by | Jul 18, 2016 | Accounting & Bookkeeping, Personal financial planning
The vast majority of people only see their accountant once a year, and that is typically between New Years and April when they are turning in their tax documentation for filing. While preparing and filing your taxes is an important part of what your accountant does,...
by | Jul 13, 2016 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Business Success Series, Cost Cutting, Small Business Owners, Small Business Success Series
Offering credit terms increases sales, but this inevitably leads to some clients who don’t pay their bill. This is especially true in this economy. Be sure to write off any bad business debts you can’t recover. To qualify for any deduction, the business...
by | Jul 12, 2016 | Accounting & Bookkeeping, Income Taxes, Personal financial planning, Tax Tip of The Week
It is never too early to start organizing for tax time. If you have a desk, box or simply a folder full of receipts and tax forms, you can develop easy organizational practices or habits to make your life easier and to help your accountant when you actually go to...
by | Jul 11, 2016 | Accounting & Bookkeeping, Income Taxes, Tax Tip of The Week
If you have any expenses for businesses not covered by your employer, you may be able to file the IRS Form 2106 that allows you to make these deductions on your taxes. It is important to remember that this form is only used if you are an employee, not if you are a...
by | Jul 5, 2016 | Accounting & Bookkeeping, Small Business Owners
As a small business owner and entrepreneur, having the correct information to set up your business and to capitalize on accounting tips and strategies is often an overlooked part of the process. People may naturally be more excited about actually starting to build a...
by | Jul 4, 2016 | Accounting & Bookkeeping, Income Taxes, Personal financial planning, Small Business Owners, Surviving an IRS Audit Series
No one likes to get a letter from the IRS stating that you are being audited. The good news is that there are less than 1% of all people that file income taxes making less than $200,000 that will ever get one of these letters on any given tax year. However, if you...
