by Mike Jesowshek, CPA | Oct 2, 2024 | Accounting, Business, IRS, Management, Money, Real Estate, Small Business, Tax-planning strategy, Taxes
Whether you own a small business or manage tax preparation for small business clients, you understand how important and time-consuming year-end tax filings can be. The best way to reduce the year-end frenzy is to get ahead of tax season, and believe it or not, now is...
by Mike Jesowshek, CPA | Aug 26, 2024 | Accounting, Business, IRS, Management, Money, Real Estate, Small Business, Tax-planning strategy, Taxes
For whatever reason there is a lot of confusion among business owners around the home office. From what I understand, accountants often times tell business owners that the home office is an IRS red flag and to avoid it. We are going to set the record straight here and...
by Mike Jesowshek, CPA | Aug 7, 2024 | Accounting, Business, Small Business, Tax-planning strategy, Taxes
The Work Opportunity Tax Credit (WOTC) is a valuable tax incentive for small business owners who hire individuals from certain targeted groups that face significant barriers to employment. This federal tax credit is designed to encourage workplace diversity and...
by Mike Jesowshek, CPA | Jul 17, 2024 | Accounting, Management, Small Business, Tax-planning strategy, Taxes
Depreciation… one word that can make a business owner (and even many accountants) cringe. However, understanding it and how to implement it correctly in your business can make a big impact. That is exactly what I will be talking about here. What Is Depreciation?...
