Information on business financial.


SBA: A SEP may give you A 2017 tax and retirement saving

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one. A SEP…
Social Media Strategy

5 questions to ask yourself about social media

Social media can be an inexpensive, but effective, way to market a company’s products or services. Like most businesses today, you’ve probably at least dipped your toe into its waters. Or perhaps you have a full-blown, ongoing social media…
interruption insurance

Benefits of Business Interruption Insurance

Natural disasters and other calamities can affect any company at any time. Depending on the type of business and its financial stability, a few weeks or months of lost income can leave it struggling to turn a profit indefinitely — or force…
backing up

Are You Backing Up Your Quickbooks Data?

We all know it’s important to back up our files, but in many cases, it takes a crisis to drive the point home. Are you backing up your Quickbooks data regularly? Here are a couple of cases in which experienced bookkeepers learned this lesson…
bonus depreciation

Claiming bonus depreciation on your 2017 tax return

With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances bonus…
tax credits

These 2 tax credits may reduce your 2017/18 tax bills

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and…

Expenses Under the TCJA May be more Expensive

Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain business expenses. Two expense areas where the Tax Cuts and Jobs…
Light a beacon to your business with a mission statement

Writing an Effective Mission Statement for your Business

Every company, big or small, should have a mission statement. Why? When carefully conceived and well written, a mission statement can serve as a beacon to the world — letting everyone know what the business stands for and where it’s headed.…
Pass through business

New Tax Law: Pass-through Businesses Deduction

Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA), C corporations aren’t the only type of entity significantly benefiting…

Can you Deduct Home Office Expenses?

Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a home office deduction. Changes under…