Posts Tagged ‘Accounting’
What You Need to Know About Business Law
When you start a business, you will need to figure out the legal requirements that apply to your business and the laws that you need to adhere to.
Read More How to Handle Franchise Accounts
The ability to understand franchise accounts is arguably the most important skill that a franchisee can possess. While some franchisors will offer to take over this responsibility, franchisees need to have a comprehensive knowledge of franchise accounting practices for their own protection and control.
Read More 4 Ways to Separate Your Personal & Business Finances
As the owner of a small business, separating your business life from your personal life is a must. One way that this can be done is to draw a bold line between one’s personal finances and business finances.
Read More Year End Planning: Payroll
Doing your last payroll for the year is an important time to make sure you have a tax plan in place. That payroll is often the last cash transaction for the year; your last chance for tax deductions.
Read More Small Business Tax Deadlines and Tips: November and December
As October comes to a close this week, it’s time to take a look ahead at the tax deadlines for the remainder of 2013.
Read More Business vs. Hobby
Many taxpayers engage in activities they enjoy and do it for a business purpose. Whether the IRS considers it as a business or hobby has important income tax implications.
Read More Tax Tips If You Are Starting a Business
If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic tips the IRS provides that can help you get started.
Read More My CPA Should Have Told Me That!
CPA’s provide a valuable service. However, you can’t expect them to read your mind, tell you what is wrong with your business, or give you opinions about your business. Some are great business consultants along with their tax knowledge.
Read More R is for Recapture
R is for recapture. Recapture is a term that comes into play in a variety of circumstances, but it means the taxpayer is picking up income or tax, which is always a bad thing. Recapture is most commonly applied to depreciation.
Read More Setting Up Your Accounting System
Having a good accounting system in place is essential in order for your business to grow to its fullest potential. Here is your blueprint for setting it up.
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