A September 2024 report by the U.S. Chamber of Commerce entitled The Impact of Technology on U.S. Small Business found some very interesting … Read more about Writing Off the Cost of AI, Metaverse, and Other Technology
Budgeting for 2025: Practical Ideas to Consider
With the third quarter of 2024 complete, now’s the time to begin the budgeting process for 2025. The Chief Executive says “Budgeting is always … Read more about Budgeting for 2025: Practical Ideas to Consider
Predicting Future Expenses as a Small Business Owner
Financial forecasting is a vital skill for small business owners. It helps predict your future expenses, ensuring you have steady armor to face … Read more about Predicting Future Expenses as a Small Business Owner
Financial Literacy for Entrepreneurs: Key Concepts to Understand
Financial literacy is indispensable for entrepreneurs striving to build and sustain successful businesses. Understanding key concepts, such as cash … Read more about Financial Literacy for Entrepreneurs: Key Concepts to Understand
What Payment Methods Do You Use for Your Obligations?
You have to pay the rent, make payroll, deposit taxes, pay vendors, and more. You want to do this in the most efficient way, meaning you want to … Read more about What Payment Methods Do You Use for Your Obligations?
3 Tax Strategies for Start-Ups
Companies starting out have a lot of expenses but little if no revenue. How do you handle this dilemma? Hopefully, a start-up has raised sufficient … Read more about 3 Tax Strategies for Start-Ups
Ways to Simplify Tax Recordkeeping
To claim deductions and credits for the business expenses you incur, you must have certain records, including the amount of your outlays. Without good … Read more about Ways to Simplify Tax Recordkeeping
Strategies for Handling the Little Expenses
With inflation still prevalent, those nickels and dimes, or $5 and $10 expenses, may not seem so important. But they can add up. Just $10 a month is … Read more about Strategies for Handling the Little Expenses
Inflation Help: 25 Ideas on Cutting Business Expenses
Inflation is making it costlier to do business. Many small businesses are reluctant to raise prices or hike them high enough to maintain their profit … Read more about Inflation Help: 25 Ideas on Cutting Business Expenses
Helping Employees Pay Business Expenses
If your employees pay for some business expenses, they’re going to be in for a big surprise when they file their 2018 returns in 2019. They won’t be … Read more about Helping Employees Pay Business Expenses
Accountable Plans Revisited
Accountable plans are an IRS-approved way to reimburse employees for various business expenses in a tax-advantaged manner. Everyone wins … employees … Read more about Accountable Plans Revisited
Which Legal Fees Are Deductible?
“Lawyers are seldom loved but often needed,” according to Robert B. McCay, who was a former dean at NYU Law School. In the course of your business … Read more about Which Legal Fees Are Deductible?
