The best in accounting tips & advice
If you are thinking about setting up a donor advised fund (DAF), it’s important to understand the tax implications. While DAFs offer many benefits, there are also some potential drawbacks to consider. Tax Deductions from Charitable Giving The biggest benefit of a DAF is the tax deduction you’ll receive for your charitable contributions. When you … Read more
“I think it’s the right time for a refinance. I’ve been in my home for 5 years and rates are still really low so there is no reason why I shouldn’t do it now.” But, that doesn’t mean that you have to do it as soon as possible if you don’t feel ready. You should … Read more
Online accessibility has been a hot topic over the last few years. Website owners making more and more aspects of their business websites more accessible has led to more sales and a better experience for those who might be facing some type of disability. Why is ADA Compliance Important? The Americans with Disabilities Act (ADA) … Read more
With it being tax season, many people turn to Quickbooks and TurboTax to complete their personal and/or business taxes. However, questions often arise with these Intuit tools that usually require the assistance of someone in customer support. How to Reach Quickbooks & TurboTax Customer Support There are a few different ways to reach customer support … Read more
If you operate a business, there is a good chance you’ve come across this question – is it better to own or lease various business assets? Things like equipment and real estate can be very costly, so some businesses may choose to lease these assets. Let’s look at specific reasons for this. Why Would a … Read more
As a relatively new industry, many CBD providers have questions about how to account for certain products and how to report those products on year-end taxes. The good news is that the IRS has released specific guidance on how to tax CBD products. What Category Does CBD Fall Under? CBD oil and other CBD products … Read more
It’s somehow already tax season in the United States and based on how taxes were handled by the IRS in 2021, many people are wondering if tax deadlines will be pushed out. The IRS is reportedly making changes to how tax filings will take place this year and has already made several other changes that … Read more
Starting a business comes with a few upfront costs. However, if you are starting a digital business, the costs will be vastly different from a traditional brick-and-mortar business. So, what are the expected costs of a digital business? Establishing A Business Entity One of the first steps in starting a business is establishing a business … Read more
Running a business comes with a variety of costs. Day-to-day expenses consume a monthly budget while annual licenses and certifications require a larger review of company finances to align with a yearly budget. However, there are a handful of ways you can start saving money for your business today. Work with An Independent Contractor An … Read more
There can be many costs associated with a startup. From business registration fees to obtaining necessary licenses to operate your business, you’ll run into a lot of costs before you even open your doors. Below are 5 of the most common expenses every new venture faces and why you should be prepared for them. Registration … Read more