 I see businesses in a frantic rush to file their taxes on time every year.
Business owners think they are prepared for tax season but often come right down to the wire. The accountant will send them home with homework they weren’t expecting. The key to improve your tax filing experience is to prepare throughout the entire year. It’s important to develop good habits now so that you can collect the rewards at the end of the year. Here are three simple tips to improve your tax experience and save you a couple dollars:
0 Comments
 You’re a business owner who has lots to do. You have more important things on your to-do list than bookkeeping. You want to be able to stay in control of your bookkeeping, regardless of which route you take.  Are you looking for a bookkeeper, or questioning your current one? You need to know which characteristics to look for to determine the if the fit is right. You need to know if a bookkeeper will be able to provide quality to the potential partnership. Knowing how to recognize a good bookkeeper allows you to set expectations and realistically reach goals. Is it defined by their experience, saying "yes" to everything, or is it more than that?
Here are seven qualities you need to look for in a quality bookkeeper.  One of the biggest questions I get asked on a daily basis is "I can expense that, right?", and 90% of those inquiries are dealing with meals and entertainment.
So you're a business owner, and just like the majority of business owners you see the glorious meals and entertainment deduction line. I know what you're thinking, "I can expense just about any dinner, theatre ticket, or sporting event that involves a client or potential client, right?". WRONG. It isn't that straightforward or easy. There are rules, which are essentially saying that if you're enjoying yourself way too much, it's not a deductible expense. Here's 5 rules that you need to remind yourself next time you're considering to expense entertainment expenses. |
Welcome,Whether you're looking for personal tips and tricks for your business, or tax preparation, or you're looking for strategic insights and ideas, we've got you covered. Archives
June 2018
Categories |
RSS Feed
