How Cutting SALT Deductions Affects Your Taxes
As part of the new Tax Cuts and Jobs Act, Congress placed a $10,000 limit on deductions for state and local taxes, commonly called SALT. If you typically pay less SALT than that, then no…
Bookkeeping vs. Accounting
If you own or manage a small business, you know the importance of accurate financial records. You also know that your business success often depends on having a clear financial path forward. Bookkeeping and accounting…
6 Stock Sectors to Watch Over the Next Year
When considering your future investments, it’s always worth looking at which sectors are likely to be the most lucrative in the coming months. For those who are considering a move into day trading or want…
What Can a Cloud-Based POS System Do for Your Business?
By definition, a POS (point of sale) is the system from which you conduct sales. Different versions of them exist, all of which have varying features and strengths. But when it comes to improving customer…
Pros and Cons of Moving from Freelancing to a Passive Income Business
A growing number of people are making money off of the gig economy. According to recent figures, around 36% of the workforce is making a living offering various freelancing services. It is easy to see…
Payroll Tax Errors: Who Does the IRS Hold Accountable?
If you are an employer or employee who has fallen behind on payroll taxes and are now facing a hefty bill from the Internal Revenue Service, ignoring it will not make it go away. When…
What is the Relationship Between Fintech, Blockchain, and the “Unbanked”?
There has been a great deal of discussion about fintech and blockchain and how it may be helpful for simplifying payments for clients. Fintech can be useful for bringing fiscally banned individuals worldwide into the…
5 Ways to Tackle Debt in Anticipation of a Large Purchase
Investing money into a large expense, such as opening a business, can seem impossible if you have any sort of debt. Lenders may require your debt to be paid off in order to finance these…
Accountant vs. CPA: The 5 Main Differences
The terms “accountant” and “certified public accountant” or “CPA” are often used interchangeably. But they’re not exactly the same thing. All CPAs are accountants, but not all accountants are CPAs. Here’s a look at the…
Tax Planning for Pass-Through Business Entities After Tax Reform
Tax planning under the TCJA for pass through entities is a post for small business owners everywhere paying US income taxes. Now that the Tax Cuts and Jobs Act (TCJA) is in full swing, many of you…
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