by John Reddall | Jun 28, 2024 | Tax
An important strategy for small business owners is identifying and using any suitable tax write-offs. The main advantage to write-offs is legally reducing your company’s and, if you are self-employed, your personal tax liability. What Tax Write-offs Do Smart Small...
by John Reddall | Jun 20, 2024 | Tax
Everyone’s excited to get a tax refund after filing their returns during the April tax season. But what about small businesses? Do refunds apply to them? We will discuss how tax refunds work for small businesses, how the IRS generates refunds, and why a refund for any...
by John Reddall | May 16, 2024 | Tax
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...
by John Reddall | May 5, 2024 | Bookkeeping
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...
by John Reddall | Apr 5, 2024 | Tax
If you own a new small business, you probably have a lot on your mind. Questions like: Is there enough money in the bank? Will there be plenty of customers? And so on. One of the most critical items for a small business owner to address, especially a new one, is...
by John Reddall | Mar 29, 2024 | Bookkeeping
Few things are more important for a small business than bookkeeping. You want your business to be profitable and will likely want to expand eventually. When that time comes, you want to know that your business has a solid financial foundation and sound bookkeeping...
by John Reddall | Mar 6, 2024 | Bookkeeping
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...
by John Reddall | Feb 16, 2024 | Accounting
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...
by John Reddall | Jan 13, 2024 | Bookkeeping
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...
by John Reddall | Jan 2, 2024 | Tax
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,...
