tax
Our tips and tricks to get you on track
I’ve had a front row seat to many business partnerships over my years as a professional CPA. Some people will tell you that choosing to work with their partner was the best business decision they ever made. Others will tell you it’s the reason they almost lost everything, tangled up in a legal fight, and…
You want to help your daughter with a down payment, or hand a grandkid something real for graduation, and somebody warned you the gift tax is going to take a cut. It won’t. For almost everyone, going over the $19,000 annual gift limit costs exactly nothing in tax. The worst case is an extra form…
QuickBooks Online (QBO) is the accounting software most small businesses use, and for good reason. Bookkeepers use it. CPAs use it. Banks recognize it. Is it perfect? No. But it’s the one everybody speaks fluently, and that makes your life a whole lot easier. But here’s where a lot of business owners get tripped up:…
Trump Accounts are a new child-savings vehicle with the potential to become a powerful long-term planning tool. Parents, employers, and advisors are already asking the key question: what is the best way to get money into the account? The answer may not be a direct contribution. And it may not even be a direct employer…
Hiring is one of the most consequential decisions in business. Treating it like a necessary inconvenience, posting something fast, hoping for the best, is a good way to miss out on great candidates. If you’re listing jobs with Indeed what you put in a listing up front is often what you get out of it. …
You bought a piece of equipment online, the seller didn’t charge sales tax, and you figured you caught a break. You didn’t. You may still owe the tax. It’s called use tax, and it’s one of the most common reasons an Alabama small business gets hit with a surprise bill during an audit. Here’s what it is, when you owe it, and…