“I need a bookkeeper but I can’t afford one. What can I do?” The short answer? Hire a bookkeeper anyway. Why you need a bookkeeper Books, records and the appropriate choice of entity are the backbone of a business that is prepared to be profitable and grow. If you are [...] Read more »
Counting Beans and Other Mortal Thoughts
Sure you can count your own beans, but do you really want to? Read more »
There is no such thing as an easy tax question
I get calls regularly from taxpayers across the country, because of my website and this blog. I have gone into gory detail on several different subjects, but it for some people it may not be enough. Sometimes people call me and expect me to resolve their complex tax issue over [...] Read more »
How to get every stinking tax deduction
So you wanna know the secret to getting every stinking tax deduction you are entitled to? Rule No. 1. Keep good records. It is as simple as that. Read more »
Hogs Will Be Slaughtered
S-corporations, sometime when you were setting up your business, you chose, or someone advised you to choose S-corporation as your business form. One advantage is they avoid the “double taxation” of the C-corporation; the government does not usually tax S-corporations. The S-corporation passes income through to you, a shareholder, and you pay the taxes [...] Read more »