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Demystifying Tax Planning for Small Business Owners

Tax planning may sound complex, but for small business owners, it's a crucial aspect that can save you money and headaches. Let's break it down into simple terms and explore the questions you should be asking with the help of your CPA. What Your CPA Will Look At:...

Beware of Scams: IRS Holds Off on ERC Claims Amidst Concerns

If you are a business owner and haven’t heard of the term “ERC”, I’d like to join you under whatever rock you’ve found to block out the real world.  I feel like I’m constantly being bombarded with spam calls, emails, and advertisements online about how I’m “missing...

Disaster Strikes: The IRS Reminds Us Why Documenting Financial Data is Crucial

In the aftermath of a disaster, individuals and businesses are often left grappling with the destruction of essential documents and records. However, the IRS makes it clear: your burden of proof does not change just because documents are destroyed by an external...

The Vital Role of Bookkeeping

In the intricate world of taxes, there's a simple truth: good bookkeeping is your best friend. The recent case of Gobran v. Commissioner serves as a compelling reminder of why meticulous record-keeping is not just a chore, but a necessity for every business owner. The...

Maximizing Travel Deductions for Small Businesses: The Power of Accurate Record-Keeping

Running a small business involves a multitude of expenses, from travel to client meetings to attending industry conferences. Did you know that many of these expenses can potentially be tax-deductible? However, it's not as simple as declaring them; the IRS requires...
Managing a Small Business with Spreadsheets

Managing a Small Business with Spreadsheets

When you’re managing your own business, it can be difficult to keep track of everything there is to do, particularly the finances. Spreadsheets can be a great tool, but they can also be overwhelming and tricky to organize. Today, we’ll go over some tips and tricks on...

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