How to Amend a Personal Tax Return

How to Amend a Personal Tax Return

You can change a personal tax return if there is a benefit to do so. Many taxpayers believe this could raise unintentional red flags with the Internal Revenue Service (IRS). However, here we will discuss how to amend a tax return and avoid penalties. Reasons to Amend...
How Much Does Bookkeeping Cost?

How Much Does Bookkeeping Cost?

With numerous desktop and online solutions available, many think it would be best to do the bookkeeping themselves. However, online solutions often still cost money and are only sometimes accurate. Some of the worst things a business owner can do is try bookkeeping...
Small Business Bookkeeping Tips and Strategies

Small Business Bookkeeping Tips and Strategies

Your business is growing, and you want to handle the financials better. You may be starting a new business and want enough cash to make ends meet. The answer to many financial concerns for small business owners lies in a sound bookkeeping system. Luckily, bookkeeping...
The Benefits of Small Business Credit Cards

The Benefits of Small Business Credit Cards

Is a business credit card the right move for your business? The proper use of a credit card has the same rules for business or personal use. If managed properly, credit cards used for business purposes can benefit small businesses.  Benefits of Business Credit...
A Guide to Effective Expense Tracking

A Guide to Effective Expense Tracking

Proper small business financial management requires several essential skills, including expense tracking.  First, you must ensure the business is an ongoing opportunity, generating revenue and maintaining cash flow.  Second, you must manage expenses within...
How to Deduct Your Vehicle for Your Business

How to Deduct Your Vehicle for Your Business

Clients often ask what vehicle expenses are tax deductible. While this may seem a somewhat complicated aspect of business ownership, this article aims to help clarify the process. If you have already met the requirements for deducting your vehicle for your business,...
New Standard Mileage Deduction 2023

New Standard Mileage Deduction 2023

If you deduct your vehicle mileage for business purposes, you will want to be aware of new standards going into effect. The IRS released new standard mileage deduction rates for 2023. If you have already met the requirements for deducting your vehicle for your...
Year-End Small Business Tasks

Year-End Small Business Tasks

As we enter the new year, many small business owners focus on tax obligations and how they can reduce the current year’s taxes. However, after the year is over, little can be done to change a business’s tax situation. It is best to get a jump start on next year’s...