The fact that you as a business owner have a receipt or can prove that you incurred an expense does not by itself make it tax deductible. Only business expenses that are ordinary, necessary and reasonable in amount are tax deductible
Life zooms by. Decisions are made, acted upon and forgotten – like the seasons spring, summer, fall and winter.
I remember my Mom telling me “If you have nothing nice to say, don’t say anything at all”. I struggle with the words being tossed around in the news today. Majority of what I hear is “he said, she said”.
Many businesses are closing their financial statements for last year to file the taxes. This is the perfect time for business owners to take a deep dive into their financial results and learn more about the business.
It’s hard for me to believe the Year 2020 is here! They say hindsight is 20 20 and I have 60 years of history to learn from. What am I going to do with all that information? I made a list of 5 things I have learned.
Physics states that a ball going in a straight line will continue unless redirected. In business the same habits and behaviors will continue to provide the same results unless redirected.
For the last 5 months I searched for a CPA to hire. I only got 2 resumes throughout that whole time and those that applied did not qualify. The labor market was tough.
Tax time is just around the corner. Here are some steps you can take to minimize your personal income tax bill.
One of my favorite movies is Ghost and Darkness, it is about two man eating lions that slow down the building of a railroad in Tsavo, Kenya in the early 1900’s. The movie stars Val Kilmer and Michael Douglas.
Small business Owners put blood, sweat and tears into their business every day. Fall is the time to plan to minimize your tax bill for 2019, legally. Get informed and in control of your tax situation. These are general year-end business tax planning tips. It is critical to consider your personal and business circumstances before implementing any ideas.