Every year we come upon the end of the year and everyone expects you to spend Thanksgiving being thankful for everything in your life. That is not a bad thing […]
business
Nexus: It’s Not An Expensive Japanese Automobile
Nexus is a word that seems to be thrown around a lot lately. But what is it exactly. The definition may be as confusing as the word itself. NEXUS = […]
Bonus And Gifts – Are They Taxable?
It is that time of year when most businesses give bonuses to their employees. So how do you account for them? Bonuses that are given in the form of money […]
Can a Medical Reimbursement Plan save you taxes?
Medical Reimbursement Plans are a great tax strategy for most businesses. Flexible Spending Accounts are a form of a Medical Reimbursement Plan. What a MERP does, is it allows a […]
The Good, the Bad and the Ugly of dealing with the IRS
Everyone panics when they get any correspondence from the IRS, even if it’s a good notice (yes, they do have those). The first step: Don’t Panic. The second step, don’t […]
When did you know without a doubt that you are in the right business?
I am a CPA, but I didn’t start out to do this for a living. My first degree was in Psychology; then I went back to school and got a […]
Taxing the Middle class
Most Americans do not choose to not have health insurance. Those who are in the lower income brackets are usually eligible for Medicaid, and those who work for larger businesses […]
Jack of all trades
I find it interesting that Entrepenurers in general seem to have the idea they have to be an expert in every part of their business; from how to clean the […]
Vitamin C deficiency – Cash, Capital, and Customers
Does your company have a Vitamin C deficiency? Daymond John from the Shark Tank defines this as having a lack of CASH, CAPITAL AND CUSTOMERS. I feel this can define […]
1099’s: why, when and how many
Each year I get the question why should I file 1099’s? The fact is they are required by law. This form is often associated with independent contractors however it could […]