Tax and Accounting
Can You Deduct Business Travel When It’s Combined with Vacation?
At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction…
Self-Employed? 5 Easy Ways to Lower Your Tax Bill
If you’re like most small business owners, you’re always looking for ways to lower your taxable income. Here are five ways to do just that. 1. Deducting the Cost of a Home Computer If you…
How to Read a Paycheck—The Easy Way
When entrepreneur and Muppeteer Jim Henson made his first dollar, he framed it and hung it on his office wall. For everyone, whether you’re the company owner or an employee, earning an income is a source of…
A Review of Significant TCJA Provisions Affecting Small Businesses
Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review some of the provisions of the Tax Cuts and Jobs…
A Checklist for Spring Cleaning Your Bookkeeping
Now that tax season is behind you, or you’ve at least filed for an extension, you might consider doing a little spring cleaning of your bookkeeping. Small measures often go a long way toward creating greater…
5 Useful Accounting Tips for Small Businesses
Unless an individual is an accountant or really enjoys working with numbers, then accounting is not a favorite task. Nonetheless, adopting certain good habits in the early stages of your small business can assist in…
Important Tax Dates and Deadlines to Remember
The filing season for 2017 federal income tax is upon us, with a number of deadlines fast approaching. In the meantime, first quarter 2018 estimated tax deadlines are also right around the corner, with the…
The Top 10 Self-Employed Tax Questions and Answers
A lot of us fancy having our own business. The idea of being your own boss is quite a strong motivating factor. But there is no denying the fact that you have to take care…
Tax on Holiday Bonus
A large number of companies provide their employees with holiday bonus or end of the year bonus. In fact, a study states that about 80% of the companies do this. It always feels good when…