We are amidst the 4th Industrial Revolution, and technology is evolving faster than ever. Companies that don’t keep up with some of the major tech trends run the risk of being left behind. Understanding the key trends will allow businesses to prepare and grasp opportunities. Here are the seven most imminent trends you need to […]
Even in the best economy your customers may be having financial problems that can hurt your firm. Here are some signs of trouble that should prompt you to act before it’s too late:
A healthy cash flow is an essential part of any successful business. Some business people claim that a healthy cash flow is even more important than your business’s ability to deliver its goods or services! Consider this: If you fail to satisfy a customer and lose that customer’s business, you can always work harder to […]
Your company has been chosen… You will receive a phone call or letter announcing the audit and, generally, the period being audited and which books and records to have available (you may be asked for more later on).
As a creative business owner, it can be overwhelming to do all the daily tasks on your own. I strongly recommend you evaluate if you should do the bookkeeping and taxes, or hire a professional.
The IRS on Tuesday issued a revenue procedure that provides a safe harbor for taxpayers under which a rental real estate enterprise will be treated as a trade or business for purposes of the qualified business income (QBI) deduction, (20 percent of qualified business income).Under the safe harbor, a “rental real estate enterprise” is treated as […]
Income Tax: Yes, you will owe federal income tax and state income tax if your state has one, just like other business owners. However, if you maximize available deductions you don’t have to pay tax on the full amount of your net income.