Research credit can offset a small business’s payroll taxes

Research credit can offset a small business’s payroll taxes Does your small business engage in qualified research activities? If so, you may be eligible for a research tax credit that you can use to offset your federal payroll tax bill. This relatively new privilege allows the research credit to benefit small businesses that may not […]

November 20, 2017


Minimize inventory, services to make your financials shine

Minimize inventory, services to make your financials shine Your business financials — where they stand currently and where they might be going next year — are incredibly important. Obviously, sales and expenses play enormous roles in the strength of your position. But a fundamental and often-overlooked way of making your cash flow statement shine is […]

November 16, 2017


Retirement savings opportunity for the self-employed

Retirement savings opportunity for the self-employed Did you know that if you’re self-employed you may be able to set up a retirement plan that allows you to contribute much more than you can contribute to an IRA or even an employer-sponsored 401(k)? There’s still time to set up such a plan for 2017, and it […]

November 15, 2017


How to maximize deductions for business real estate

How to maximize deductions for business real estate Currently, a valuable income tax deduction related to real estate is for depreciation, but the depreciation period for such property is long and land itself isn’t depreciable. Whether real estate is occupied by your business or rented out, here’s how you can maximize your deductions. Segregate personal […]

November 14, 2017


How profitable are your customers?

How profitable are your customers? “We love our customers!” Every business owner says it. But all customers aren’t created equal, and it’s in your strategic interest to know which customers are really strengthening your bottom line and by how much. Sorting out the data If your business systems track individual customer purchases, and your accounting […]

November 9, 2017