Who’s Really in Charge of Your Checkbook?

Tax preparation is what most service business owners think of when it comes to taxes. They assume that they can just drop off a stack of receipts and some forms at tax time each year and their accountant or whoever is handling it can just magically find the optimal...

It’s Not How Much You Make, It’s How Much You Keep

I’ve spent many years working with service business owners and entrepreneurs as their accountant and trusted advisor.  In the beginning, I thought it was enough to help my clients by keeping sure their records were clean and accurate. I was wrong. I never learned...

How to Make Smarter Hiring Decisions

Hiring decisions and training new employees is one of the toughest jobs you face as a manager or business owner. Even when there are plenty of applicants, finding the right one is still time-consuming. Here are some tips for each stage of the process – from...

Does Your Mileage Log Travel the Distance for Tax Deduction?

The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim this deduction you must keep adequate records of actual miles driven. During an audit this is an often disallowed deduction, despite the fact...