Top Tips for Year-End Tax Saving Deductions
Every business wants to make money, but nobody likes writing large checks to the IRS. However, if you’re expecting a significant income before year end, you may want to consider creating more year-end tax saving deductions. Here are some strategies you can use: 1. Prepay for recurring expenses. Cash basis taxpayers can prepay and deduct […]
Reimbursements and Using An Expense Report
Small business owners tend to make the mistake of commingling their monies. Business and personal purchases are on the same credit card. Without a system in place, those blurred lines make the IRS question everything about your tax reporting.  Tax rules do not require a business to have an accounting plan. However, it is in your […]