General Overview of Business Deductions Business expenses are the cost of carrying on a trade or business, and there may be some tax breaks there. But a lot has changed in recent months, and the rules can be complicated. Are there business deductions you can take advantage of? Yes, but first you have to […]
The Life of an Estimate in QuickBooks Online
Estimates—or quotes, or bids—are useful tools when you’re pitching a sale of products or services. Here’s how QuickBooks Online handles them. Sales estimates are standard procedure in many professions. You wouldn’t authorize a car repair without one. Nor would you OK a remodeling job on your kitchen or a summer’s worth of yard landscaping without […]
4 Areas to Consider When Transitioning Employees to Working From Home
For businesses that haven’t traditionally embraced remote employees, it may be difficult to get up to full speed with the current turn of events. To make the inevitable transition less overwhelming, we assembled a handy checklist of actions to consider while adjusting to the new workplace reality. Organization Access your staff members and/or roles that […]
Foreign Investments and the Foreign Tax Credit
To many people, foreign investments are very attractive. However, when calculating the potential dual-country tax liability, the blush fades from the rose. That’s especially true in many quasi-socialist countries, like France, the UK, and Spain, where taxes are quite high. Fortunately, the Foreign Tax Credit offers a great deal of relief. Expat or domestic taxpayers […]
How to Improve Your Cash Flow
Slow paying customers, seasonal revenue variations, an unexpected downturn in sales, higher expenses — any number of business conditions can contribute to a cash flow crunch. If you own a small business, you may find the suggestions that follow helpful in minimizing cash flow problems. Billing and collections. Your employees need to work with clear […]
Finding the Right Accountant to Successfully Guide You Through the Tax Maze
Choosing an Accountant Who Puts Your Goals First There is an endless supply of do-it-yourself tax preparation tools and websites, and the sheer volume of options can lead you to believe the process of filing your returns is simple. However, a DIY approach only works if you are satisfied with paying more than necessary. Tax […]