by | Oct 12, 2017 | Accounting & Bookkeeping, Cost Cutting, Income Taxes, Small Business Owners, Surviving an IRS Audit Series, Tax Tip of The Week
Taxpayers must be prepared to substantiate auto deductions with adequate records or sufficient evidence. Failure to do so will cost you thousands of dollars in increased taxes and/or fees to accountants or tax lawyers if you are audited. Taxpayers should be able to...
by | Oct 11, 2017 | Accounting & Bookkeeping, Cash Flow, Cost Cutting, Sales & Marketing, Small Business Owners
I have a hard time stressing the importance of budgeting money each month on marketing. A lot of business owners see it as a wasted expense. It’s really not! I like to use this analogy when it comes to spending money on marketing. It’s like buying a $20 gift...
by | Oct 2, 2017 | Cost Cutting, Personal financial planning
Many people assume that to create wealth you have to find additional sources of income. While another job or winning the lottery is certain to boost your bank account balance, there are simple little things that anyone can do to help increase the amount of money they...
by | Sep 1, 2017 | Cash Flow, Cost Cutting, Other, Personal financial planning, Small Business Owners
When possible, choose federal student loans rather than private loans – Federal loans have flexible repayment terms if your employment dreams don’t go exactly to plan once you graduate, and they generally have better interest rates. Be smarter about your loans...
by | Aug 2, 2017 | Cost Cutting, Other, Small Business Owners
Managing complex projects is difficult enough at the best of times, but a whole new level of complications is added by outsourcing. Problems that commonly derail outsourced projects are not usually caused by the outsourcer’s competence so much as a lack of common...
by | Jul 17, 2017 | Business Profit & Cash Flow Tips, Business Success Series, Cost Cutting, Income Taxes, Small Business Owners, Small Business Success Series, Surviving an IRS Audit Series
IRS regulations require that every business owner track the business use of their auto. But this can be such a hassle that I can count the number of business owners who do so on one hand. Of course, if you are audited, not having a log can cost you in...
