of Advocacy. And U.S. small businesses employ almost half of the workforce. The COVID-19 pandemic affected all businesses and today they continue to face many challenges. Thus, it is important for small business owners to understand financial trends to create a solid path to continuing success.  Why It is Important to Understand Financial Trends   To use an analogy from the…

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Selling your small business packing office supplies in boxes

9 Things to Know Before Selling Your Small Business

By Small Business Advice

Selling your small business isn’t likely to be the first thing on the mind of an entrepreneur when he/she decides to start a small business. After all, there are dreams of great success ahead. But sooner or later that likely will become a reality. According to smallbiztrends, 8,647 small businesses were sold in the U.S. in 2021, up from the 7,612 sold in 2020.  Why Do Small Business Owners Sell Their Businesses  There are many considerations that may lead to the possibility of selling…

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