In this past year, many people have decided to start their own small business from home. Running a business is challenging already, let alone trying to manage it from your living room by yourself. There are so many elements to… Read More
News
The Home Office Tax Deduction: An Overview
For reasons we’re sure you’re all familiar with by now, there’s a good chance you used your home as your office space in 2020 and will do so again in 2021. Using your home as an office space may mean… Read More
Overlooked Tax Deductions for Small Business Owners
The more tax deductions you make use of, the more money you will save. When small businesses partner with a CPA, they’ll be made aware of every write-off they could use. Most often, it’s small business owners who choose to… Read More
How Much Should You Save for Retirement?
Retirement is a dream of virtually every American. The time to start thinking about it is now. We all know that the sooner you start saving for retirement, the better. This is easy enough to understand. But a harder question… Read More
Traditional IRAs: 4 Early Withdrawal Penalty Exceptions
If you selected a traditional IRA (as opposed to Roth), one of the drawbacks you will have to contend with is a strict 10% penalty for early withdrawals. But, as strict as this rule is, there are a few exceptions… Read More
The 2021 Tax Deadline: What It Means for You
For most people, the holidays are one of the busiest and most stressful times of the year. For tax professionals, that honor goes to this time of year instead: tax season. Tax professionals don’t get a monopoly on being stressed,… Read More
The Day’s Work of a Bookkeeper
Knowing the daily tasks of someone in any given industry can be an enlightening view into how they price and time projects. A bookkeeper, for example, works with numbers day in and day out, particularly with accounting skills to help… Read More
Signs You Should Hire a Small Business Accountant
Your small business changes every year. In the world of small business ownership, change is the name of the game. Employees come and go. Profits stagnate or grow. As these changes take place, it’s important for small business owners to… Read More
The Best Reasons to Start a Personal IRA
We’re sure you’ve heard the cliché before: it’s never too early to begin investing in your retirement. But like most cliches, this is repeated so often because it’s true. The earlier you start to prepare for retirement, the more comfortably… Read More
The Most Challenging Aspects of Payroll
Without a doubt, one of the most difficult—and complicated—portions of business ownership is payroll. But, unless you hire a payroll service, it’s just something you have to do. As one of the leading experts in payroll in the Washington DC… Read More