business expenses

Restaurants and Businesses Benefit from Temporary Tax Break

August 6, 2021August 4, 2021 by Alex Franch

As part of its COVID relief efforts Congress is allowing businesses to deduct 100% of business meals during 2021 and 2022, provided the meals are provided by a restaurant.

Standard Mileage Reimbursement Rates Have Changed!

January 12, 2017 by Alex Franch

Every year, the Internal Revenue Service announces the optional standard mileage reimbursement rates. The IRS uses these rates to calculate the deductible costs of operating a vehicle for business, charitable, medical or moving purposes. Inflation is the primary reason why mileage reimbursement rates are have been adjusted for 2017.

Top 4 Accounting Mistakes Small Businesses Make

December 27, 2016 by Bernadette

Starting a New Business, Making Accounting Mistakes?

When you decided to open for business, you had a vision for the future. You identified a need and came up with a solution you could provide and sell. Also, you invested your time, your money, your knowledge, and your drive to make it into a reality. You’re probably like a lot of small business owners. You did not anticipate having to handle your business’s accounting needs. Many highly intelligent, responsible business operators get caught making common small-business accounting mistakes. These errors can trip them up and cost them a lot of money in the long run. Are you afraid this might happen to you? Or if it already has — what is the best way to avoid these costly errors? Learn the top four small-business accounting mistakes and how to prevent them.