Our Blog

Ramp up awareness to ‘shop small’ on Small Business Saturday this month

November 12, 2018

Black Friday and Cyber Monday need no introduction, but for small business owners it’s all about Small Business Saturday—an annual holiday shopping tradition that gets communities out in support of their local small businesses. Small Business Saturday falls on November 24 this year, so if you haven’t already…start getting the word out.

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Important Update: 1099 Reporting for 2018

November 1, 2018

The Protecting Americans from Tax Hikes (PATH) Act of 2015 requires Forms 1099-MISC reporting non-employee compensation (NEC) in box 7 to be filed by January 31.

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Bring in extra traffic with some trick-or-treat action

October 15, 2018

Small business owners in many communities offer downtown trick or treat events. Take advantage of this opportunity to build your business reputation. Involvement in local events goes a long way with both existing and prospective customers—indicating a vested interest in your community. Find creative ways to make your business stand out this trick-or-treat season. We hope the following suggestions will spark fun promotional ideas:

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Recognizing Women-Owned Small Businesses Everywhere!

October 1, 2018

October marks Women’s Small Business Month, and we are happy and proud to recognize women in business both locally and around the world. Successful business women of the past and present continue to forge new paths for female entrepreneurs. We celebrate all those who are breaking the glass ceiling and serving as role models and mentors to women everywhere.

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Take Advantage of the September Slowdown

September 17, 2018

For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.

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Reminder: Q3 Tax Estimate is Due Soon!

September 4, 2018

This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?

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Dinner, Drinks and Deductions

August 21, 2018

According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.

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Back to School on a Budget

August 15, 2018

August is upon us once again. The collective “UGH!” is heard nationwide as families trudge toward the school supplies aisle in preparation for the upcoming academic year. Sadly, the “days-gone-by” supplies such as a box of crayons, spiral-ring notebooks and a pack of #2 pencils have evolved into a much longer list. But never fear, we’ve put together these useful tips to help you do “back to school” on the cheap.

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

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...

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Plan in Advance to Help Aging Parents Manage Their Money

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...

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PFA Staff Volunteer at the Central Illinois Food Bank

July 13, 2015

Only 2 weeks into the Corporate Food Fight Challenge and PFA Tax and Accounting Professionals has already collected over 500 pounds of food! We are so proud of our partners and staff. Giving back to our community is so important!

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Our New Website!

Tom Flynn

PFA is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.

Take a moment to look around our new website and...

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PFA implements Employee Stock Ownership Plan

Tom Flynn

March 4, 2015

The partners of PFA Tax & Accounting Professionals are pleased to announce the creation of an Employee Stock Ownership Plan (ESOP) effective 12/31/14. An employee stock ownership plan (ESOP) is a retirement plan in which the company contributes its stock to the plan for the benefit of the company’s employees.

PFA President Tom Flynn states “we are very excited to offer...

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PFA adds to Staff

Tom Flynn

November 20, 2014

The partners of PFA Tax & Accounting Professionals are pleased to announce that Kathy Klonowski, CPA joined the firm on November 6, 2014. Kathy brings 30 years of certified public accounting experience with her most recent employment being at a CPA firm in Michigan.

Mrs. Klonowski received her Bachelors at the University of Missouri, St. Louis, MO. Shortly after graduation she...

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PFA celebrating 3 year anniversary

Tom Flynn

October 22, 2014

Since its inception 3 years ago, Professional Funeral Alliance began with the concept of bringing full service accounting with cloud based technology to all its clients. Using the most technologically advanced software allows PFA to provide cutting-edge products and services and accelerate the timeliness of reporting and filing. This driving force is what allows PFA to be a nationwide...

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