When should you hire a bookkeeper?

Are you doing the bookkeeping for your business yourself? Do you enjoy doing the bookkeeping? Do you really know what you are doing? Oftentimes, small business owners do the bookkeeping themselves. And the reason is usually the same: to save money. But what most...

Top 5 Confusing Business Deductions

As a bookkeeper, I am often asked where to code or classify specific business expenses. As always, it may depend on what your tax professional says, however, here are my recommendations for 5 of the most common expenses. 1. Business Cards: Supplies, Legal &...

5 Red Flags for a Sales Tax Audit

Most business owners stress about their income taxes and ::gasp:: if they will get audited. Many however, don’t think about the possiblity of a sales tax audit. Maybe they don’t know that businesses are frequently audited for sales tax. Maybe they just...

Tax Deductions For Your Home Office

          Running your business from home has several advantages. One is is that you can deduct certain items as an expense on your taxes for the year! Here, we will take a look at what the IRS considers to be a home office, which...