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Summer is a Great Time to Think About Tax Deductible Expenses.

For most business owners, taxes are the last thing you want to think about during the summer. After all, you made it through April and, as long as you do a better job this year of keeping your receipts and staying current with the books, you really don’t need to worry much about taxes until next year. That approach, while common, can be a huge mistake. There are certain opportunities you’re only likely to find during those summer months, and so you need to spend at least a little bit of time thinking about your tax situation, and tax deductible expenses.

Here are some common summertime tax deductible expenses Read more →

Launching a Startup? Consider These New Business Tips

An integral part of your success in a startup business is making sure you’re in a good place from the tax perspective. You need to be able to get through those first couple of years without a heavy tax burden, and reaping the benefits of having a business loss. Once your company is turning a solid profit, things will change, of course.

Here are some important new business tips to keep in mind as you plan the tax strategy for your business:

New Business Tips- #1. The first and most important tax decision you make is your new business structure.

When you’re first starting a new business, you need to choose what … Read more →

7 Most Common Small Business Accounting Errors

Your small business runs on the principle of efficiency. You work hard, and you do what you can to make sure everything goes smoothly. You provide a quality product or service to your client, and you accept a reasonable fee for doing so.

Yet, there are some aspects to running a business that business owners just seem to get wrong. Most of us aren’t accountants, for example, which means we make lots of accounting errors.

Fortunately, there are some things you can do to identify those mistakes, and to keep them from happening. Here are some of the most common small business accounting errors:

1.Doing it yourself. Some business owners have a background … Read more →

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