FYI: 2017 Tax Law Changes That Could Affect You

2017 calendar

After “Auld Lang Syne” plays to usher in a new calendar year, you can always bet on the government and the Internal Revenue Service making changes and adjustments to tax laws from the previous year. Some years see lots of changes, while others only endure minor adjustments to the federal tax code. Below is an […]

Employees vs. Contractors: What’s The Difference?

Should you hire employees or independent contractors to work in your small business?

Picture this: You’re a successful small business owner with a growing venture. You’ve reached the point where you simply can no longer handle everything on your to-do list each day. You’re now ready to hire some help. But should you hire talent as employees? Or, should you make your team members independent contractors? It’s a […]

Special Tax Concerns for Cash Businesses

dollar signs

Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash doesn’t make a difference in terms of income taxes; cash transactions are reported as any transactions by check, credit card, or electronic transfer. However, there are some unique issues that those […]

How to Hold a Fully Deductible Halloween Party

(Paid) Man at work in Halloween costume

BOO! Halloween is almost here. If you operate your own small business and throw a Halloween party for the benefit and enjoyment of your employees and contractors, you can fully deduct the following business party necessities when filing your business taxes with the IRS: – Halloween party location It might be cheaper to hold a […]

5 Small Business Bookkeeping Tips for New Business Owners

Saving and organizing receipts for business expenses is an excellent way to be successful at small business bookkeeping.

Raise your hand if you absolutely love handling your small business bookkeeping requirements. There sure aren’t many hands up – and that’s pretty common. Documenting all payments, expenses, deposits, and withdrawals can make your head spin. The good news is that there are some easy ways to simplify this process. Consider these small business bookkeeping […]

Is Your Small Business Ready for Mobile Payments?

Guest article by Rieva Lesonsky Mobile technology is reshaping the world of business, but how will it reshape the world of payments? The majority of small business owners are very open to adopting mobile payments in their businesses, according to a December 2014 study by Rocket Lawyer. More than six in 10 small business owners say […]

How to Improve Your Working Capital Management for Business Success

dollar signs

Guest article by Carl Faulds The effective management of working capital can mean the difference between success or failure for a business – and particularly for entrepreneurial start-ups and SMEs in highly competitive sectors. But how exactly does one define working capital – and how can it be managed to best advantage? Put simply, working […]

New Technology Can Help Small Businesses Thrive

Only half of U.S. small businesses survive more than five years, according to the U.S. Small Business Administration. This data underscores that small business ownership is no cakewalk. Beyond the classic entrepreneurial challenge of making and sustaining a profit, small business owners now struggle to find time and resources to adapt to new technology, say […]

1-800Accountant Forms Collaboration with Sam’s Club to Offer Members a Dedicated Accountant

1-800Accountant, the nation’s leading tax and accounting firm specializing in small-business, has teamed up with Sam’s Club, a leading membership warehouse club. This joint effort offers Sam’s Club members access to a dedicated accountant. 1-800Accountant’s unique dedicated accountant model gives all members access to one individual accountant. This single point of contact makes it easy […]