Wave is a tool we’ve recommended many times. It’s simple and fast. It’s easy to understand. Overall, we like its features for the price at least as well as Quickbooks, if not much better. It’s an excellent choice for business owners with straightforward needs. If you simply bill clients for services, and your business revenue …
Starting January 1, 2024, most small businesses will have to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network. What is the BOI report? It is a report that discloses the identities of certain business owners as required by the Corporate Transparency Act. What is my deadline? Did you form …
New Requirement for Small Businesses: the Beneficial Ownership Information Report Read More »
Accountable plans help businesses to optimize their tax footprint, especially for home office deductions. What is an accountable plan? It allows for the reimbursement of legitimate business expenses incurred with personal funds. Think home office setups, mobile phone bills, and even mileage. The key factor? Reimbursements are tax-free for the employee and deductible for the company. …
