We know nobody really likes tax season. However, the work you do now could be the difference between saving money or spending money in March and April. It helps to have a good accountant, but if you wait until the last minute, a tax accountant can only fill out your tax filings according to what’s already happened.
Tax law isn’t static; it’s constantly changing. Deductions that were available last year aren’t available this year, the amount you can deduct changes, and there are even changes in how dependents work for deductions. We’re asked all the time about this, so here’s what you need to know about the three biggest changes to tax deductions in 2018.
You’ve grown your business, you take pride in a satisfied customer base, and you have increased profitability year after year -- what’s the problem with that? As the poet Biggie Smalls once so eloquently rapped, “Mo' money, mo' problems.” While it’s obviously the goal to succeed as a business, here’s how too much profitability can hurt your business -- and where you can get the help you need.
2018 is almost here, and it’s time to make New Year’s resolutions. In addition to your personal resolutions, it’s a great time to set smart goals for your professional life too.
Looking for inspiration? Here are five of our favorite small business resolutions for 2018.
It’s almost the new year. Before the holidays hit, make sure you’re ready for it by setting your budget for 2018.
Wondering where to start? These tips will help you set up a budget that meets your needs and will put you on track towards profit and growth.
At minimum, you’re probably closing out your books once a year. This is a necessary part of preparing to file your taxes, and it’s important to make sure that transactions are recorded in the right place at the end of each year.
However, most businesses close out their books every month. If you’re thinking about making the switch, here are three advantages of a monthly routine.
Many companies use holiday bonuses to reward high-performing employees, increase morale, and boost retention. However, bonus types and amounts vary across the board. For small business owners, it can be especially challenging to figure out a bonus schedule that accomplishes your goals at a price you can afford.
Wondering how to fit in holiday bonuses this year? Use the guide below to learn more about the different types of bonuses that employers commonly give out, and to find the type that's right for you. If you have more questions, your accounting firm can help you develop a plan that meets your goals for a price you can afford.
It’s almost the end of the calendar year, and taxes will be due before you know it.
If you’re considering filing for an extension this year, here are a few things you should consider before April rolls around.
Even if December doesn’t signal the end of your fiscal year, the upcoming calendar change is a common time for businesses to stop and ask, “have we had a good year?” Taking stock of your financials now will help you plan accurately for tax filing season. You’ll also get insight that will help you plan for 2018 as you go.
To evaluate your fiscal health, you’ll need to do more than look at just your cash flow or profit margins. Here are a few key performance indicators that will help you get a full picture.