by | Oct 18, 2017 | Current Affairs, Income Taxes
Every year I hear this question from people who just missed the tax deadline. I joke that these are the people who believe that deadlines are only recommendations that really don’t apply to them. Unfortunately, that is not how the IRS looks at it! Here...
by | Aug 25, 2017 | Accounting & Bookkeeping, Current Affairs, Income Taxes, Tax Tip of The Week
A couple who used their vehicles in their sole proprietorships found this out the hard way. Their logbooks were riddled with mistakes, questionable entries and other irregularities – so much so that the Tax Court was unable to rely on them. As a result, the...
by | Aug 23, 2017 | Business Profit & Cash Flow Tips, Business Success Series, Current Affairs, Sales & Marketing, Small Business Owners, Small Business Success Series
The Real Reason Small Businesses Fail and Succeed One of the big advantages CPAs have working with small business owners is that we get to learn what makes them profitable and what makes them fail—without losing any of our own funds. Not only that, but we are...
by | May 10, 2017 | Cash Flow, Cost Cutting, Current Affairs, Sales & Marketing
Typically, people think of drug addicts or serious injuries when they hear rehab. We all know rehab is short for rehabilitation and with the current business market businesses need some serious rehabilitation! Days of letting things slide and splurging on...
by | Apr 13, 2017 | Accounting & Bookkeeping, Books, Current Affairs, Income Taxes, Tax Tip of The Week
As the tax deadline nears…our final set of reminders for your 2016 return. Returns are due by Tuesday, April 18 this year. Even though Because April 15 falls on a Saturday, on Easter weekend, Washington, D.C. will observe its Emancipation Day...
by | Apr 3, 2017 | Accounting & Bookkeeping, Cost Cutting, Current Affairs, Income Taxes, Personal financial planning, Small Business Owners
Over the years I have spoken to literally hundreds of business owners who have had problems with their bookkeepers. The lucky ones only had incompetent or lazy bookkeepers who only provided financial statements that were so wrong that they were useless as a management...
