12 Common Bookkeeping Mistakes to Avoid 1. Commingling funds - So many business owners are guilty of either using the business account to pay for personal expenses or paying business expenses through the personal account. This is a big NO NO! 2. Misclassifying workers - Times are tough and staffs ...
SECRET TAX TIP #4 Even Small Deductions Can Add Up To Big Tax Savings! Don’t forget the “de minimis” fringe benefits for maximum tax savings. Did you know that the tax code allows you to deduct for things such as (a) tickets to theatres and sporting events, (b) cocktail parties for employees and guests and ...
Running a small business and trying to keep up with all the tax regulations and new IRS codes is no joke. Mess this up and you’ll have to pay big penalties, not to mention possibly suffer through a business ending IRS audit! Let me introduce myself. My name is Bernadette and I run my own small ...