5 QuickBooks Tips and Tricks for Small Business Owners

By | July 7th, 2017|Categories: Accounting, Bookkeeping, Small Business|Tags: , , |

As far as essential tools for small business owners go, QuickBooks is among the best. Using it for your accounting needs saves time and money for your business, not to mention that it keeps your business’s numbers organized and easily accessible so that you can tell whether you are making or losing money in an instant. [...]

Starting a Small Business in Florida: 4 Questions To Ask Your CPA

By | June 14th, 2017|Categories: Accounting, Small Business|Tags: , , |

“How does anyone start a business without the help of someone like you?” That’s a question that a client recently asked me. He was considering leaving his company to start his own business. It was a big step for him, as it would be for anyone, but the decision was now years in the making. He [...]

7 Year-End Tax Arrangements to Make Before 2017

By | December 8th, 2016|Categories: Financial Investments, Small Business, Tax Information|Tags: , , , , , , , |

As the eleventh hour of 2016 comes to a close, it’s time to prepare a clean tax ledger for a new year! Regardless of what money-saving tax strategies you’ve implemented this year, you should take the time now to prepare yourself for April. If you haven’t already done so, try making these seven year-end tax arrangements [...]

How to Tell If Your Small Business Needs a Part-Time CFO

By | November 11th, 2016|Categories: Bookkeeping, Financial Investments, Small Business|Tags: , , , , , , , , |

Many small business owners are hesitant to hire someone to oversee their company's finances because they are unsure whether the benefits will outweigh the costs. While it's well known that a Chief Financial Officer (CFO) can increase a company's profits by breaking down the financial information into usable data, hiring one can cost a business anywhere [...]

Income Tax Planning Crash Course: 5 Tips to Help You During Tax Season

By | October 19th, 2016|Categories: Small Business, Tax Information|Tags: , , , , |

With only about six months to go until April 15th, there's never been a better time to start planning for tax season. Taking steps now to reign in and organize your finances can mean more money in your pocket, which is never a bad thing. There's nothing worse than wondering how much more you could have [...]

Tax Tips for Hobbies that Earn Income

By | October 14th, 2016|Categories: Small Business, Tax Information|Tags: , , |

Millions of people enjoy hobbies such as stamp or coin collecting, craft making, and horse breeding, but the IRS may also consider them a source of income. As such, if you engage in a hobby that provides a source of income, you must report that income on your tax return; however, taxpayers (especially business owners) should [...]

Keep Track of Miscellaneous Deductions

By | October 12th, 2016|Categories: Bookkeeping, Small Business, Tax Information|

Miscellaneous deductions such as certain work-related expenses you paid for as an employee can reduce your tax bill, but you must itemize deductions when you file to claim these costs. Many taxpayers claim the standard deduction, but you might pay less tax if you itemize. Here are some tax tips that may help you reduce your [...]

Five Tips for Starting a Business

By | October 10th, 2016|Categories: Accounting, Small Business|Tags: , , |

When you start a business, you need to know about income taxes, payroll taxes, understanding your tax obligations, and much more. Here are five tips to help you get your business off to a good start: 1. Business Structure. One of the first decisions you need to make is which type of business structure to choose. [...]

Apps for Tracking Business Mileage

By | October 7th, 2016|Categories: Small Business, Tax Information|Tags: , , |

Every business owner, no matter how small, must keep good records. But whether it's keeping track of mileage, documenting expenses, or separating personal from business use, keeping up with paperwork is a seemingly never ending job. No matter how good your intentions are in January, the chances are good that by summer that mileage log is [...]

Qualified Small Business Stock Exclusion

By | October 6th, 2016|Categories: Financial Investments, Small Business, Tax Information|Tags: , , , |

As the driving force in today's economy, small businesses benefit from numerous tax breaks in the tax code. One of these, the Qualified Small Business Stock (QSBS), was just made permanent, thanks to the passage of the PATH Act (Protecting Americans from Tax Hikes Act of 2015). If you're a small business investor, here's what you [...]