Your Small-Business Solution
Accounting expertise and proactive guidance to help you make the most of your business
Serving clients while minimizing risk
Akopyan & Co. is continuing to serve our clients during this uncertain time. However, please note that all appointments are now being conducted via phone or online tools.
ACCOUNTING & BOOKKEEPING
We handle your books so you can focus on running your business. With our timely financial reports, you’ll always know where things stand.
STRATEGY & SUPPORT
Get strategic with our Business Owners Package: It’s like having a part-time chief financial officer dedicated to helping you grow.
From direct deposit to W-2s, we take away your payroll headaches—and give you and your employees convenient electronic access.
BUSINESS OWNERS TAX RETURNS
Your business impacts your personal taxes, too. We eliminate surprises and ensure your returns are aligned to minimize your tax liability.
Ready to find out more?
What challenges do you face?
I wonder if I’m getting everything right with my company’s books.
Your time should be spent managing your business instead of spending hours fighting with the numbers. We’ll give you those hours back. Learn more.
I feel like I don’t really understand the financial side of my business.
Our Business Owners Package gives you the complete picture—so you know exactly where your business is today, and where it’s going tomorrow. How it works.
I’m always frustrated with payroll. I need a better way.
With our convenient cloud-based portal, all you need to do is enter your employees’ hours. We’ll take it from there—and take away your worries. Learn more.
From Our Blog
Forms W-2 and 1099-NEC: Deadlines, Extensions, and Penalties
Businesses that hire employees and non-employee contract workers must give them end-of-year tax information, with W-2 forms going to employees and 1099-NEC forms to non-employees. This information also must be filed with the appropriate federal agencies. This article gives you information on the deadlines for these forms, what to do if you need an extension,…
What Is IRS Form 1096?
IRS Form 1096 is a summary and transmittal tax form that gives the IRS information on the Forms 1097, 1098, 1099, 3921, 3922, 5498, or W-2G your company sent out to other recipients. Your business needs to use it only when you submit those forms to the IRS in a paper format. When and How…
Inheritances Enjoy a Special Tax Benefit
Article Highlights: Stepped-Up Basis Inherited Basis Inheritance Basis Example Step Down Basis Long-Term Capital Gains Tax Rates Jointly Owned Property Gifting Prior to Death You may hear people use the term “Stepped-Up Basis” that many believe is a tax provision that allows beneficiaries of an inheritance to reduce or even avoid taxes when and if…
Student Loan Debt: Paying and Avoiding It, Plus Tax Benefits
Article Highlights: Tax Advantaged Repayment of Student Loans Employer Provided Educational Assistance Qualified Tuition Programs The Deductibility of Student Loan Interest Student Loans Forgiven in 2021 through 2025 Avoiding Student Loan Debt Section 529 Plans Coverdell Education Savings Account Education Tax Credits The American Opportunity Credit The Lifetime Learning Credit Despite recent rounds of forgiveness…
Tax Benefits for Child Daycare Providers and Users
Article Highlights: Daycare Providers Simplified Food Deduction Special Rules for Business Use of the Provider’s Home Home Sale Consequences Other Expenses Other Daycare Provider Issues Daycare User Credit Employer Dependent Care Benefits Other Credit Criteria Special tax benefits are available for those providing daycare services for children and the parents who pay for those services.…
Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
Article Highlights: 1099-NEC Filing Requirements Independent Contractor Filing Threshold Form W-9 Form 1099-MISC If you use independent contractors to perform services for your business, for each one that you pay $600 or more for the year, you are required to issue the worker and the IRS a Form 1099-NEC no later than January 31, 2022,…