Every business owner’s favorite question is: “How can I make more money now?” There are many ways you can use your wealth of knowledge as a tool to bring in more revenue for your business without using a ton of time and money in the process. Here are 5 quick ways to up your [...]
1099's have proven to be a point of confusion for many clients, so we’ve compiled a list of all the people you need to send a 1099 as a point of reference. Feel free to use this blog as a reference as your prepare to send these out in just a few short months. [...]
Tax checkups are necessary. Just like a beloved vehicle, you need to periodically inspect your tax system to make sure it is operating properly. Knowing that there has been a significant tax reform this year, it is especially important that you are conducting tax checkups. Why is it important? One aspect of your taxes [...]
Outsourced Accounting Many small businesses choose to operate their accounting services on their own rather than hiring an outsourced accountant. What they don’t know is outsourcing these services might be the very thing that pushes their business to the next level. Having an in-house accounting department is not something many businesses can afford to [...]
Cash flow is one of the factors in a business that gets overlooked the most, but it also happens to be one of the most important factors in a business. Cash flow maintenance is more than knowing how much money is being earned and spent, and it does not matter how close your business is [...]
Military service members take many sacrifices and have special obligations in order to serve their country; naturally, their taxes are affected. There are a number of special tax breaks they are entitled to and this post will be to inform our service members of what exactly they entail. Residence or Domicile: Because there are times [...]
The Republican members of Congress just released a proposal for their vision on tax reform. This is an issue we’ve been hearing about since Trump’s campaign, and many of us may be wondering what it means this time around. Some issues have been addressed with more specificity than before, but some issues are still lacking [...]
One of the most exciting adventures in life is starting a new business. It opens a world of opportunity to extend helpful services and make life easier for those around us. However, in the beginning stages of building a business there are several unavoidable expenses but by following these 8 tips on increasing profits you [...]
Regardless of if you're a new business owner or have a lot of experience, keeping track of all the company's expenses is very important. Aside from having bills to pay, you'll also have to make several important payments during tax time. While it's not something anyone looks forward to, paying for business expenses has to [...]
Congress has approved the 21st Century Cures Act, which includes a provision allowing small employers to reimburse their employees for medical expenses under a health reimbursement arrangement without being liable for the draconian, $100 per day penalty for violating the Affordable Care Act’s rules. President Obama has indicated his approval of the bill. Background: Stand-alone [...]