by Admin | Jul 7, 2022 | Business Taxes, Entrepreneurial
Every small business — whether a respected local mom-and-pop retailer, a startup tech company, or an online venture — has accounting and bookkeeping responsibilities, including selecting the accounting method that works best for them. If you’re new to small...
by Admin | Jul 1, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Tax Planning
With gas prices soaring it has been expected the IRS would increase the mileage rate that business owners can deduct for vehicle use instead of keeping a record of actual expenses. Sure enough, the IRS recently announced a 4-cent increase in the optional mileage rate...
by Admin | Jun 28, 2022 | Business Taxes, Entrepreneurial, Tax Planning
If you’re a business owner who has been through a recession before, you know that smart cash flow management is absolutely crucial. If you’re a new entrepreneur who hasn’t been through an economic downturn, you may be less familiar with how quickly your finances can...
by Admin | Jun 23, 2022 | Business Taxes, Entrepreneurial, Individual Taxes, Retirement, Tax Planning
Waiting for your regular appointment to discuss current tax-related issues can create problems or cause you to miss out on beneficial options that need to be timely exercised before year-end. Generally, you should call this office any time you have a substantial...
by Admin | Jun 19, 2022 | Business Taxes, Entrepreneurial, Tax Planning
The United States economy is nothing if not cyclical – which can be a good thing or a bad thing depending on when, exactly, you’re trying to operate a business. According to one recent study, roughly 57% of small business owners say that they fear the U.S....
by Admin | Jun 9, 2022 | Business Taxes, Entrepreneurial, Tax Scams
A part-time bookkeeper is liable for his employer’s unpaid payroll taxes. He owes the 100% trust fund penalty for willful failure to deposit. He was an hourly employee of a doctor’s office and took care of the business’s payroll. Although he knew...
