Managing cash flow is one of the biggest challenges involved in running a small business. Thankfully, there are a few secrets you can use to keep the dollars flowing.Read More
Budgeting and forecasting are necessary evils to keep a company on track to meet their short-and long-term goals. Unfortunately, the process can be time-consuming and complicated. As CEO, you will want to make this yearly task move as quickly and painlessly as possible.
These six tips will act as a better way forward when completing your budget and forecast for the coming year.Read More
The cooler weather is hinting that the holidays are right around the corner, which means that the end of the year is upon us. Now is the right time to plan your year-end tax strategy in order to maximize your savings before December 31st!
Below are a variety of tax-saving strategies individuals and/or business owners should consider implementing:Read More
One questions that I often recieve from clients is what should I do to improve my chart of accounts? To answer that I have here 3 tips to improve your chart of accounts.
We recently held our annual 401(k) meeting where our investments administrator came to our firm and gave us a presentation on the state of our 401(k). In addition to that information, he answered questions we had about our account or investing. Our investment administrator, explained the differences between the two types of IRA’s, and what we should consider when choosing which retirement account is right for us.
When I was an auditor working for the State of California’s Franchise Tax Board (FTB), I saw some very interesting expenses that taxpayers claimed and hoped would qualify as deductible business expenses. I have audited taxpayers who deducted personal vehicles as business expenses, personal costs as consulting expenses, or fines and penalties as dues and subscriptions (yes, parking fines are not considered business expenses). Based on the experience and the knowledge I obtained at the FTB, I would like to identify some expenses which are deductible and some which are not.
People often ask me what is an S corporation, what are the requirements to be an S corporation or whether a certain action will revoke an S election? So let’s discuss S corporations today.
It is that time again to gather your documents and get organized to file taxes. Here are five tips to help you properly itemize your deductions and minimize your taxes.
One question that I often get asked is how much can I deduct for my home office. My aim with this article is to help you understand the rules and how they may apply in your situation. Here we go!
If you use part of your home for business, you may be able to take advantage of the home office deduction.
I hope that you and your business are starting off 2014 with a strong start. Now that we are a month in and inching close to the April 15th tax deadline, here is a quick rundown of several tax developments that have taken place in the last few months.