There's a reason why the big corporations invest heavily in accounting.  From day-to-day accounting, payroll to month-end accounting, to internal controls, cost accounting and auditing, all these are accounting that affect every business. You use it in every area of your business.


When you plan ...

One of the biggest issues I hear from small businesses is their trouble with separating their personal expenses from business expenses.  IRS does require that there’s a clear line drawn between the two in order to demonstrate a clear carrying on of legitimate business operations as opposed to c...
A lot of small businesses I talk to understand  that their tax responsibilities is both federal level and state level, yet surprisingly few are actually on top of those state and local taxes.  I know everyone clamors during tax season to handle their federal year end taxes, but the state a...

 There are some big things that can trigger the loss of the S Status such as having  more than 100 shareholders, transferring stock to any entity that’s not a qualified shareholder such as C Corporation, certain ineligible trusts, partnerships or non-resident alien. Then there ar...
About Business

Just A Little About Business Entities:

A lot of the small business owners I’ve been meeting lately seem to already know the  business entity they want for their existing or startup company (most want LLCs or S Corps). This knowledge may have been gained from the “grapevine” or through their own ...