Tax & Bookkeeping Hacks for Entrepreneurs

Yep, you can write that off! We’re here to help you maximize your profits, minimize your tax liability, and tap into the right tax deductions for your small business.

As a business owner you wear A LOT of hats. Operations, marketing, business development, and the list goes on. With all that hard work, I’m sure one of your goals is to earn a healthy profit. Which is awesome!! There’s just one small problem… when you earn a profit, you also earn the fun requirement […]

Tax Deductions

10 Crucial Tax Write-Offs

As we approach the holiday season, you may be thinking about sending gifts to some of your clients. Or maybe you would like to thank your employees and contractors with a little year-end gift. As a business owner and leader this is a great way to build lasting relationships and team morale! So let’s walk […]

Tax Deductions

Are Gifts a Write-off?

The Tax Cuts and Job Act, which was signed into law back in December 2017, has many incentives for small business owners. One of the big advantages includes increased depreciation benefits. Keep reading to learn about the 3 key depreciation perks you need to know about. 1. Bonus Depreciation Tax reform increased bonus depreciation from […]

Tax Deductions, Tax Reform

3 Depreciation Perks

New tax-related scams come to light every year… and unfortunately, this year is no different. So far in 2022, the IRS has identified thousands of fraudulent domains tied to text scams, known as smishing. Smishing campaigns target mobile phone users, and the scam texts often look like they’re coming from the IRS, with fake messages […]

Business Tips

How To Avoid Tax Scams

A question we hear all the time is “Should I invest into a Traditional IRA or a Roth IRA?“. What’s the difference between the two? Is one better than the other? Hopefully this post will clear up the mystery! The “best” IRA is the account that leaves you with the most money in retirement. So […]

Savings & Retirement

Roth IRA vs. Traditional IRA

As part of the recently passed Inflation Reduction Act, the IRS has been allocated $80 billion over the next ten years. Yes, billion with a “b”! About half of those funds will be used for enforcement. And while the IRS has pledged that they will not use these funds to increase audits of small businesses […]

Business Tips

Will You Get Audited?

Did you know that approximately 93% of small business owners overpaid on their taxes over the past 12 years, based on a survey conducted for Forbes a few years ago? 93%!! Being a small business owner, freelancer, or independent contractor is hard enough – but it’s even harder and more expensive when you’re paying more […]

Tax Deductions

Top 6 Tax Deductions

Sales tax can be…. tricky. If you have a brick and mortar store it’s pretty simple. You generally charge sales tax on all of the products you sell and then remit that sales tax to your state each month or quarter. Easy. But what about if you have an online store and sell to customers […]