What should you do if you already filed your federal tax return and then discover a mistake? First of all, don’t worry. In most cases, all you have to do is file an amended tax return. But before you do that, here is what you should be aware of when filing an amended tax return. […]
Filing an Amended Return Read More »
Many businesses hire part-time or full-time workers, especially in the summer. These types of employees are referred to as seasonal employees, which the IRS defines as an employee who performs labor or services on a seasonal basis (i.e., six months or less). Examples of this kind of work include retail workers employed exclusively during holiday
Seasonal Employees and Taxes Read More »
Accounting: Crowdfunding websites such as Kickstarter, GoFundMe, Indiegogo, and Lending Club have become increasingly popular for both individual fundraising and small business owners looking for start-up capital or funding for creative ventures. The upside is that it’s often possible to raise the cash you need but the downside is that the IRS considers that money
Tax Consequences of Crowdfunding in Accounting Read More »
Starting a new business is an exciting time, but is also one that needs to be undertaken with care and consideration in order to make it a successful, thriving enterprise.
7 Considerations For Starting A Small Business Read More »
Adhering to a budget is crucial to your financial success and working with a trusted accounting firm can help you formulate a business plan that puts your enterprise on a firm financial footing from the beginning.
Money Mistakes Business Owners Need To Avoid Read More »
Taking the time to thoroughly explore and answer these questions may just get your business off on the right foot and will certainly provide you the information necessary to compile a business plan and strategy.
Small Business Owner Start-Up And Business Plan Preparation Steps Read More »
Studies have shown that many small business failures are the result of a lack of appropriate management skills. Entrepreneurs that find success are those that focus on their core competencies and outsource tasks that are outside that realm. When you are a startup, it may be difficult to find the resources necessary to outsource tasks
Skills Entrepreneurs Need To Succeed Read More »
The holidays are fast approaching and as an employer you may be wondering, “What is an appropriate gift for my employee?” “How much should I spend?” “Do I spend more on my personal assistant than I do for the line worker?” or “Are the gifts tax deductible?” To make the gift-giving season less stressful, here
Gift Giving In The Workplace: Hints and Tips Read More »
In light of October having been named National Work & Family Month, we wanted to offer tips we have found to help juggle the demands of running a business and enjoying time outside of the office with your family and friends. Entrepreneurs know they need to work hard and be focused to be successful, but
Tips For Juggling Work And Family: Finding Balance Read More »
Entrepreneurs understand that financial planning for their business is a crucial component for success. Not only does proper financial planning offer the business owner a roadmap toward a successful venture, it also sets the standard by which the finances are handled within the company. Working with an accountant to implement cash flow standards provides the
The Importance Of Financial Planning For Entrepreneurs Read More »
BASC Expertise
3303 E Baseline Rd, Suite 107 Gilbert, AZ 85234
