9 Smartest Ways to Avoid Faulty Loans

Loans are vital for small businesses looking to grow and build their credit history. Yet obtaining an SMB loan isn’t easy, and many applicants...

About Personal Use of Corporate Assets

It is no secret that the IRS looks carefully below the surface for personal use of company assets (including cash) in its corporate income...

How to Take Advantage of the Section 179 Deduction

Small businesses have a friend at the IRS. This friend, known as the Section 179 deduction, allows small businesses, in many cases, to deduct...

Long-Term Debt on a Balance Sheet

What is Long-Term Debt on a Balance Sheet? The Long-Term Debt category appears as a long-term liability on a Balance Sheet. The balance represents the...

5 Ways of Caring for Your POS

No matter how durable your POS hardware is, it is still subject to wear and tear because of long hours of operation every day....

New IRS Filing Deadlines for Partnerships and C Corporations in 2017

The tax-filing deadlines for small business owners have traditionally remained the same for many years. More specifically, March 15 has been a longstanding date...

3 Vital Multi-State Tax Facts for SaaS Companies

Last week, we discussed various multi-state tax issues software companies often overlook. This week we look at another industry that often misses sales and use...

Don’t Make These 4 Common Tax Mistakes

As a business owner, one time of the year that you might not look forward to is tax time. After all, not only do...

When Should I Book Revenues?

It’s the end of one year and the beginning of the next. Small Business owners have some discretion as to when they book revenues...

Should I Use Form 1040, Form 1040A, or Form 1040EZ?

When you file a personal income tax return with the IRS by April 15, you have a choice of 3 basic tax forms to...

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