Year end planning

As we approach year end, we are consistently asked what items prudent small business owners should look at. Below is a summary of planning to look at to close out the year. Things to do before December 31 Look at your Profit & Loss report. Where do you stand? If...

Relief for Small Businesses

The Internal Revenue Service recently simplified the paperwork and record-keeping requirements for small businesses by raising the safe harbor threshold for deducting certain capital items from $500 to $2,500. The change affects businesses that do not maintain an...