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As the conclusion to 2016 quickly approaches many business owners begin taking steps to sensibly lower their 2016 tax bill. December 31st can be as impactful a day for businesses as April 15th is to common tax payers as this marks the deadline for businesses trying to reduce what they owe for their 2016 income tax returns.[…]
Read MoreThere’s no way to plan for a disaster, but did you know that the tax code will allow you to claim certain tax deductions for household damage due to hurricanes, floods, thefts, and vandalism? Obviously, good records will need to be kept and more paperwork necessary to fill out, but in most instances you’ll be[…]
Read MoreWith the end of summer and start of the school year, determining what expenses qualify for the Child and Dependent Care Credit can save you money come tax time. The Child and Dependent Care Credit applies to expenses incurred for the care of a child, spouse, or dependent while you (and spouse if filing jointly)[…]
Read MoreThe U.S. Small Business Administration ranks disagreements among partners as one of the top reasons why general and limited liability partnerships fail. In the case of financial reporting, these small business partnership disputes often center on compensation, access to records, accounting irregularities, breach of fiduciary duties and misrepresentations. They may even involve allegations of fraud.[…]
Read MoreBeing an entrepreneur of a successful business is a great achievement. However, according to multiple business sources, about 90 percent of startups fail. There are many reasons why businesses fail, but there are also ways to help prevent the collapse of your business. Poor accounting is a major problem among many startups. Typically, this type of accounting leads[…]
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