Category Archives: Business Tips

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

Posted in Accounting, Bookkeeping Tips, Business Taxes, Business Tips, General Tips & Tricks, Individual Taxes | Leave a comment

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

Posted in Business Taxes, Business Tips, Cost-Savings Tips, Expense Reduction Tips, General Tips & Tricks, Payroll Tips, Profitability Tips | Leave a comment

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

Posted in Business Taxes, Business Tips, Cost-Savings Tips, Decision-Making Tips, General Tips & Tricks, Payroll Tips, Profitability Tips | Leave a comment

Should You Have a Financial Dashboard?

A quick glance is all you need to check your fuel gauge, speed limit, engine temperature, and RPM when you’re driving down the road. Your car’s dashboard is designed to focus you on what’s important and what you need to … Continue reading

Posted in Business Development, Business Tips, Decision-Making Tips, General Tips & Tricks, Management Tips | Leave a comment

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

Posted in Accounting, Bookkeeping Tips, Business Taxes, Business Tips, General Tips & Tricks, Management Tips | Leave a comment

5 Tips on Bringing Home the Bacon

Whether you call it bacon, Benjamins, or big bucks, cash – and having enough of it – is key to running your business. Here are five tips related to managing and getting the most out of your business cash. 1-      … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, General Tips & Tricks | Leave a comment

Do You Spend Too Much Time on Email?

If you feel like you spend too much time on email, you’re not alone. Almost everyone feels the same way. That’s why it’s so important to learn how to be as productive as possible when it comes to handling email. … Continue reading

Posted in Business Tips, General Tips & Tricks, Management Tips, Time Management Tips | Leave a comment

Cool Apps: Accounting System Add-ons

Accounting software continues to evolve decade after decade. It started out as one big massive complicated set of programs that only large companies could afford. Today, cloud accounting is the modern solution, and today’s accounting systems are designed to meet … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Decision-Making Tips, General Tips & Tricks, Management Tips, QuickBooks Software | Leave a comment

How to Read Your Income Statement

The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance of your business over a period of time, such as a month or year. You might also hear … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, General Tips & Tricks, Management Tips, QuickBooks Help | Leave a comment

Boost Your Accounting Know-How with These Terms

The field of accounting has its own vocabulary, which can sound like a foreign language to some people. Your financial savvy will increase by learning a few new accounting terms. You’ll be “speaking accounting-ese” in no time, and you’ll become … Continue reading

Posted in Accounting, Bookkeeping Tips, Business Tips, Decision-Making Tips, General Tips & Tricks, Management Tips | Leave a comment