Timely warnings for small business owners.Click Here to View Video...
Posted by Affordable Accounting Assistance on 02/01/2019
For many individual taxpayers and small business owners, using independent contractors can mean a reduction in tax liability for funds paid out, but can also mean that you are not...
Posted by Patrick O'Hara, EA on 03/27/2016
If you own a general contracting business or one of the supporting businesses, such as plumbing, electrical or drywall, then you will need to keep accurate records. The most important...
Posted by Dennis O'Brien on 03/27/2016
Taxes are an important part of life and whether you are a consumer or a small business, you must file them. Small businesses are responsible for turning in their taxes at the same...
Posted by Patrick O'Hara, EA on 02/01/2016
Bookkeeping for a small business can often seem to be a full time job all on its own. While it might be tempting to take some short cuts to move the process along, those shortcuts...
Posted by Patrick O'Hara, EA on
The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...
Posted by Elliot Kravitz, ATP on 11/24/2020
Thanks to the Internal Revenue Service's (IRS) cost-of-living adjustment, you can save more money on retirement plans and health savings accounts (HSAs) by 2020. This year, good...
Posted by Elliot Kravitz, ATP on 10/14/2020
The number of people that employ themselves is rising. This includes freelancers, gig workers, small business owners, and startup finders. It is not surprising that this sector is...
Posted by Elliot Kravitz, ATP on 07/16/2020
The paycheck protection program is a product of the CARES Act. It is available to business owners via institutions like the bank of America. It allows businesses to borrow money and...
Posted by Elliot Kravitz, ATP on 06/22/2020
