by | Nov 1, 2017 | Accounting & Bookkeeping, Books, Cost Cutting, Small Business Owners, Tax Tip of The Week
The fair market value of property or services received in barter is taxable. But, it may not result in an increase in taxable income based on how what you received is used. As an example, we trade accounting and tax services with an office supply company. We must...
by | Sep 12, 2017 | Books, Business Profit & Cash Flow Tips, Business Success Series, Sales & Marketing, Small Business Owners, Small Business Success Series, Web/Tech, Weblogs
One of the main differences between a business owner who has created for themselves a “job” and an entrepreneur who has created a “business” often can be traced to one thing – the entrepreneur never stops learning! Most start-up business owners don't know what...
by | Jul 10, 2017 | Accounting & Bookkeeping, Books, Income Taxes, QuickBooks, Small Business Owners, Tax Tip of The Week
As a small business owner or an entrepreneur you should be talking to your accountant at least once or twice a year, and ideally more often, to make sure that you are taking full advantage of any tax deductions or opportunities that you may have. The Small Business...
by | Jun 23, 2017 | Accounting & Bookkeeping, Books, Small Business Owners
If you’ve been thrust into the role of accountant in your business and have been assigned the unpleasant task of performing an audit, there’s no need for stress. Performing a basic accounting audit isn’t as scary as one may seem. Once you’ve determined the area that...
by | Jun 9, 2017 | Accounting & Bookkeeping, Books, Cost Cutting, Other, Small Business Owners
Dealing with a billing error can be frustrating. But giving up too quickly will only cost you money. If you’ve got an erroneous bills to settle, here’s what to do: Write a polite letter. Control your irritation if you want results. Describe the problem and ask for...
by | Apr 14, 2017 | Accounting & Bookkeeping, Books, Business Profit & Cash Flow Tips, Business Success Series, Cash Flow, Cost Cutting, Small Business Owners, Small Business Success Series
For 35+ years I have worked with small business owners and watched them. This has allowed me to learn many things that worked and a whole bunch of things that don’t. This is my 20th year running my own CPA firm and I have to confess I have repeated many of the...
