Businesses can generally deduct their "ordinary and necessary" business expenses. But even if an expense is legitimate, it's not deductible unless it's adequately substantiated. Typically, substantiation requires proof of...
Most business owners know that sustaining a steady cash flow through the ups and downs of economic cycles is key to a business's long-term success. But when you're coping with an unpredictable economy and the many complexities of running a business, it's easy to...
With students headed back to campus, college finances are on the minds of many parents. This includes parents of students who have received scholarships and grants. Obviously, these funds help relieve some of the burden of paying for college. But you might be...
Good for you! You're planning and saving money for a financially secure retirement. But don't neglect the one factor that could make an important difference: the impact of taxes on retirement finances.Many retirees don't consider how taxes will affect their...
Most companies with more than one owner should have a buy-sell agreement in place. Here are some of the key considerations involved in developing this legal document. BENEFITS TO REAP A well-designed buy-sell agreement provides many benefits, including: • Keeping...
The median loss due to occupational fraud is $160,000 ($231,000 for privately-held companies.) In a recent study, 42% of victims were privately-held companies, and almost 40% of those cases involved companies with less than 100 employees. The vast majority...
As Certified QuickBooks ProAdvisors, we have experts on staff who have been tested and certified by Intuit on a range of QuickBooks products. We help clients get the most out of QuickBooks with a range of services, including setup, training and...