The Blog

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The Home Office – Does Yours Qualify for a Deduction?

“Can I use my home office as a tax deduction? I’m confused on what the limitations are.” Many people aren’t sure if they qualify for a home office deduction. Unfortunately, checking work emails or occasionally doing work at home does not meet the qualification...

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Outsourcing

“I’m looking for a bookkeeper… would it be easier to outsource some of these tasks?” If you are in need of a bookkeeper, imagine all the time and effort that must go into finding the right person, training them, and developing back up plan for when they are absent for...

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Taxable Fringe Benefits-What you need to know

The Internal Revenue Service counts fringe benefits—goods, services, and experiences given to employees in addition to wages—as a form of compensation.  In most cases, using your company car for personal use is considered a taxable fringe benefit, and if your small...

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Put Internal Controls to work for your organization

Efficiency, Effectiveness and Internal Controls-You can have it all! Whether you use Great Plains, Sage, Quickbooks Online, or Quickbooks Enterprise, all of these accounting systems have reporting and features that allow increased efficiency, effectiveness, and...

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Retirement Plans work for small business

Don’t have a retirement plan for your business.  What’s holding you back? The consuming nature of running a small business often puts retirement plans behind growth plans. This is understandable yet why not have both?  According to a recent survey done by CNBC, an...

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Should you Buy or Lease?

With interest rates at historic lows and real estate just recovering from a downturn, is this the time to purchase commercial real estate and stop leasing your office or warehouse space? If you plan to stay in the same business location for 7 or more years, then...

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