February 21, 2012Tips After Receiving an IRS NoticeWhat should you do if you or your business receive an IRS notice? If you or your business receive an IRS notice in the mail, DON’T PANIC!! Follow these basic…Read More
February 14, 2012Quickbooks Tip: Using a Comparative Balance Sheet to Get a Picture of Where Cash and Profits Went.Did your company have a nice profit this year, but little or no cash in the bank? Many business owners end up just focussing on their Income Statement and little…Read More
January 24, 2012Actual Costs when Hiring an EmployeeEvery new business owner struggles with when to hire employees, hiring the right employees, and whether or not they can afford it. A common question that tends to come up is “How…Read More
January 3, 2012New Year Business ChecklistWell, here we are at the start of a new year. This is the time of year that businesses make their yearly goals and set up new procedures. Below are…Read More
December 27, 2011Small Business Healthcare Tax CreditAre you a small business owner that pays your employees health insurance premiums? If so, you need to make sure that you are taking advantage of The Small Business Healthcare…Read More
December 20, 2011Writing Off Bad Debt (Cash vs Accrual)Every year during year-end-tax planning meetings I get asked “This particular customer owes me money, can I write this off?” To which my usual response is, it depends on whether or not…Read More
December 6, 2011Food & Beverage Industry FICA Tip CreditIs your company in the Food & Beverage Industry? Do you have tipped employees? If so, you need to make sure you are taking advantage of the FICA Tip Credit. …Read More
November 29, 2011Employer Identification Number (EIN)What is an Employer Identification Number (EIN)? Just as every individual taxpayer has a social security number that represents them, the EIN is a Tax ID number for a business.…Read More
November 15, 2011Trust Fund Recovery PenaltyMany employers these days are trying to run their businesses on limited cash flows. With cash flows tight, sometimes payroll withholding gets overlooked and set aside to pay at a…Read More
October 6, 2011Year-End Tax PlanningWe are now into the fourth quarter of 2011. Now is the time to be thinking about year-end tax planning. This is the time of year where both individuals and businesses can…Read More
