“You don’t have to live like a refugee.” -- Tom Petty Welcome back, folks. Is thing on? Many of you might be wondering, “where the heck is Joshua?” Some of you are just wondering what I am wearing. The answer to the first is: here, there, and everywhere. Since Tax Day, the firm has been retained to handle a flurry of activity in and out of … [Read more...]
Tax Emergencies on the Day Before Filing
One of the tests of leadership is the ability to recognize a problem before it becomes an emergency. -- Arnold H. Glasow Like many native New Yorkers, my mom moved to Florida once she reached a certain age, and I annually round up the family and drive south to visit her. One Christmas Eve, after a particularly long 1,500-mile journey, we arrived … [Read more...]
Are You Productive Or Busy?
“The way to get started is to quit talking and begin doing.” – Walt Disney We small business owners are often in-demand -- by clients, employees, relatives, creditors, debtors. The list can be quite extensive. I believe there’s a major difference between a productive owner and a busy one. The former produces measurable results, and the latter … [Read more...]
Last-Minute Tax Deductions That Can Help Your Business Save
“The precise point at which a tax deduction becomes a 'loophole' or a tax incentive becomes a 'subsidy for special interests' is one of the great mysteries of politics.” – John Sununu As April 18th draws nearer, I’ve been advising several new entrepreneurs and owners and we reviewed their income tax returns together. Here are some uncommon – but … [Read more...]
The Income Tax Return As A Mirror
“The only thing that hurts more than paying an income tax is not having to pay an income tax.” – Thomas Dewar April 18 is two weeks away, and while that may be great news for us accounting professionals, it may be a solemn period of self-reflection for sole proprietors, co-owners, and limited liability corporation owners. (Our C-Corp and S-Corp … [Read more...]
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