Today we’re going to discuss figuring out business roles. We get a lot of questions from our clients in our consulting practice that revolve around the roles of people within the business as well as the duties that they have. There are a lot of roles and...
Today we’re going to talk about deducting personal versus business expenses. What are personal expenses versus business expenses? The first step is determining when you can deduct business expenses is to define what those are. What is a Business Expense? A...
Today we’re going to talk about how to determine your tax rate. A lot of pass-through entities and small businesses have all their activity reported on their personal income tax return. So you’ll want to take into account your personal taxes when determining...
Today we’re going to talk about bank services for small businesses. We’ll talk about some accounts that you typically would want to set up for banking services. And we’ll also talk about the necessity of the connection with the bank and how having...
What are good accounting programs for small businesses? This is a question that a lot of people come to us with. Small businesses will often start off using an Excel spreadsheet to record their business activity. But as businesses grow, so do the Excel files. The...
How does an S Corporation save you money? The first question you should be asking is what is an S corporation? An S Corporation is an entity – could be an LLC, or an actual corporation – that files that election with the IRS to be taxed as an S...
