Tax and Accounting

4 Bookkeeping Tips for New Businesses

In the world of business, paying tax is as much a part of life as buying and selling. Companies are obligated to pay tax on everything their business makes, unless they can prove they are…

Special Tax Concerns for Cash Businesses

Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash doesn’t make a difference in terms of income taxes; cash transactions…

5 Small Business Bookkeeping Tips for New Business Owners

Raise your hand if you absolutely love handling your small business bookkeeping requirements. There sure aren’t many hands up—and that’s pretty common. Documenting all payments, expenses, deposits, and withdrawals can make your head spin. The…

4 Great Tips to Anxiety-Free Taxes for Small Business Owners

For most people, tax time only comes once a year, but for small business owners and the self-employed, it rears its ugly head in the form of quarterly tax payments four times a year. And…

What Small Business Owners Need to Know About Balance Sheets

The most effective way for small business owners to be sure that they are aware of their company’s financial status is to have an accurate balance sheet that reflects the most current information available. By…

Mark Your Calendar: New Deadlines for IRS Business Taxes

We all know April 15 has been the traditional American Tax Day for generations. Some business taxes have also commonly been due by this day. However, Congress recently announced that the IRS will change several…

Cash Flow: The Pulse of Your Business

Cash flow is the lifeblood of any small business. Some business experts even say that a healthy cash flow is more important than your business’s ability to deliver its goods and services! While that might…

Preventing Tax Problems When Employees Travel

Sending employees on business trips is essential for countless companies and can result in tax headaches for both the employer and the employee if the tax regulations are not adhered to. If the rules are…

A Recipe for Tax Savings: Deductions for Caterers

Do you make amazing lasagna? Can you craft a tasty chicken pot pie? Whatever you specialize in when it comes to culinary creations, there’s a good chance you are spending plenty of money on your…

2015 Midyear Tax Tips: What Tax Moves to Make Now

While it may seem like New Year’s Day was just the other day with the giant ball falling in Times Square, we’re already halfway through 2015. Whether you’re an individual with a W-2 job or…

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