The Affordable Care Act has been receiving a lot of attention in the news lately, mostly because of the issues with the website and the individuals who are losing their health plans with no ability to easily obtain a new one through the exchanges. However, there is another part of the ACA that does not […]
Tax Implications of the Affordable Care Act (Part I) Read More »
Come join us for another Breakfast at BASC event on November 14, 2013 at 8:30 AM to 9:30 AM! This month we will be speaking about the tax implications of different investment options. Our guest speaker, TJ Tillman is coming from Empire Wealth Management to educate us on some effective ways to meet our objectives.
Breakfast at BASC: Tax Implications of Different Investment Options with TJ Tillman Read More »
The health insurance marketplace (also known as the exchanges) opened for business on October 1. Although the rollout has not been as smooth as most of us hoped, the technical glitches will eventually be fixed and this will be the only place for many Americans to purchase insurance. Amidst all the confusion surrounding the Affordable
What is the Premium Tax Credit? Read More »
This year, 2013, is fading fast and there are now less than 60 days remaining in the calendar year. Time to think about last minute tax preparation and structuring before the year expires. For small businesses, there is one deduction they should strongly consider taking advantage of this year; bonus depreciation. Here is how it
2013 May Be the Final Year for Bonus Depreciation Read More »
As a business owner, it is critical to keep an eye on your monthly expenses because they can have a huge negative impact on profitability over time. Meeting with your accountant is a great way to keep an eye on your monthly expenses but you can also look at your bank, credit card, and merchant
Five Monthly Business Expenses that Might be Hurting Your Cash Flow Read More »
Many small business owners do not understand that barter currency is recognized by the Internal Revenue Service. Many also do not realize that they are required to report all barter income, whether it is earned through a barter exchange or through a one-off barter deal; but that’s another post. Today I want to share with
How Barter Currency Can Positively Impact Your Business Finances Read More »
Below is our latest press release. We hope you can join us at our monthly event on Thursday, October 24th at 8:30AM at our office. Breakfast will be provided and there is no cost to attend. __ Business owners are invited to come hear a local insurance expert explain how the new health care laws
For most business owners, what matters most is the bottom line profit. This is not to say that a businessperson does not do what they do out of passion for their work or to serve others with a valuable product or service, only that if they fail to produce a profit at the end of
Three Reasons for Businesses to Think Locally Read More »
Owning and operating your own business involves a different set of challenges than working for someone else as an employee. You need to plan your own schedule, be consistent with marketing to bring in sales, and purchase health, life, and other forms of insurance on your own. Another area where a small businessperson is responsible
What Expenses Can Small Businesses Write Off? Read More »
With the economic recovering slow, an increasing number of individuals are selling their used items in garage sales or online. Of course, garage sales are nothing new but selling items on eBay, Craigslist, or another auction site has become something of a “digital” garage sale and it may be difficult to determine whether items sold
Do I Need to Report Expenses from a Garage Sale or Online Store? Read More »
