Category Archives: Cost-Savings Tips

Time Matters with Tax Refunds: Don’t Miss Out!

If you have not yet filed your 2015 tax return and have a refund coming, time is running out! There is no penalty for filing a late return that qualifies for a refund!  The IRS estimates over a million Americans … Continue reading

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5 Fall Projects to Refresh Your Financial Results

As we move into the fall season and the final quarter of the year, it’s a perfect time to commit to a project in your business that will help you reach the year’s end in better shape.  Here are 5 … Continue reading

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Most Overlooked Tax Deduction

Article Highlights: What Is IRD? Why Is There an IRD Deduction? How to Recognize If One Exists What to Do If an IRD Deduction Is Suspected One of the most overlooked tax deductions is what is referred to as the … Continue reading

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Budgeting Breakthrough

When you hear the word “budget,” what do you think about?  Most people would say something similar to “Ugghh!” If you would rather do just about anything besides create a budget, you’re not alone.  The word “budget” brings up connotations … Continue reading

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Equifax Survivors

By now, I am sure you are aware we have experienced one of the most significant identity theft breaches our country has ever seen.  Stolen information includes names, social security numbers, birthdates, addresses, and driver’s license numbers.  This type of … Continue reading

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Did You Collect the Needed W-9s?

Article Highlights: The IRS Form W-9 is used to obtain independent contractors’ tax ID numbers. Tax ID numbers are required when filing 1099s. 1099-MISCs must be issued to independent contractors that are paid $600 or more during the year for … Continue reading

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9 Tips All Business Owners Should Follow

Business owners are experts in their industry. You know your products and services well – better than the competition. You know how to reach those customers, too. But, managing what’s behind the scenes isn’t always as easy. With the right … Continue reading

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Tax Breaks for Hiring Your Children in Your Family Business

Article Highlights: Child Under the Age of 19 or a Student Under the Age of 24 Kiddie Tax Tax on a Child’s Earned Income Deduction for the Business Employment Taxes IRAs and Retirement Plans You might consider hiring your children … Continue reading

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Top 4 Mistakes By Small Business Owners

Article Highlights:  Reporting employees as independent contractors Not reconciling bank accounts regularly Forgetting to record payments against open invoices Not understanding the differences between cash flow and profit When you decided to open for business, you had a vision for … Continue reading

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2 Driving Records?

Did you know that professional truck drivers have TWO driving records? One is their Motor Vehicle Report (MVR), like we all have.  In addition, they have a second record called CSA (Compliance, Safety & Accountability).  Their MVR affects their license … Continue reading

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