Mid Year Tax Planning for Small Business

Summer is in full swing and taxes may not be highest priority. That is a mistake! The mid-point of the year is the perfect time to look at the big financial and tax picture of your business and take action to save taxes. If you wait until the end of the year, there...

How the New Tax Laws Affect Small Business

The new tax law, known as The Tax Cuts and Jobs Act (TCJA), is a major overhaul of the US tax system. Don’t kid yourself—It is complex.  Small business owners owe it to themselves to get informed on TJCA in order to better manage the cash flow of their business. In...

Tax Questions About A Second Home

The warm fun days of summer have begun. Your summer dreams may include a “second vacation home”. So what kind of tax questions should I have about a second home? What If the Home is Mostly Used by the Owner? If the “second home” is rented out for 14 days...

5 Tax Credits Overlooked by Small Business

Small business owners are busy people. In the mist of a 50 to 70 hour work week, it is easy to overlook the tax credits they are entitled to. Here is a list of 5 tax credits commonly overlooked by small business: 1) Credit For Pension Plan Start Up Costs If you...