Who does your books? Now you might be thinking I want to sell you some bookkeeping services. Actually, I don’t. I work with bookkeepers and see a lot of work that was done by bookkeepers, both good and bad. Sometimes even well-intentioned bookkeepers who don’t have a good grasp on what they’re doing create more work for people like me, and more expense for business owners who have to pay for someone to clean it up. Do you ever wonder why your tax return preparation is so expensive? It might be that your books are not in very good order. Accountants,…
3 Things to Know About Hiring a Bookkeeper
Three Last-Minute Ways to Save on Your Taxes
It's not too late to save on your 2020 taxes. Here are some last-minute ideas: New Charitable Contribution Deduction The Cares Act included a $300 "above the line" deduction for charitable contributions. What this means is that you can deduct up to $300 in contributions without having to itemize on your tax return. Qualified contributions include donations to churches or 501(c)(3) charities, also government entities like your local school system or fire department. Contributions to political organizations do not qualify. H.S.A. Contributions If you have a high-deductible health insurance plan, there is no reason not to make the maximum contribution to it every year. The…
Indiana Announces Small Business Restart Fund Grants
The maximum grant is $10,000 per company
In the News: Coffelt Attends Exclusive Business Advisor Seminar
The owners’ goals determine which areas of the business should be the priority.