Looking for a VAT Tool? Here’s What You Need to Know

As your business grows, it may be difficult to keep track of taxes and fiscal requirements. It may cost you a lot if you...

Don’t Forget These 4 Essentials for Efficient Cash Flow Forecasting

A businesses cash flow forecast can help businesses to predict the profitability of the business to help pay for outgoings and plan for the...

Business Deductions for Meal, Vehicle, and Travel Expenses: Document, Document, Document!

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied...

Understanding What a Bookkeeper Does

If you own or manage a small business, you may worry so much about certain financial issues that you have trouble sleeping at night....

A Guide to the Wayfair Tax

In June 2018, the U.S. Supreme Court ruled on a case that will affect many online retailers across the nation. Previously, states were prevented...

What the New Tax Law Could Mean for Your Earnings

Signed into law last December (2017), the new Tax Cuts and Jobs Act made wholesale changes to the tax code. While you may be...

Taxation of Corporations: C Corporation and S Corporation

There are generally two ways corporations may be taxed under the federal rules. By default, a corporation is taxed under Subchapter C of the...

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...

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...

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...

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