The Top 6 Bad Business Write-Offs, and How to Avoid Them

Taking a bad business write-off is one of the best ways to catch the attention of the IRS, which makes avoiding them one of your highest priorities. If you take a bad business write-off on your return, you’re essentially inviting the Internal Revenue Service to come sniffing around. Even if they don’t target you because of them, you’re much more likely to become the victim of
Read More

Categories: BUSINESS TAX STRATEGIES.

The 5 Most Common Business Accounting Mistakes, and How to Avoid Them

Wondering whether you’re making business accounting mistakes? Here are the five biggest errors and how to avoid them. We probably don’t need to tell you that the Internal Revenue Service is not gentle when it comes to business accounting mistakes. Good intentions do not count, and errors can earn you hefty penalties in an audit…or even make one more likely. If you want to keep
Read More

Categories: BUSINESS TAX STRATEGIES.

Avoid These 3 Dangerous Business Write-Offs Like the Plague

Some business write-offs aren’t good for business. How do you know what tax write-offs are legitimate for your small business? When done right, business write-offs can save you loads of money. But if you make a mistake or write off the wrong expense, you could end up paying more in the long run. We understand tax law can be difficult, so we’re here to help.
Read More

Categories: BUSINESS TAX STRATEGIES.

Which Business Tax Planning Strategies Will Save You Big Time in 2018?

Business tax planning strategies can be a good idea, but it’s crucial that you start planning now. Nobody wants to get gouged on taxes. But all too often, business owners don’t think about their taxes until the end of the year, and then a mad scramble begins. Avoid all that hustle and bustle by planning in stages throughout the year. Business tax planning strategies can
Read More

Categories: BUSINESS TAX STRATEGIES.

Which Business Tax Write-Offs Are Legit for Your Company?

Don’t pay the price for bad business tax write-offs. Business tax write-offs keep more of your money in your own pocket, as long as you only take the ones that are legitimate. Make a mistake and you will wind up paying dearly. The tax code becomes more convoluted every year. That makes every deduction or credit you claim a risk as well as a benefit.
Read More

Categories: BUSINESS TAX STRATEGIES.

Is QuickBooks the Only Option for Bookkeeping and Accounting Software?

Take a look at the most popular bookkeeping and accounting software for small businesses. QuickBooks Online is undoubtedly one of the most popular bookkeeping and accounting software programs for today’s small business professionals. However, there are other options. Some of the alternatives are free, basic programs perfect for the smallest operations. Others are complex enough to handle heavy workloads. Still others will perform accounting, bookkeeping
Read More

Categories: BUSINESS TAX STRATEGIES.

The Best Way to Avoid the Worst Three Accounting Errors

Avoid these three accounting errors to ensure a better tax season. When filing your business tax returns every year, it is very easy to find you’ve made a litany of accounting errors. These mistakes can cause severe problems for your business. For example, the IRS could set up an audit that finds you didn’t pay enough money. Even worse, you could discover that your finances
Read More

Categories: BUSINESS TAX STRATEGIES.

What You Need to be Aware of With Online Tax Preparation Applications

Online tax preparation applications look easy, but there are problems lurking within. Tax preparation applications make a lot of great-sounding promises in advertisements. Claiming to make filing your taxes a breeze, as well as helping you get the biggest refund ever, they sound like a miracle product. These products claim to provide numerous advantages, many of which do sound tempting to busy individuals, such as:
Read More

Categories: BUSINESS TAX STRATEGIES.

The Ugly Truth About Hiring a Business Accountant or CPA For Your Small Business

Small business owners should demonstrate caution when choosing a business accountant. Working with a business accountant can be a great option for small business owners who cannot afford in-house accountants but also cannot afford to miss out on hidden tax savings. Unfortunately, not all business accountants and CPAs are equally capable of delivering the high-quality audit protection, tax filing and estate planning services their clients
Read More

Categories: BUSINESS TAX STRATEGIES.

Top 3 Accounting Mistakes That Cause Problems with the IRS

From omitted income to incorrect deductions, these accounting errors can lead to big trouble with the IRS. Every year, Americans procrastinate on their taxes, hurrying through them at the last minute and failing to catch a myriad of accounting mistakes. Many assume the IRS targets only wealthy taxpayers and large corporate entities with audits. This is not true, and even small errors can lead to
Read More

Categories: BUSINESS TAX STRATEGIES.