Tax/Accounting
4 Business Valuation Strategies
People start a business for all kinds of different reasons. Some people do it because they are fulfilling a lifelong passion to create a new product or service. Others see a new business as a getaway from the grit and grind of corporate America to become their own boss. Still more see a business as…
Read This ArticleBreaking Down the Tax Plans of 2016 Presidential Candidates
With both the Republican and Democratic debates heating up now, it is probably a good time to attempt to separate fact from fiction when it comes to the future plans of the nominees on how they will change the tax code. With our national debt soaring to 19 trillion dollars, it is certain we will…
Read This Article6 Tax Red Flags That Could Get You Audited
Nobody wants to be audited. But about 1 in 150 of us will experience some type of audit in our lifetime. That’s the bad news. The good news is that if you avoid these six potential red flags, you may be able reduce your chances of getting the dreaded audit notice in the future. 1.…
Read This ArticleAssemble Your Advisor Dream Team
As a small business owner, you probably wear many different hats. One day you’re the chief financial officer, the next you’re a marketer, a hiring supervisor, logistics manager and so on. But some skills may be outside your core competency. You really need a set of advisors who can balance the books and keep you…
Read This ArticleSo You’re a 1099 — Now What?
You have decided to leave your employer and make a go at a consulting business on your own. Perhaps you were a stay at home mom and now the kids are in school and you opened up a small interior design business from your home. Or, you are the recent graduate of an arts and…
Read This Article179 Reasons Business Owners Need This Tax Deduction
In the flurry of tax changes that happened for 2016, one of the most overlooked deductions by small business owners is the Section 179 tax deduction. This deduction was set up to allow business owners to deduct many different types of equipment used for their business. In fact, there were certain loopholes within this tax…
Read This Article5 BIG Overlooked Tax Deductions
Tax season is upon us and you might be asking what can you still do that can potentially reduce your overall tax liability. Here are 5 BIG overlooked tax deductions that people often don’t ask about or overlook come tax time. 1. Charitable Mileage Most taxpayers are very good at keeping receipts of their cash…
Read This ArticleHow Much Mileage Can I Deduct This Tax Year?
During tax time, we often get questions from employees and business owners on how much of their auto mileage they can deduct on their tax return. This is one of the biggest questions where a slippery slope can occur without approaching this topic in the right manner. For most people including business owners, their automobile…
Read This ArticleThe Top Blog Posts of 2015
The New Year is fast approaching, and we’re taking the opportunity to look back at the best of the past year. Today, we’re sharing the top 10 most-read blog posts of 2015. Don’t miss them! Should I Buy a Company Car? Question: As the sole owner of an LLC, what are the benefits and downsides…
Read This Article10 Reasons Why Businesses Incorporate in Nevada and Delaware
Part of the decision concerning business entity selection, whether you’re forming a corporation or LLC, is choosing your incorporation state. Different states have different costs, tax effects, and laws for corporations. Staying Home or Choosing Another State? Home state incorporation is the choice to incorporate in the state where your business is physically located. You…
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