The Sale of Business or Investment Property: Several Ways to Defer the Tax on Gains
When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many…
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 do them well. However, if you do business in a…
Investors, Your Board, and You: Who Controls Strategy?
You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work. Business plans rarely…
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 future. It’s a vital financial tool that can help to understand…
4 Ways the Wayfair Tax Affects Retailers
When the Supreme Court decided in June 2018 that states could now require online retailers and other remote sellers to collect sales tax from customers, even if the retailer didn’t have a presence in that…
3 Tips for Paying Off Multiple Debts
It’s not uncommon to have multiple debts. Most people have a mortgage and a car loan, along with credit cards, student loans, and personal loans. Having many forms of debt can make it a little…
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 by the IRS. An Important Requirement Subject to various rules and…
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. Some of these issues might include lost receipts, not getting paid…
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 from requiring that online and other remote sellers collect sales tax…
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 aware of many of these changes, you may not realize the…
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