Accounting/Business

Blog posts in the “Accounting/Business” category.

Sales Tax – The next tax reform
Sales Tax – The next tax reform 150 150 Pauleen Miller

You know how you can buy something online and not pay sales tax? Well, that may become a thing of the past because on Friday, the Supreme court announced that it would consider to hear a case which would cause retailers to collect sales tax in states that impose it. This all started in 1992 with…

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How your small business can afford a Chief Financial Officer (CFO)
How your small business can afford a Chief Financial Officer (CFO) 150 150 Pauleen Miller

As a small business owner, you may never have thought of hiring a Chief Financial Officer (CFO). You may have a Bookkeeper and/or a CPA who files your taxes, but when is it time to hire a CFO and how can you afford it? When your business experiences rapid growth, if you are not getting the information you…

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Tax reform – Business Meals and Entertainment deductions that survived the cut
Tax reform – Business Meals and Entertainment deductions that survived the cut 150 150 Pauleen Miller

Bad news: The tax reform wiped out the business –entertainment deductions. Which means you can no longer deduct business related entertainment expenses like business meals, dinner with clients, taking a client to a ballgame, etc. These entertainment expenses are completely nondeductible, regardless of whether they are directly related to or associated with the taxpayer’s business…

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2018 Business Tax Changes under the Tax Cuts and Jobs Act
2018 Business Tax Changes under the Tax Cuts and Jobs Act 150 150 Pauleen Miller

The recently enacted Tax Cuts and Jobs Act (TCJA) is a major overhaul for businesses. The new law permanently reduces the corporate tax rate to 21%, repeals the corporate alternative minimum tax, imposes new limits on business interest deductions, limits on meal expenses, disallowance of entertainment expenses, and other numerous changes involving expensing and depreciation.…

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2018 Tax Changes for Individuals
2018 Tax Changes for Individuals 150 150 Pauleen Miller

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package with lots of changes affecting every taxpayer. This article contains a summary of some of the more important elements of the new laws. We compare pretax Cuts laws to newly enacted law and unless otherwise noted, the changes are effective for tax years…

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Individual Tax Overhaul proposal – Tax Cuts and Jobs Act of 2017
Individual Tax Overhaul proposal – Tax Cuts and Jobs Act of 2017 150 150 Pauleen Miller

Recently, the House of Representatives and Senate Finance Committee passed different versions of the proposed Tax Cuts and Jobs Act. There is still much debate about tax reform and we won’t know what will actually become law until later this year or even until early 2018. This blog provides you with a broad overview of…

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When are meals 100% deductible?
When are meals 100% deductible? 150 150 Pauleen Miller

When are meals 100% deductible?   In general, you can deduct half of the cost of meals incurred for business purposes. However, did you know that you might be able to deduct 100% for certain types of meal expenses? A 100% deduction for meals is not typical, but there are occasions when you can take…

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Moving this summer? Tips to help you deduct the expenses.
Moving this summer? Tips to help you deduct the expenses. 275 183 Pauleen Miller

Summer is here! When I think of summer my head fills with visions of backyard barbecues, swimming, long hot days, and of course… moving. By far, summertime is the busiest time of year to move and there are lots of reasons why – beautiful weather, overall good time to sell your home, parents with kids…

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2017 Tax Changes that may affect you or your business
2017 Tax Changes that may affect you or your business 1024 726 Pauleen Miller

Every year taxpayers and tax practitioners face a number of tax changes and this year is no different. Even though promises of significant tax changes are in the air, there is no new law yet. However, this year we have a number of tax changes that either go into effect for the first time this…

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