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...
by | Feb 20, 2017 | Current Affairs, Income Taxes, Other, Personal financial planning
President Trump signed an executive order on the day he was sworn in directing the Secretary of Health and Human Services and the heads of all other executive departments to use the authority and discretion they have under the law to waive, defer, or grant exemptions...
by | Jan 30, 2017 | Accounting & Bookkeeping, Income Taxes, Small Business Owners
Question: Can I deduct an invoice that my customer refuses to pay? Answer: Like many tax questions, the answer is maybe. It all depends on when your company records income. A company can choose between recording the sale at the date of the invoice (on the accrual...
by | Jan 25, 2017 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Client Question of the Week, Cost Cutting, Income Taxes, Small Business Owners
After all this time it still amazes me that business owners don’t understand the importance of having good records. As often as I have run into it over the last 30+ years, it shouldn’t anymore. They usually hire a bookkeeper and a CPA to do their taxes and then forget...
by | Dec 13, 2016 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Income Taxes, Small Business Owners
If you’re like many entrepreneurs and small business owners you probably try to manage most tasks yourself. Sure, maybe you outsource the big jobs like copywriting or graphic design, but you handle all of the “management” tasks. In many cases, that’s just fine....
