by Lori Bowden | Jun 2, 2024 | Business, Newsletter, Taxes
If you check the Internal Revenue Code, you may be surprised to find that most business deductions aren’t specifically listed there. For example, the tax law doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are...
by Lori Bowden | May 4, 2024 | Business, Newsletter
Every business wants to cut costs, but it isn’t easy. We’re talking about clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better shot at strong profitability. Obvious places to slash costs (such as wages, benefits and...
by Lori Bowden | May 2, 2024 | Business, Newsletter, Taxes
If you’re a small-business owner and you hire your children this summer, you may be able to secure tax breaks and other nontax benefits. The kids can gain bona fide on-the-job experience, save for college, and learn how to manage money. You may be able to shift some...
by Lori Bowden | May 1, 2024 | Business, Newsletter, Taxes
Texas franchise reports are initially due May 15, 2024. An extension of time to file a franchise tax report will be tentatively granted upon receipt of an appropriate timely online extension payment or request on a form provided by the Comptroller if the extension is...
by Lori Bowden | Apr 4, 2024 | Business, Newsletter
Payable-on-death (POD) accounts can be a quick, simple, and inexpensive way to transfer assets outside of probate. They can be used for bank or credit union accounts, certificates of deposit, and even brokerage accounts. Setting up such an account is as easy as...
by Lori Bowden | Apr 3, 2024 | Business, Newsletter
Businesses shut down for many reasons. Examples include an owner’s retirement, a lease expiration, staffing shortages, partner conflicts and increased supply costs. If you’ve decided to close your business, you might need assistance with some steps in the process,...
