Small Business

Do You Qualify for an ERC?

Employee Retention Credit (ERC) is a refundable tax credit that was developed in response to the COVD-19 pandemic and following economic...

Owe back taxes to the IRS and not sure what to do?

When you have an outstanding tax liability it can be overwhelming, especially if you owe a lot or the liability was unexpected. And...

Meals & Entertainment -- What's Deductible?

Many of the finer points of the Tax Cuts & Jobs Act are still being ironed out, with final clarification not expected until tax season...

Tax Cuts and Jobs Act of 2017- How Does It Affect You?

Well, it’s finally here. The Tax Cuts and Jobs Act of 2017. I just want to clarify what some of the more relevant changes are for the...

What Does the Tax Reform Really Mean?

There's a lot of news coverage on the proposed tax reform, and I wanted to offer some insight from a tax preparer's point of view....

Deductions for Small Business Owners

Small business owners are always asking me what expenses they can deduct on their taxes. My first answer is everything related to the...

Don't Underestimate the Value of a CPA

These days, many business owners are able to be their own bookkeepers due to the “friendliness” of modern accounting software. This is...