Business Mileage Tip Here we are at the beginning of a New Year! Here are a few tips to keep record of your business mileage. 1) Go immediately and write down your beginning of the year odometer reading. 2) Log your business trips on your calendar a) Who meeting with b) Business purpose c) Date d)…
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REMINDER: Two weeks until the deadline for extended 2014 tax returns. Did you file for a Tax Extension in 2014? Your taxes are due Oct. 15th. If you need help with your taxes, we offer free consultations. Call us today or contact us on the web.
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Moving Expense Deductions & Taxes When moving it’s important to keep in mind there are some deductions that you could earn if you meet the requirements. Here are 3 of the requirements that you should consider during the moving process. Distance Requirement The distance between your new job and your previous home must be at least…
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Accounting Mistakes: Tip One – Hire a Professional Small business owners are smart and thrifty. They try to save money everywhere they can. In reality, some things like not hiring an accounting professional to handle your accounting can cost you big bucks down the road. Reasons why it’s important to hire a professional: Deductions can add up,…
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Looking for an easy way to fill out your IRS Forms Online? Linked below are a few of the most used editable online forms provided by the IRS. You can enter in all your information then save, print to PDF and file quickly on your computer ready to be sent in an email or printed. Best…
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5 Accounting Tips for Small Business Owners Small business owners like to keep all their information in their heads. This sometimes leaves us vulnerable. It can lead to major, time consuming back fires while leaving our long term goals set back or unreachable. With these 5 accounting tips you’ll have a better understanding of your…
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The more tax deductions your business uses, the lower it’s taxable profit will be. In addition to putting more money into your pocket at the end of the year, the tax code provisions that govern deductions could also yield for personal benefits. Home Office Education Phone and Internet Costs Web Hosting and Online Store Themes Contractor Work Shipping…
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After finishing up an appointment at a client’s office the other day, they mentioned to me that one of their employees had received an IRS notice in regards to a former employer that they worked for. Immediately I knew that the notice was probably for payroll taxes that had not been paid. The employee showed me the notice…
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Can’t decide whether or not you should file your own taxes? Tax season is definitely in high gear. A typical question this time of year is whether or not someone should prepare their tax return on their own or hire a tax professional? Even while I was typing this blog article, I got a call…
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Are you keeping a close eye on your money? It is very easy for everyone to get busy with their life and forget to keep a close eye on their bank accounts. I have heard and seen people that will not even look at their bank statements. Did you know it is very important for…
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