Tax Planning

What is the difference between tax planning and tax preparation?  It really is about timing.  Tax preparation is the result of a combination of a year’s work and planning or the lack of planning down during the year.  In short, planning is what you do...

The Case for QuickBooks Online

Regardless of the size of the business, certain tasks are required. One of the most important is the basic bookkeeping function. Often small businesses hire outside accounting firms to manage this function, which is wise.  These relationships work best when...

Tax Scams

Tax scams are so prolific that the IRS regularly sends tips out about them.  This isn’t surprising.  One of America’s most notorious bank robbers, Willie Sutton reportedly responded to a reporter’s question about why he robbed banks, “because that’s where...

Employee vs Contractor

I have often encountered the small and growing business owner who needs help but doesn’t want to manage employees.  Quite often, the business owner decides to pay workers as contractors and not worry about all the problems inherent in managing payroll.  This...

Business Junk Mail

As a business owner, I am constantly receiving offers to loan me money or sell me the latest solution to a problem they are certain that I have and they can solve, even though they have never met me.  This is amazing to me.  I see the same thing on...