Category Archives: Business Taxes

Business Meals with Tax Reform

In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This is very good news indeed. Under this new IRS guidance, you may deduct 50 percent of … Continue reading

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How to Survive a Worker’s Comp Audit

If you have employees, you have the distinct honor once per year of being part of a worker’s compensation audit. You likely receive a form in the mail, an email request, or a phone call that will ask you about your … Continue reading

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Tax Reform Doubles Down on S Corp Reasonable Compensation

The Tax Cuts and Jobs Act (TCJA) tax reform gives you a valuable 20 percent deduction on your pass-through business income if you have the right business and the right taxable income. The S corporation is a pass-through entity. That’s … Continue reading

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How to Cut Costs with Fixed Assets Management

Fixed assets are special kind of assets in your business. They include land, buildings, equipment, furniture, and vehicles that your company owns. While we frequently look at expenses to cut costs, fixed asset management is another place we can look … Continue reading

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Making Deadlines Can Save You Big Bucks in Your Business

There are a lot of deadlines that come with running a business. Missing some deadlines can have serious financial implications to the health of your business. Let’s take a look at how much you’ll save by being on time with … Continue reading

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Get Ahead on Year-End Tasks

Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here are a couple of tips to make year-end go smoother. Cleaning up Things will go … Continue reading

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What Is Reasonable Compensation?

What Is Reasonable Compensation? For small businesses formed as an S-Corporation and with plenty of profits, reasonable compensation is a term you may want to be familiar with. Many small businesses have organized as an S-Corporation form of entity.  In … Continue reading

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Do You Have Past Due Accounts?

Do You Have Past Due Accounts? If you perform a service or ship a product before you get paid, then you likely have a balance in your Accounts Receivable account. If customers pay when their invoice is due, all is … Continue reading

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Tax Time, Ready or Not

It’s always a huge relief to many people who get their taxes done early. That gray cloud of stress that nags at you to get it over with can be gone in a matter of weeks instead of months.  April … Continue reading

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Five Money-Saving Things to Do Before Ringing Out 2016

Five Money-Saving Things to Do Before Ringing Out 2016 Hopefully you’re having a wonderful December with all of the holidays and parties this month.  And if you’ve spent too much on gifts and decorations, never fear.  Here are six ways … Continue reading

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