Category Archives: Practice Management

Should I Switch From QuickBooks to QuickBooks Online?

The “cloud” is bringing about massive upheaval in small business accounting. You have heard the rumbling and upheaval, the carnage and disruption.  You have seen […]

What is Use Tax Anyway?

Learning about taxes your business needs to pay is exhausting.  From the employer’s portion of FICA, federal unemployment, state unemployment, sales tax as well as the other requirements parallel to taxes like annual filing fees, licenses and workman’s compensation, owners’ eyes glaze over as they weigh the complexities and time requirements of tax compliance.​When you look at these taxes in the aggregate, they act like opportunistic mosquitos slowly pricking […]

Are Meals Still Deductible?

It’s a beautiful day.  The birds are chirping, the sun is shining and you are meeting a client at a restaurant. Not just any restaurant, mind you, but a nice one. This one has high ratings, exceptional service and four “$”s next to it on Yelp.Yes, its good to be in business so you can live like a king.  Getting the business to pay for your meal is genius. But then you vaguely remember the talking heads on cable television discussing a tax law cha […]

The IRS Tattletale Program

No one ever likes it whether on the playground or in the mafia movie. Nothing good happens to these people. In the movies, as soon as you see it, you know the character is doomed. They get a reputation as someone who can’t be trusted at best and “swim with the fishes” at worst.Rat. Nark. Snitch. Tattletale.​Regardless of the context the terms are never positive.  These shifty eyed people are always watching their backs and covering the […]

Can I Deduct Business Expenses Made With My Personal Rewards Card?

It has taken you years to progress through the rewards channel.  When you remember the flights before preferred seating, being the last passenger to be called onto the packed airplane you shutter in horror of returning to that level of incivility.  The overhead storage was packed leaving no option but to gate check your bag or worse, have it thrown in with all the other luggage to be lost upon arriving at your final destination.  (And you know what its like to go without a […]