QuickBooks Tip: Working with Downloaded Transactions
QuickBooks Online does more than simply download financial transactions: It lets you define them in greater detail. We explain in this QuickBooks Tip.
Loophole for Specified Service Businesses to Qualify for the 20 Percent Tax Deduction
You heard the headline that “service businesses” weren’t eligible for a 20% deduction on pass-through income, however, you can still get the deduction if your joint taxable income is less than $315,000. We explain in this Business Tip.
In the News: Loophole for specified Service Businesses to Qualify for the 20 percent Tax Deduction
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that some “specified service or trade businesses” can still qualify for the 20% deduction on qualified business income. Read the Article
Employee vs. Independent Contractor – Tips for Business Owners
Employers who misclassify workers as independent contractors can end up with substantial tax bills
and face penalties for failing to pay employment taxes and not filing the required tax forms. Read more in this week’s Business Tip.
Business Owners: Equalizing Estate Distributions to Your Children
When a closely held business is involved, it can be challenging for parents to achieve a distribution of their assets that is equitable. Learn why in this week’s Business Tip.
The Ultimate Cheat Sheet on Growing Your Business
Key Performance Indicators help business owners know how their company is performing, and they can be used as a guiding point for every decision made within the company. We explain in this week’s Business Tip.
Should You Buy Your Own Office Space?
Considering buying your office space? Consider the tax benefits, potential rental income, and your need for room to grow before you purchase. Read all about it in this week’s Business Tip.
A Beginner’s Guide to Bookkeeping
Before you spend sleepless nights crunching numbers for your business, understand the basics of bookkeeping. Learn more in this Business Tip.
Quickbooks Tip: Creating Customer Statements in QuickBooks
QuickBooks statements provide an overview of every transaction that has occurred during a specified period of time. Learn more in this QuickBooks Tip.
Hiring The Right Employee Can Get You A Big Tax Credit
Hiring a disadvantaged individual can be a win-win situation thanks to the Work Opportunity Tax Credit.