Small Business Tax Review May be in Order

The recent tax legislation addresses a number of tax credits and other provisions that impact small business. Planning your business’ tax bill is now more important than ever. Here are some of the key changes: First year bonus depreciation is now available through 2019. Section 179 capital

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Tax Planning Season is Now

Take multiple years of last minute tax law changes, add major sections of the tax code that expire each year only to be extended, and mix in major pre-formulated tax code changes. All this adds up to lots of potential for tax savings, but only if you

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A Dozen IRS Not so Fine Penalties

  Over the past few years the IRS has made the use of penalties and fines a more prevalent tool to encourage compliance among taxpayers. This “stick” approach is in direct contrast to the “voluntary” philosophy built within our tax system. Here are a dozen of the

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Creating Item Records in Xero

If your business buys and sells products, Xero can help you with the necessary record-keeping.  When it comes to keeping track of inventory, product-based small businesses are probably a little envious of companies that sell services. Service companies may have occasional scheduling and staffing difficulties, but they

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