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The easy way to maximize depreciation deductions
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
THE ONE-STOP ACCOUNTING SHOP
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 Your Business Account Separate
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
Tax season is winding down
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
Expenses of Going Into Business
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
Need a Bookkeeper or a Part-Time CFO?
Are you so busy with your business that you need to hire an outside bookkeeper? Are you a small business who would like to hire a CFO, but cannot afford one? You might want
Thank you to all of our clients for another successful busy season!
I just want to say a giant “Thank You” to all of our clients for our most successful busy season ever. I would like to take some of the credit but due to the
Ways to Reduce Your Owed Income Tax
Paying taxes may be part of your financial obligation, but the satisfaction of knowing that you might save a bit of money this year could make it a more enjoyable experience. We’ve created a