How to Keep Control Over Inventory
Many businesses need to have some inventory available. But having too much inventory is expensive, not just to purchase but also to store, safeguard and insure. So, keeping your inventory as lean as possible is critical. Here are some ways to trim the fat from your inventory without compromising revenue and customer service. Where to […]
Get a Jump on Tax Planning
Summer is a good time for some tax planning that could lower your 2024 tax bill. Since the passage of the Tax Cuts and Jobs Act, which increased the standard deduction, fewer people benefit from itemizing deductions. You can use this IRS Interactive Tax Assistant to find your 2024 standard deduction. If it’s looking like your itemized […]
How to Deduct Business Travel
Before traveling for business, it’s important to know what’s tax deductible. Through 2025, employees aren’t permitted to deduct unreimbursed business expenses, including travel expenses, but self-employed people may deduct business travel expenses on Schedule C. Businesses may deduct employees’ travel expenses if they provide advances or reimbursements to employees or pay the expenses directly. For […]
7 Best Practices for QuickBooks Desktop
Every profession has its own set of best practices. These are simply guidelines for how employees should be doing their jobs and what steps management should take to ensure the best outcomes. They’re not set in stone. In fact, they can vary from business to business, and they tend to change over the years as technology […]
Tax Due Dates for
Feature Articles
Tax Tips
- Seniors: A Tax-Wise Alternative to Selling Your Appreciated Home
- Use It or Lose It: Your 2024 Gift Tax Annual Exclusion
- Recovering Lost Documents and Receiving Tax Relief After a Natural Disaster
- An IRA Withdrawal Strategy with Tax-Reducing Power
- Factoring the QBI Deduction into Year-End Tax Planning for Your Business
QuickBooks Tips
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.