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There are many essential components to successfully running a small business, but the backbone of it all is proper bookkeeping and implementing a thorough accounting system. Not adhering to necessary record keeping protocol alone can bring a small business to its knees
Filed under: Uncategorized | Tagged: bookkeeping, Business, business plan, CPA, income tax, Small Business, tax deduction | Leave a Comment »
New Hampshire businesses need to start thinking about documenting what is ‘reasonable compensation’ to the owners or partners if they are operating as a sole proprietor or partnership.
As an indirect result of New Hampshire introducing and ultimately repealing the so-called LLC tax several years ago, New Hampshire has now enacted new rules
Filed under: Uncategorized | Tagged: Business, Business Profits Tax, Department of Revenue, LLC, LLC Tax, New Hampshire, partnership, reasonable compensation, Small Business | Leave a Comment »
According to National Federation of Independent Business (NFIB), here are a few tax deductions that small business owners often make mistakes with:Filed under: Uncategorized | Tagged: bank loan, Business, business miles, income tax, IRS, tax deduction | Leave a Comment »
Are you making the right pricing decisions for your business? In business, making pricing decisions is always tough – and even more so when the economy is slow and sales are slipping. It’s tempting to cut prices hoping to generate higher sales volume. But sometimes that just produces lower margins on a low volume.
What do you do if you’re being squeezed by cost increases? Can you increase
Filed under: Uncategorized | Tagged: Business, business plan, New Hampshire, pricing strategy, small business pricing | Leave a Comment »
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Many small business owners who prepare their own tax returns often shy away from taking the Home Office deduction for their business, but oftentimes the ability to deduct the home office can save a lot money, particularly
Filed under: Uncategorized | Tagged: Business, home office, income tax, IRS, Small Business, tax deduction | Leave a Comment »
