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Enhance Your Cash Flow, Enhance Your Business: The Top Tips You Need to Know

We've discussed at length in the past about how cash flow is ultimately one of the most important factors of a business that far too many people just aren't paying enough attention to. Cash flow maintenance is about more than just knowing how…
Tax Due Dates
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October 2017 Individual Due Dates

October 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you are required to report them to your employer on IRS Form 4070 no later than October 10. Your employer…
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Hiring The Right Employee Can Get You A Big Tax Credit

If you are an employer who is willing to help disadvantaged individuals, you could benefit from a substantial federal tax credit. Hiring certain new employees can qualify you for the work opportunity tax credit (WOTC). The WOTC is typically…
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Are Your Important Tax Documents Safe in Case of a Disaster?

You may think a natural or man-made disaster will never happen to you, but it can be a nightmare when it does. The 2017 hurricane season is a good example, not to mention the wildfires in the West, the tornados in the Midwest, plus the potential…
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When Business Meals and Entertainment Are Deductible

An often asked question is: are meals and entertainment deductible in the course of one’s business, and if so, under what circumstances? This type of expense requires you to comply with some pretty complicated qualifications, and if you can…
Tax Due Dates
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September 2017 Individual Due Date Reminders

September 1 - 2017 Fall and 2018 Tax Planning Contact this office to schedule a consultation appointment. September 11 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during August,…
Hobbies
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Hobby or Business? It Makes a Difference for Taxes

Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are not, commonly referred to as hobbies. The differences are: Businesses Entered Into for Profit – For…
Tax Due Dates
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August 2017 Individual Due Dates

August 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are required to report them to your employer on IRS Form 4070 no later than August 10. Your employer is required…
Convention Expense
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Deducting Convention Expenses

Generally, an individual can deduct travel expenses from attending conventions, seminars or similar types of meetings within the North American area, provided that attendance benefits the taxpayer’s trade or business. However, family members’…