2015 Tax Information That Affects You

  It’s that time of year again. The dreaded tax season is upon us. Thankfully, I do not prepare tax returns or do anything of the sort. In fact, I try to stay as far away as I can from giving tax advice. My joy and expertise is in management accounting and growing businesses. That…

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Do You Pay Others for Services?

  I want to make sure if you are paying others to work for you in any capacity that you know how to pay them properly. The IRS is very strict when it comes to paying others for services. They want everyone to be an employee so that you will be paying payroll taxes into…

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Business Car Expense

Do You Use Your Car in Your Business? – It Could Save You a Ton of Money

  Another question I get asked a lot is, “Can I deduct the cost of my vehicle on my tax return?” The short answer is “Yes” if you use it for business purposes.  You have two options to choose from, you can keep track of actual expenses incurred in maintaining and operating your vehicle OR…

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Write Yourself a Paycheck

Do You Write Yourself a Paycheck?

When you work for an employer, you look forward to payday on a schedule. You may get a paycheck every two weeks or twice a month. The great thing is that you KNOW when that next paycheck is coming. When you own your small business, paydays do not come as consistently. Many sole proprietors ask…

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