At some point, most small business owners needs financing or other lending institution to borrow money. Understanding what your bank wants, and how to properly approach them, can mean the difference between getting your money for expansion and having to scrape through finding cash from other sources. 5 Myths on Business Financing AZ Unfortunately, many […]
Small Business Financing AZ: Securing a Loan Read More »
As a business owner, you are entitled to deduct certain expenses on your tax return such as those relating to entertaining clients. Entertainment is considered any activity that provides entertainment, amusement, or recreation. It may also include meeting the personal, living, or family needs of individuals including providing meals, a hotel suite, or a car
Tax Tips Business Entertainment Expenses Read More »
If you’re thinking about hiring new employees this year, you won’t want to miss out on these tax breaks. 1. Work Opportunity Credit The Work Opportunity Tax Credit (WOTC) is a federal tax credit for employers that hire employees from the following targeted groups of individuals: A member of a family that is a Qualified
Tax Breaks for Hiring New Employees Read More »
Millions of Americans have hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting, but when that hobby starts to turn a profit, it might just be considered a business by the IRS. Definition of a Hobby vs. a Business The IRS defines a hobby as an activity that is not pursued for profit.
Hobby or Business? Why It Matters Read More »
Starting a new business is an exciting, but busy time with so much to be done and so little time to do it in. And, if you expect to have employees, there are a variety of federal and state forms and applications that will need to be completed to get your business up and running.
Five Things to know before Starting a Business Read More »
Last May, the Department of Labor unveiled new overtime rules lowering the threshold for white collar employees to be eligible to receive time and a half for working over 40 hours in a week. These changes are set to take effect December 1, which is now only a couple months away. What are the New
Preparing Businesses for the New Overtime Rules Read More »
Keeping accurate records is critical for small businesses for a number of reasons. First of all, when you have a complete picture of how much money is coming in, how much is being spent and what it is being spent on, you have a much better understanding of what areas could be cut and what
The Importance of Bookkeeping for your Small Business 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
Below is our latest press release. We hope you can join us at our inaugural event this Thursday, September 19th at 8:30AM at our office. Breakfast will be provided and there is no cost to attend. __ BASC Expertise launches “Breakfast at BASC”, a monthly educational workshop for local business owners. CHANDLER, AZ (September 16,
Chandler Accounting Firm BASC Expertise Launches FREE Business Breakfast Group Read More »
Finding Potential Buyers: If you plan to sell your business, you will want to find good prospective buyers. In many cases, you will find that people are just interested in learning what a business of your type goes for or are just looking around for a good deal on a new business. Knowing how to
BASC Expertise
3303 E Baseline Rd, Suite 107 Gilbert, AZ 85234
