by Doug Kook | Dec 6, 2018 | Small Business, Tax
There are two methods a business can use to track and deduct Auto Expenses for tax purposes. No matter which method your business chooses, it is imperative to use an auto log. Smart phones are now the easiest and most convenient way to track auto use for business. We...
by Doug Kook | Nov 6, 2018 | Quickbooks & Bookeeping, Small Business
Adding Classes to your QuickBooks set-up can help you organize information and run reports to provide insight into how well different aspects of your business are performing. Classes give you a different way to quantify data, while keeping your chart of accounts from...
by Doug Kook | Oct 15, 2018 | Quickbooks & Bookeeping, Small Business
Now that you have formed your company and know where you are doing business, it is time to set up the chart of accounts. Creating the chart of account is like building a foundation for a house. A good chart of accounts leads to useful financial statements, logical...
by Doug Kook | Oct 2, 2018 | Seminars & Presentations, Small Business, Tax
Once you identify all the states you must register to do business in, you must determine if you are subject to sales tax nexus in those states, or if you need to file income tax returns in those states. Nexus rules have changed dramatically in recent years as states...
by Doug Kook | Sep 11, 2018 | Small Business, Tax, Uncategorized
You are forming, or have formed, a company and have selected your entity type; Now – where are you doing business? What state will be your home state? Which other states will you need to get authority to do business in? If your home state is Delaware, you will...