Audits on Small Business and Some Big Misconceptions

If you knew what we knew about IRS audits, you would rest a little easier — even with an audit letter in hand. Out of the approximately 187 million tax returns that the IRS received in fiscal year 2010, about…Continue Reading →

Home Office Deductions Getting Easier with Safe Harbor

Are you among the estimated three million or so Americans who work from a home office? For many freelancers, remote workers, and self-employed, small business owners, there may be ways to claim tax deductions since the home is partly a…Continue Reading →

What Kind of Business Are You?

Different accounting officers depending on size and intent of business When you’re a small business, it’s important to have the right kind of person looking after your accounts. It may sound impressive to have a Chief Financial Officer, but they…Continue Reading →