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IRS Standard Deductions for Tax Year 2014

The IRS has announced inflation adjusted tax brackets and standard deduction amounts for tax year 2014, effective 1 January, 2015. These are the numbers that you will have to use to prepare your 2014 tax returns in 2015. Standard deductions … Continue reading

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Smart Exit Strategies for Businesses

An “exit strategy” is defined as a method by which a business owner intends to exit or get out of the business. It is a strategy to cash out the investment made so far. Often, people wonder why they would … Continue reading

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Tax Tips For Small Businesses – What To Deduct

If you are a self-employed entrepreneur running a small business, you know how frustrating the annual tax filing process can be. There are qualified tax and accounting professionals to make your job easier, but it always helps if you have some basic tax … Continue reading

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Tips for female entrepreneurs to secure small business loans

Securing a loan for your small business may not be as easy as you think. Many businesses apply for loans every day, but only a few actually get the money from banks and other lenders. The business world today is still … Continue reading

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How small businesses can adopt sustainable business practices

Sustainability is not only about adopting green business practices, but is also a measure of the organization’s social and economic performance. Small businesses can especially adopt sustainable business strategies to improve profitability, customer loyalty, and commitment from their own employees. The AICPA and … Continue reading

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Mistakes small businesses must avoid when applying for a bank loan

Getting a loan for a small business takes a lot more than simply walking into a bank and walking out with cash. Banks are very particular about whom they loan money to, and you must create the right impression if they are … Continue reading

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What Can Happen When You Try to Save Money On Accounting

Here’s what might happen when you try to save money by not hiring professional accountants for your small business. Running a small business can be tough, and cost-cutting is one of the most common and difficult challenges that a small business owner … Continue reading

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How Small Businesses Can Compete With the Big Companies

Today, it is easier than before to compete with big businesses. Here are some tips to help you win the battle against Goliath. Granted, big companies have deep pockets and elaborate supply chains that give them quite an edge over smaller … Continue reading

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Book Keeping Basics for a Small Business

Many small businesses and start-ups are second to none when it comes to producing great products and building a strong presence in the market. However, the same thing cannot often be said about their bookkeeping practices. Why you need to keep your … Continue reading

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What Does it Take to be a Certified Tax Accountant (CPA)?

Tax accounting is a specialty in the field of accounting, one of the fastest growing occupations in the United States. According to the Bureau of Labor Statistics, job opportunities for accountants are projected to grow at 13% from 2012 to 2020. Certified … Continue reading

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