Here we are, past the halfway mark of 2018 and guess what? If you’re like a lot of companies I’ve been talking to, you’ve spent too much already this year. Not that you’re not making it back, but the budgets you’ve allocated had some assumptions in them and because you were busy, you never got…
This month, we’ve spent a lot of time developing the ideas of entrepreneurship versus small business ownership and I wanted to ask you to play a little game with me for the next two weeks. It’s really simple and won’t take more than a few minutes each day to do. I want you to track…
If there’s one thing that we’ve learned from tax season, it’s that every year, we see first-time filers struggling with software, tax codes, and sifting through paperwork they aren’t sure they need. With the new “gig centered” economy – Uber, AirBNB, UpWork and many others, “regular” employees often are having to document income from new…
Now that we’ve made it past April 15th, accountants and business owners all over the country are breathing a collective sigh of relief. One thing we run into every year, though, that trips up new entrepreneurs, is handling and accounting for IRS From 940. It’s likely that many of the stereotypes we associate with income…
This month’s newsletter took a deep dive into the new “gig” focused economy that many “regular” wage earners are playing a role in with side jobs in companies like Uber, Lyft, and UpWork. What a lot of folks forget about – until it’s too late – is that this income is taxable and, come April…
There’s a veritable gold mine for companies that study and collate information about small business owners and entrepreneurs. After all, every one of them is a likely source of either good news or bad news and many – if not all – of them are looking for an edge in their own operations. As a…
Companies long ago mastered the idea of “giving back” for a lot of reasons – some based on tax benefits and some on completely altruistic grounds. In many cases, the idea of giving back usually didn’t mean giving away profits, but rather, being socially responsible. The truth is, we, as consumers, like companies that are…
No matter how you slice it, if you’re a C or an S corporation, March 15 is the end of your year. We’ve been over this time and again, but just like Christmas, even though we know what date it will be here on, there are always some last-minute shoppers. What can you do? For…
Well, we’re really done to the last month before Tax Day and for a few of you, you are still playing Hamlet about filing. Don’t make it harder than it has to be! I know, in the back of your mind, you keep thinking “I’ve got to get this stuff to (firm name)” but life…
An interesting thing happened a few weeks ago when a friend of mine started having the inside of his house painted. He met with the painter who walked him and his wife through the entire process of how his company did business, the owner set expectations for the entire job – from time frame to…