by | Aug 9, 2017 | Income Taxes, Other, Tax Tip of The Week
While going back to school is an investment in your future or the future of your children, it isn't always an easy option when it comes to your finances. The good news is that there are some tax breaks that students attending college or university can claim. These...
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...
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 5, 2017 | Business Profit & Cash Flow Tips, Income Taxes, Small Business Owners, Small Business Success Series
If you hire qualified employees age 16 or 17 for the summer, you may also benefit from a credit equal to 25 percent of the first $3,000 of wages (maximum credit of $750 per qualified worker). Here are the requirements to qualify for the credit: Must perform...
by | May 18, 2017 | Accounting & Bookkeeping, Cash Flow, Income Taxes, Personal financial planning, Small Business Owners
In Financial Accounting – Reporting for those outside the business, the 3 most important financial statements, relevant for budding entrepreneurs are: The Statement of Financial Position or the Balance Sheet The Statement of Income or The Profit & Loss...
by | May 1, 2017 | Income Taxes, Other, Sales & Marketing, Small Business Owners
It is always a good PR (Public Relations) move to host an event where customers and vendors can see your appreciation. With the warmer weather approaching, it is the perfect time to hold an event and invite customers, potential customers, leads, vendors,...
