Should a Business Owner Keep Their Own Books?
Should a Business Owner Keep Their Own Books? I say yes, but know your limitations.
Recordkeeping Considerations for a Startup Business
Recordkeeping Considerations for a Startup Business – keep your receipts!
Financing a Small Business, Part 4 of 5: Don’t Spend Money Just to Get Tax Deductions
When financing a small business, it’s bad planning to do something just because it’s tax deductible
Financing a Small Business, Part 3 of 5: Tell Your Accountant Before You Spend the Money
Tell your accountant before you spend money on major purchases
ROBS Transactions – Be Very Careful of Using Retirement Funds to Start a Business
NOTE: I wrote this post in 2014, so be aware of its age. The advice is still good though – ROBS transactions are a bad idea. I have passed on working with a few clients through the years who were doing ROBS transactions within their business. Clients using ROBS transactions often have a hard time […]
Issuing 1099s to an Incorporated Veterinarian
Does a business need to issue a 1099 to an incorporated veterinarian for veterinarian services? The IRS says yes.
A “Standard Deduction” for Sole Proprietors?
Should sole proprietors get a “standard deduction” for business expenses rather than tracking actual expenses? I think this is a bad idea.