As the old saying goes, “Knowledge is power.” This certainly rings true in business, as those who best understand their industries and markets tend to have a knack for staying on top. If that person is a company’s owner, however, great knowledge can turn into a vulnerability when he or she decides to retire or […]
Using knowledge management to develop your succession plan Read More »
The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more businesses. Now the IRS has provided procedures a small business taxpayer can use to obtain automatic consent to change its method of
Choosing the right accounting method for tax purposes Read More »
In my opinion, when you mention the words quick and books together as in Quickbooks it doesn’t make sense. You see, when I go to complete my data entries it is never quick! That could be because receipts stay hidden in my purse for way too long! For those of you not familiar with Quickbooks, it is
Keyboard Shortcuts for Quickbooks Read More »
In part one of my series about real estate and the impact it has on your taxes, we discussed buying your first home and what new deductions, taxes, and pros/cons there are for buying a home. In part 2 we will discuss the impact selling your home will have on your taxes. Click Here for
Part 2: Life, Death, and Taxes – Selling Your Home Read More »
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