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How to Lose $300K and Still Owe Taxes
You read that right. It’s entirely possible to have a rough year in business, take a fat loss, and still owe the IRS. If that
Your General Ledger Is Drunk and Making Up Numbers
Most small business owners do not know what a general ledger is. That’s fine… until your reports start throwing out numbers that feel completely made
Think It’s a Business Expense? The IRS Might Not Agree
Every small business owner wants to “write stuff off.” But not everything you buy for your business actually qualifies. And if you’re just guessing, you
Your Bookkeeper Just Quit. Now What?
Well, that’s fun. You log in, look at your books, and realize your bookkeeper has not updated anything in weeks. You text. Nothing. You email.
Make the IRS Pay for Your Building Upgrades
Own a commercial rental property? Made some improvements this year? Maybe you updated the HVAC, added security cameras, swapped out worn carpet from the Bush
Call It an Asset All You Want. The IRS Still Says Nope
You bought something for your business. A laptop, a printer, maybe even a truck. Cool. Now it’s tax time and your accountant asks, “Was that
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