Accounting, Bookkeeping, & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

Getting depreciation right is crucial for your small business, as it directly reduces taxable income and impacts your cash flow. Use this guide to learn ho [...]
Many small business owners are surprised to discover that their tax bill doesn’t always match the cash they received. If you’re a partner in a partnership [...]
Both offer liability protection and unique tax advantages, but they diverge significantly in terms of ownership structure, management complexity, and growt [...]
Because the IRS closely monitors this area, failing to pay a reasonable salary is one of the most common triggers for an audit of S corporations. This guid [...]
This move can unlock thousands of dollars in tax savings each year while also positioning your business with a stronger financial infrastructure that suppo [...]
The answer is yes, but the path to maximizing this deduction requires careful planning, strict compliance with IRS rules, and a long-term strategy. This gu [...]
Electing S corporation tax status can unlock meaningful savings and signal a new stage of professionalism in your business. It also introduces stricter com [...]
Selecting the optimal entity has numerous benefits and can make a positive impact immediately. For example, small business owners can cut their tax burden [...]
Despite its popularity, many entrepreneurs, freelancers, and small business owners find QuickBooks features to be overwhelming, pricing too expensive, or s [...]