The Tax Cuts and Jobs Act that was passed last year included a new tax credit for employers that allows them to claim a credit based on wages paid to qualifying employees while they are on family and medical leave. To qualify for the credit, an employer must have a written policy that provides at…
Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common mistakes. Yet, even simple small business accounting mistakes can prove to be financially limiting and costly down the road. With the help of an accounting professional, it…
In this episode of “Planning Priorities” Henssler Financial’s Chief Investment Officer, Troy Harmon, CFA, CVA, explains the three ways a privately held business can be valued.
When you sell your business to a family member, your objective may be to keep the business within the family and make it as easy as possible for your relative to make the purchase. When you sell your business to nonfamily, however, your primary objective may be to get the highest possible price for the…
You know you should have a budget. You’re aware that it can help you stay on track with your company’s income and expenses throughout the year. Maybe you’ve even tried to make one before, but you got discouraged by the mechanics or by the difficulty of estimating money in and out for the next 12…
The good news: Home-office deduction is still allowed for self-employed taxpayers. The bad news: It’s no longer available for employees, at least for 2018 through 2025. Read all about the changes in this week’s Business Tip.
We tease that the Tax Cuts and Jobs Act was the employment act for accountants…it’s funny because it’s true, especially when it comes to choosing your accounting method for businesses. Find out why in this week’s Business Tip.
You might just think invoices are so you can get paid, but your accounting forms also contribute to your business’s image. We explain how you can personalize them in this QuickBooks Tip.
How do you determine if the world of self-employment is a pipe dream or an idea worth pursuing? We list out some advantages and disadvantages in this week’s Business Tip.
Have you “migrated to the cloud?” No, not your family photos or back up files—your small business accounting! Learn more in this week’s Business Tip.
