Rock Creek Accounting Blog

Blog posts devoted to Accounting/Business innovations.
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…

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…

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…