What Qualifies as a Business Deduction?
So you started your own business? Congratulations! That’s quite the feat and while you might have an easy time determining what your income is while doing your taxes, figuring out what qualifies as a business deduction can prove to be a bit harder. Below are just some of the business expenses that qualify as a […]
Choosing the Right Business Structure
When starting a new business, you must decide what form of business entity to establish. The form of business structure chosen determines which income tax return form you have to file. The most common forms of businesses are the sole proprietorship, partnership, corporation, and S corporation. A Limited Liability Company (LLC) is a business structure […]
E-Commerce Sales Tax Rules
E-commerce allows a buyer to purchase goods and services online without having to leave home. E-commerce has revolutionized the businesses who sell these products and services. One of the biggest concerns for these business owners is the assessment, collection and remittance of sales tax. We know that filing taxes can be stressful and that stress […]
Managing for Profitability
Managing for profitability involves employing one or more techniques for optimizing returns to meet strategic objectives. In no particular order, this generally incorporates four (4) essential elements…
Deciphering the Child and Dependent Care Tax Credit
Our Congress did not make it easy to understand the Child and Dependent Care Credit. You may be able to claim …
How to Measure for Business Success
Every business, large or small, regardless of what it does, depends on its survival on getting certain things right on a regular basis. These things we call the critical success factors (CSFs).
Common Fraud Schemes
In difficult times, there is a higher likelihood of fraud being perpetrated against businesses. When it comes to fraud, some say there are two kinds of businesses, those that have been a victim of fraud, and those that don’t know yet they have been a victim of fraud.