Procrastination and Disorganization: Two Mistakes That Can Cost You Big Time at Tax Time New Software Automates Expense Tracking for Businesses Tracking, logging, categorizing, and […]
By: William W. Olsen, CPA One of the most over-looked aspects of small business ownership is maximizing tax deductions. As a business owner, you’re entitled to […]
This inspiring message by Albert E.N. Gray is one of the most timeless pieces of life insurance literature. It first appeared as a major address at […]
One important tax issue you need to be aware of when it comes to being in business for yourself is the fact that your net earnings are subject to self-employment tax, which is an additional tax, over and above income taxes.
Recording the activity associated with your business demonstrates that you are a legitimate home business owner, and not someone merely engaged in a hobby.
We recommend that you use a debit card or credit card for all business expenses. This gives you documentation of your transactions from your bank that you can't get with cash.
A sole proprietorship is the easiest way to run your business and for most home-based business owners, it offers the most tax advantages as you run […]
