What Entrepreneurs Need to Know About Tax Returns

Starting a new business can be a hectic, exciting and expensive time. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. Some may have to be amortized over time

Benefits of CFO Services

A great CFO can do more than help a company’s bottom line—they can put key processes in place to drive growth and culture. CFO’s provide their company with direction and vision that is invaluable. Why

What Type of Expenses Can’t Be Written Off by your Business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office

When Should You Report Subsequent Events?

Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications

Outsourced Accounting Services

It seems like every day we hear about more businesses who are outsourcing their accounting. For many business owners it can be a hard to let go of their internal accounting department, especially when they

What is the R&D Tax Credit?

Why include your CPA when creating a new product? While they may be easy to overlook, their presence throughout your process could save you big come tax time. We detail how an R&D tax credit

What You Need to Know About Merger and Acquisition Transactions

Buying or selling a business may be the most important transaction you ever make. So it’s important to seek professional tax advice as you negotiate. After a deal is done, it may be too late

Key Deadlines for 2019 Quarter 2 Tax Calendar

Does the April 15 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2019? Here are some of the key tax-related deadlines that

Small Business Owners Still have Time to Set Up a SEP Retirement Plan for Last Year

Are you wishing you’d set up a retirement plan for your small business for 2018? Believe it or not, you may still be able to do so, and also reduce your 2018 tax liability! Contribution

Leasing Equipment vs. Buying Equipment for your Business

When deciding whether to lease or buy equipment or other fixed assets, there are a multitude of factors to consider, including tax implications. Pros and Cons of Leasing From a cash flow perspective, leasing can

Reporting Stock Compensation Paid to Non-employees

Good news for businesses that pay contractors and consultants with stock or stock options: The accounting rules for stock-based compensation have been simplified. Under recent guidance issued by the Financial Accounting Standards Board (FASB), they now

Home Office Deductions: Actual Expenses vs. the Simplified Method

Business owners may be able to save tax with the home office deduction. But will you save more by claiming actual expenses or using the simplified method? Basics of the Deduction In general, you’ll qualify

By |February 25th, 2019|Categories: Business Management|Tags: , , , , , , , , , , |Comments Off on Home Office Deductions: Actual Expenses vs. the Simplified Method
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