Investing in residential rental properties raises various tax issues that can be somewhat confusing, especially if you are not a real estate professional. Some of the more important issues rental … [Read more...] about Renting Residential Real Estate — A Tax Review for the Nonprofessional Landlord
Not Using QuickBooks Online? What You’re Missing Out On
If you dread every minute of the time you spend on accounting, you should know how QuickBooks Online can change your outlook. How long would it take you to determine: What your total expenses for … [Read more...] about Not Using QuickBooks Online? What You’re Missing Out On
Take Advantage of Your Financial Statements
Financial statement information is most useful if owners and managers can use it to improve their company's profitability, cash flow, and value. Getting the most mileage from financial statement data … [Read more...] about Take Advantage of Your Financial Statements
6 Key Facts About Excise Taxes
Everyone knows about income taxes and sales taxes, but we tend to forget about excise taxes, because they're not obvious. Click through for an introduction to this important class of taxes, and see … [Read more...] about 6 Key Facts About Excise Taxes
The Rules for Meal and Entertainment Deductions
A lot of business gets done outside of the office -- over lunch, on the golf course, etc. The tax law allows deductions for business meal and entertainment expenses only if specific requirements are … [Read more...] about The Rules for Meal and Entertainment Deductions
Know the Tax Regulations for Reimbursing Employee Business Expenses
Any employer reimbursing its employees for business-related expenses should consider whether the reimbursement arrangement meets the IRS's requirements for an accountable plan. Having an accountable … [Read more...] about Know the Tax Regulations for Reimbursing Employee Business Expenses