May 03 HR & Payroll Goals for Small Businesses
Because small businesses often have limited assets, it's vital that they prioritize their human resource objectives. Staffing, budgeting, legal compliance and outsourcing are top goals to consider....
Mar 02 Will Your Small Business Be Audited?
Are you worried about the likelihood of your business being audited by the IRS? If so, there are a lot of preventive red flags that you can keep an eye out for when looking to protect your business from being the focus of an audit....
Jul 01 How Small Business Owners Can Deduct Home Offices
The home office deduction allows qualified taxpayers to deduct certain home expenses when they file taxes. But it's fraught with confusion. To claim the home office deduction on your tax return, you must exclusively and regularly use part of your home or a separate structure...
Nov 11 CARES Act – Small Business Update
The newly enacted CARES Act provides for forgivable small business loans. The maximum loan amount is 250 percent of average monthly payroll....
Feb 13 New Rules for Deducting Business Meals and Entertainment Under Tax Reform
Prior to the Tax Cuts and Job Acts, a business owner generally could deduct 50% of business related meals and entertainment expenses. Meals provided to an employee on the business premises for the convenience of the employer were generally 100% deductible. The new tax law...
Jul 13 Food Industry Trends and More: Notes from the Summer Fancy Food Show
Recently I had the opportunity to attend the Specialty Food Associations’ Summer Fancy Food Show in New York City. I was drawn to this particular show because we have many clients who are in the food and beverage industry. In addition, I am a “foodie”...
Jan 17 Moving Up from the Food Truck? Here Are Some Tax Topics to Consider
Starting a food business can be exciting and rewarding. Perhaps you've tested your concept by running a food truck, and now you're ready to move into a bricks and mortar location. Here are some tax planning tips you should take into account before making the...
Jul 08 Choosing The Right Accounting Software
When it comes to choosing the right accounting software for your business one size definitely does not fit all. With an onslaught of “boxed” bookkeeping packages to choose from it is critical to fully understand their offerings and limitations before committing to one over another....