Small Business Finances to Help Your Seasonal Business As a seasonal small business, you know you have unique financial needs. Your business income ebbs and flows with the seasons. Peak season might generate steady streams of surplus, while the off season may bring in just a trickle. Yet, your business expenses don’t always adjust to

Summer Tax Preparation Will Put You Ahead of the Game Summer? Taxes? These two seemingly unrelated subjects have more in common than you might think. While most of us don’t think about taxes until the snow starts to melt, tax preparation doesn’t have to wait until early spring. In fact, it’s a good idea to

The IRS Will Be on the Lookout for These Mistakes During the 2018 Tax Season While the IRS audits just a small percentage of tax filers every year (less than 1%), getting audited can be a grueling experience. People who don’t file their taxes correctly and submit returns with “red flags” are more likely to

As An Entrepreneur You May Need A Business Exit Strategy When you start running a business, you probably don’t think about stopping. You think about growing, profiting, and building a brand. But almost every entrepreneur – regardless of how long they’ve been in business – is wise to think about an exit strategy. An exit

The Internal Revenue Service has advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Responding to many questions received from taxpayers and tax professionals, the IRS said that despite newly enacted restrictions on home mortgages, taxpayers can often still deduct interest on a home equity loan, home

We’re right in the middle of tax season. If you’re a small-business owner, then you’re looking to take every single deduction you’re entitled to. One deduction you don’t want to overlook is depreciation. As experts in in accounting and taxation for small businesses, we wanted to explain what depreciation is and how you can use it to reduce your tax burden by potentially thousands of dollars...