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Year end bonuses is a concept that many business owners struggle with, due to the economic climate. However, it’s well worth the reward if you take the chance of showing how much you appreciate your employees. They are a great way to inspire loyalty as well as establish a sense of value and worth – something[…]
Read MoreWith the holidays upon us, there are severals reasons why you should purchase gifts for your employees, associates and customers. For instance, gifts can strengthen business relationships, open new opportunities and say thank you for a job well done. However, there is one reason, in particular, that proves to be extremely beneficial: tax deductions. Under certain tax rules, all or[…]
Read MoreAs a small business owner, you are probably aware that the IRS allows you to write-off 50 percent of meals and entertainment as expenses every year. These types of events can happen before, during or after business hours with either your employees or your clients. However, with entertainment being such a large category, it’s hard to[…]
Read MoreIf you are looking to reduce your spending and increase your savings on back-to-school shopping, now is a great time to take advantage of tax credits to manage your finances. There are a few ways to save, including state funded tax holidays, personal budgeting and government education credits. Here, we’ve laid out five back to[…]
Read MoreBetween the stress of tax season and the rush of the holidays, summer can seem insignificant to small business owners. Take some time to benefit your business and maximize your tax deductions in the process. The Internal Revenue Service (IRS) approves of the following deductible summertime expenses. Client Entertainment If you operate under the “ABC: Always[…]
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