Our goal is to help your business succeed. We know that trying to navigate through the ever-changing business landscape today can be a challenge on top of handling finances and other important business tasks. At Hylen, we have an experienced team of professionals that is ready to help take control
We know that there are non-stop changes happening for business owners right now. As the country slowly begins to reopen, there is much to keep track of. From business relief programs to changing guidelines for businesses, it’s easy to become overwhelmed. At Hylen, we are aware of how difficult it
With the current COVID-19 pandemic, many of us are finding ourselves doing more virtually. From meetings to happy hours, we are doing more online – including our taxes. In a period of time where most Americans are usually concerned about tax filing, there are now new accommodations as a result
With tax season upon us, many are stressed and concerned about filing properly. There are a few things one can do in order to make the process of filing taxes a bit easier and maybe even enjoyable! First, you must determine your filling date since some small business tax returns
What is the difference between Accrual Basis and Cash Basis Accounting? ACCRUAL BASIS The accrual basis method takes into account all revenue and expenses at the moment they are earned or incurred. However, this method works independently of the function of time and whether the money for either revenue or
Depreciation deductions are deductions that are often misunderstood. Here is a recent example: Sandy took depreciation deductions for his buildings (rental properties) but not for his land. The basis (depreciable cost) of each building was based on his tax preparer’s allocation of value to the buildings and land. The IRS
Greetings everyone. Thanks for coming to my webpage. I recently had it re-designed by Argyle Interactive and they really did a great job. They can be found at argyleinteractive.com…
Keep it separate. That new backpack for your kids isn’t a business expense, but your business credit card was handy so you used it. Sure, you can pay back your business for a personal expenditure, or the other way around, but if you’re going to do it right you actually
Wow. What a busy tax season. Even though I worked 6-7 days per week at 10-12 hours per day, I still love my job. However, even though I still love my job, I am looking forward to vacation later in April. I usually run into a lot of Accountants during
Once you’re running a business, expenses such as advertising, utilities, office supplies, and repairs can be deducted as current business expenses — but not before you open your doors for business. The costs of getting a business started are capital expenses, and you may deduct $5,000 the first year you’re
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