Hobbies, For-Profit Activities and Deductions
The IRS will look at several aspects and issues before determining if your hobby is a for-profit business. Read all about it in this Business Tip.
Quickbooks Tip: Receiving Inventory With or Without Bills
Quickbooks’ tools can help you document received inventory and can help prevent you from recording the same items twice. Learn how in this Business Tip.
Home Office Deduction Rules Get a Remodel
Who is eligible for a home office deduction is still complicated, but how the deduction is calculated has become easier. Read more in this Business Tip.
Tax Tips for the Well-Traveled Businessperson
Many business travel related expenses are deductible, but there are rules that you must follow. Read all about it in this Business Tip.
Quickbooks Tip: How to Create a Progress Invoice from an Estimate
QuickBooks’ progress invoicing feature will let you bill customers for one segment of a large project as they come. Learn how in this Quickbooks Tip.
Compensating Yourself with Cash
Business owners: Paying yourself and your vendors with cash? It may not be such a good idea. Read all about it in this Business Tip.
White House Delays Employer Health Insurance Mandate
The White House delays employer health insurance mandate until January 1, 2015. Read more in this News Flash.
Tax Tips for the Self-Employed
Being self-employed is liberating, but it comes with increased tax responsibilities. It may be time to find an accountant. Learn more in this Business Tip.
Using Small Business Administration (SBA) Loans to Raise Capital for Your Business
The Small Business Administration generally does not loan directly to businesses, but guarantees loans provided by banks. Read more in this Business Tip.
Rabbi Trusts
A rabbi trust helps protect employees’ deferred compensation by holding the plan assets apart from the corporation. Read more in this Business Tip.