by Tiffany Mellow | Oct 23, 2018 | Business Accounting, Non-Profit Accounting
I met with a number of clients in the last couple of months who are very tech savvy and utilize a lot of the current technology available in running their businesses. Some deposit their customer checks by taking pictures of them with their phones. Others track their...
by Tiffany Mellow | Jan 15, 2018 | Business Accounting, Business Taxes
The Schedule C for an unincorporated business and the Schedule F for farming activities are the forms MOST AUDITED by the IRS! The IRS has published the following list of issues they scrutinize when auditing the Schedule C and the Schedule F: Lack of record keeping...
by Tiffany Mellow | Sep 22, 2017 | Bookkeeping, Business Taxes
Technology can be helpful when it comes to bookkeeping! There are many new gadgets and applications on the market that assist with tracking business expenses. While these “apps” eliminate paper, they do not eliminate the need to provide your tax preparer with the...
by Tiffany Mellow | Aug 10, 2017 | Business Taxes
I recently met with a contractor who had very organized files. You could tell he spent a lot of time assembling his receipts. The problem: they were organized in a manner that was not efficient for preparing a tax return. Instead, the gentleman had organized his...
by allsaints | Oct 16, 2016 | Business Tax Deductions, Business Taxes, Your Questions Answered - Business Accounting
QUESTION: Dear Taxman – I use my car in my business occasionally. I have paid for all my gas with my debit card so I have a record of how much gas I purchase. Is there anything else I need to do to deduct my auto through my business? ANSWER: Dear Reader...
