June 24, 2019

Business owners, do you really need to keep all those receipts? The short answer is YES. The long answer is… As a small business owner you make tons of purchases for your business. If you are like me, you make them all with a debit or credit card because, after all, wh...

June 20, 2019

So, you started a business? Kick Ass!!! Now the fun begins. Do you incorporate? Form an LLC? Are you a sole proprietor? WHAT?!

Here are a few of the basics...

If you are all by yourself in this little (or big) venture, you ARE a sole proprietor. But you have options...Fo...

January 13, 2019

So you finally took the big step and hired some much needed help. Great job. Now you can focus on your income building tasks and leave some of the other things to your new helper. 

Your other business owner friends have suggested that you just pay this person as a contr...

January 9, 2019

Running a small business can be overwhelming. Boy, do I know the feeling! Are you the owner, the manager, accountant, human resources director, compliance department, janitor, salesman, and IT guy/gal all in a single day? Yep, I've been there and so have my clients.

Whe...

January 8, 2019

Tax Credits and Tax Deductions are great! Both reduce the amount of taxes you will have to pay at tax time but there is a big difference.

Tax DEDUCTIONS reduce your taxable income while tax CREDITS reduce the amount of tax you pay.

Why is this important?

Well let's say yo...

January 7, 2019

Great news! Acting director of the White House Office of Management and Budget has announced that tax refunds will go out even though the shutdown is in full effect. This is great news for all taxpayers expecting a refund this year. Your returns are safe...for now.

January 5, 2019

Until further notice, the federal government is closed for business. President Trump suggests that the government shutdown could last for months or even years!

But what does that mean for you? I mean, you're just an owner of a small, itty bitty business right?

Well, it c...

January 3, 2019

Have you received a phone call from the IRS informing you that you have an outstanding tax debt or balance due?? Well, watch out. It could be a scammer trying to get your confidential information.

Here is how you know you are possibly being scammed...

The IRS will not:

1....

January 3, 2019

Corporate budgets, as well as household ones, are arguably one of the most important tools you can use. Creating a budget for your business will provide a guideline for expected income and expenses and enable you to compare your anticipated financial goals with the act...