Tax News

Get Ready for Tax Time

December 30th, 2010 BY Claire Moore

We haven’t yet rung in the new year and I’m already nagging about taxes. For good reason. The sooner you start to gather the necessary information, the more time you have to determine all of the deductions that you can legally take. Even though President Obama’s policies have put more money in your pocket with…

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What is a business expense?

December 28th, 2010 BY Claire Moore

It sometimes surprises me what small business owners think is an expense. It really gets interesting at tax time when they’re looking for every possible deduction to lower their tax bill. Expense defined The short answer is that an expense is the outflow of an asset, usually cash, in order to help the business operate…

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Small Business Taxes

December 12th, 2010 BY Claire Moore

There’s an old saying that the only sure things are death and taxes. For a business owner taxes certainly present all sorts of challenges. While there are many benefits to be derived from a good bookkeeping system, one of the main reasons why small business owners do their bookkeeping is because they know that they…

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