Author's posts
Oct 10
Are you Self-Employed? If so, the IRS has you in their cross-hairs
Are you Self-Employed? If so, the IRS has you in their cross-hairs. Your chances of being audited are THREE TIMES HIGHER than the average worker bee. You see, if you work for an employer and receive a Form W2 at the end of the year, the IRS gets a copy of this document. If what …
Jan 17
Why Your Business Needs Bookkeeping
Owning a small business is not easy! It is important that you keep a good set of books. These books should be constantly and contemporaneously updated to keep the IRS satisfied that you have not just thrown together records at the end of the year. Preparing taxes is a primary reason to keep a detailed …
Sep 12
Small Business Loans-101
Money is the lifeline of any business, so whether you’re starting a business or running an existing one, securing financing is a major factor. Many budding entrepreneurs find the task daunting and don’t even know where to begin. We do not encourage unnecessary borrowing, however when you must borrow here’s a simple and practical guide …
Aug 06
New Simplified Option for Home Office Deduction
Do you work from home? If so, you may be familiar with the home office deduction, available for taxpayers who use their home for business. Beginning in 2013, there is a new, simpler option to figure the business use of your home. The new simplified option does not change the rules for who may claim …
Jul 11
Are You Using YOUR Accounting Firm Correctly
Being entrepreneurial doesn’t end when you start a business; it means constantly striving to perfect your business model and quickly and continually adapting to change. This is how Brian Hamilton, Chairman of Sageworks began his article in CPA Practice Advisor. This should get all do it yourself accountant business owners thinking. If you only think …
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