Oct 27, 2020
Many small business owners pay too little attention to their financial statements. This is due in part to not understanding just what the statements have to offer. In fact, many may not be able to tell you the difference between a Balance Sheet and an Income Statement.
Oct 20, 2020
Your business can’t be profitable if you don’t get paid. Regular accounting tasks may not be the most exciting aspect of running a business but they are necessary. Although important, it can be all too easy to procrastinate and not get these critical tasks done regularly. Here are some ways you can stop...
Oct 13, 2020
One of the questions I’ve been getting a lot lately is, “Is it better to lease a car for business purposes and can I claim the lease payments on my taxes?”
The short answer is: Yes to both.
The more detailed answer is: …but there are caveats to how you can claim the deductions.
Leasing a new automobile is a...
Oct 6, 2020
When it comes to taxes, being self-employed has some advantages. Whether you work for yourself on a full-time basis or just do a little moonlighting on the side, the government has provided you with a variety of attractive tax breaks.