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Accounting Resources for Business Owners

Keeping you up to date on issues impacting your business

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Don't endure another painful tax season

BY Shelly Lingor ON May 30, 2019

Getting 2018 tax returns done was messy for so many taxpayers due to changes under the Tax Cuts and Jobs Act (TCJA). Many people were surprised by smaller-than-usual refunds or even ended up owing money unexpectedly. If you struggled through tax season, now is the time to make sure that doesn't happen again! After all, these changes aren't going away, and many of them were significant for...

Business meals and entertainment: What's deductible?

BY Shelly Lingor ON Mar 27, 2019

As you're working on your 2018 business tax return, you may have a surprise in store: business meals and entertainment expenses have new rules for deductions under the Tax Cuts and Jobs Act. If you had lots of meal and entertainment expenses last year, you'll want to look closely at the changes and see how you can improve your tax planning for 2019. Further, if these expenses were coded the...

Are you making mistakes with your business expenses?

BY Shelly Lingor ON Mar 11, 2019

Tracking business expenses seems like a no-brainer, right? You need to know how much money your company is spending, whether you're profitable, and what you can deduct on your taxes. When it comes to bookkeeping, we see business owners making the same mistakes over and over with respect to expenses. To throw an additional wrench in the works, the Tax Cuts and Jobs Act made some significant...

1099s Simplified

BY Cindy Monk ON Dec 4, 2017

It’s that time of year again…

Okay, let’s break this down: If you paid an independent contractor or non-incorporated company $600 or more during the calendar year, you should issue a 1099 (When it comes to attorneys, you should issue a 1099 to them even if they are incorporated).