Summer is just around the corner, so you might be thinking about getting some vacation time via domestic travel. If you’re self-employed or a business owner, you have a golden opportunity to combine a business trip with a few extra days of vacation and offset some of the cost with a tax deduction. But be careful, [...]
Few businesses today can afford to let potential buyers slip through the cracks. Customer relationship management (CRM) software can help you build long-term relationships with those most likely to buy your products or services. But to maximize your return on investment in one of these solutions, you and your employees must have a realistic grasp on [...]
Before graduating in December, I had worked as a work/study at a large accounting firm; however, I was not on the tax side of things. I had worked two tax seasons at that firm, and I always heard about the hours they worked – thinking, “eh, it can’t be THAT bad.” My mindset of that completely [...]
There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art review process overwhelming.The simple truth is that smaller companies may not need to exert much effort on a complex approach. Sometimes a simple conversation between supervisor [...]
There are many ways to pay for college these days. If your grades are high enough in high school, you can earn a scholarship to a local community college for two years. If they are excellent and you have a robust extra-curricular resume, you might even receive awards from the university of your choice. There [...]
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business expenses and deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies and certain other expenses.Some expenses are detailed in the tax code, but the general rule is contained in [...]
Top Nine Challenges to Passing the CPA ExamStudying for the CPA exam is one of the most difficult things I have ever embarked on in my life. The material is not easy, but it’s not rocket science. What makes the CPA exam a challenge (with average pass rates well below fifty percent), is the sheer vastness [...]
