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Entertainment, Tax Reform, and Your Company's Bottom Line

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Every business has to pay for at least some meals and entertainment as part of getting or transacting business. Being able to deduct these often-necessary business expenses is part of many companies' financial plans. But recent changes in the tax code made some surprising alterations to what you can expect to get as a tax break.

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Preparing Your Small Business for an Audit

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An audit can be a frightening experience, but it doesn't have to be. Though an IRS audit may involve some additional work, the IRS generally wants to work with you as a business owner. As long as any mistakes were truly mistakes, the IRS will likely just fix your issues for you and make some suggestions moving forward. Still, for the best possible outcome, you'll want to prepare in advance.

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Filing Taxes Asa Self-employed Person? Bring These 5 Things

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While few people enjoy the act of preparing their income taxes, self-employed taxpayers have an even larger challenge. Not only is there more involved in filing as a self-employed person, but you also may not even know what you need to bring to the interview with your accountant.

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Earn More and Save Time With a Chart of Accounts

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Most small-business owners don't know what a chart of accounts is or why it's a helpful financial tool. But if your business is growing and you are planning for the future, this simple bookkeeping idea can help you reach many financial goals. Here's why.

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