by Webgeek | Feb 25, 2017 | Blog
“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...
by Webgeek | Dec 2, 2016 | Blog
One of the tax areas that may be scrutinized by the IRS is deducting meals, travel, and entertainment. There is an extensive 13-page IRS guideline for all the details- Publication 463, Travel, Entertainment, Gift, and Car Expenses-Our short article on this topic may...
by Webgeek | Nov 9, 2016 | Blog
“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...
by Webgeek | Nov 2, 2016 | Blog
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...
by Webgeek | Oct 13, 2016 | Blog
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...
by Webgeek | Aug 27, 2016 | Blog
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...
