Small Business Accounting: Cash VS Accrual

24 July 2020
Categories: , Blog

If you are a small business owner, chances are you know how to make big decisions. Being a business owner requires that you make hard choices repeatedly, such as which accounting method you will use. Small business accounting is unlike big business accounting in that you can choose between a cash basis and the accrual method. Both methods have their pros and cons which will be discussed presently. The Accrual Basis Method Read More

Can't Figure Out Your Taxes? Keep These Tips in Mind

About Me

When it comes to completing and filing your income taxes, you can't make costly mistakes. Even a simple omission or error can cause you problems with the Internal Revenue Service. I made a grave error last year with my taxes. I forgot to mention that I sold my car. The new owner claimed an exemption for the car and I didn't. I ended up owing several thousand dollars on my return, which hurt my family because we really needed the money. I want to help you avoid tax problems as well. I created this blog, which offers tips on how to file your taxes, what to expect in certain situations, and what to do if you face a tax dilemma. Please keep the information in mind the next time you file your taxes. Thanks for visiting.