Used within the production of other products or services, a commodity is a basic good used in commerce that is interchangeable with other goods of the same type. It is common for business owners to […]
Accounting is not a commodity Read More »
These days, a cell phone is no longer just a personal device; it’s a workplace must-have. With cloud-based tech advancing rapidly, features like email, remote payment processing, document access, project management apps, work calendars, and
How do I create a company cell phone policy for my business? Read More »
Below we have assembled a brief summary of some of the business taxpayer provisions of the American Rescue Plan Act of 2021 (ARPA), passed on March 11, 2021. Extension of the paid sick and expanded
The American Rescue Act of 2021 – Business Provisions Read More »
Summer is just around the corner, so you might be thinking about getting some vacation time. If you’re self-employed or a business owner, you have a golden opportunity to combine a business trip with a
Tax-smart domestic travel: Combining business with pleasure Read More »
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have
How entrepreneurs must treat expenses on their tax returns Read More »
Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly eligible businesses should determine whether the cash method would be advantageous and, if so, consider switching methods.
Tax reform expands availability of cash accounting Read More »
The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income
Close-up on the new QBI deduction’s wage limit Read More »
When starting a business, understanding your tax obligation is one key to business success. With the internet and the wealth of information found on the web, it’s easy to be misinformed. Hopefully this post will clear
Three Tips for Starting a Business Read More »
We live in a global society. As a CPA I am constantly traveling to meet clients or attend tax conferences. If your trip is set up properly, you can reap the tax benefits of travel
How-To Travel for Pleasure Tax-Free Read More »
