by Sheri Hart | Mar 1, 2019 | Financial Planning, Small Business, Tax
If you run your business from your home or perform certain functions at home that are related to your business, you might be able to claim a home office deduction against your business income on your 2018 income tax return. Thanks to a tax law change back in 2013,...
by Doug Kook | Jan 3, 2019 | Small Business, Tax
The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or...
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 | 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 | 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...