• Can You Deduct Cell Phone Expenses for Your Small Business?

    cutting expenses with scissors

    Cellphones have been the subject of uncertainty on the part of the IRS for some time, now.  Originally falling under the category listed property they were deductible, but with rigorous reporting provisions on the part of the Agency. But in 2010, cell phones were removed from listed property under The Small Business Jobs Act.  Expenses…

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    New Jersey Bookkeeping Tip: Things You Need to Know About Robo-Advisors


    Robo advisors may seem like a futuristic way to invest your money, but they’re quite practical.  If you’re an investor who wants to avoid the high price of a human advisor, a robotic one would seem to be just the ticket. We’re offering this New Jersey Bookkeeping tip:  things you need to know about robo-advisors,…

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    W-2 vs W-4: What’s the Difference and When to Use Them

    w-2 versus w-4 tax form

    Taxes.  They can make your head spin.  And one of the most challenging features of the US taxation system is the fact that things can change in a heartbeat. If you’re new to doing business taxes, you can often feel like Dr. Livingston – hacking your way through the dense underbrush using only a machete. …

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    Small Business Tax Preparation Mistakes to Avoid from the Pros

    tax preparation

    When it’s time to get your taxes in to the IRA, all your hard work over the year can come to naught in the heat of the moment. When you’re under intense pressure mistakes happen.  But they needn’t. We’ve compiled these small business tax preparation mistakes to avoid from the pros.  These are key areas…

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    QuickBooks Online vs Desktop: Which Is Right for You?

    man figure questioning which QuickBooks version is best

    In a recent post, we discussed the fact that QuickBooks for Mac’s desktop version is being phased out, effective May 31, 2019.  On that date, availability to tech support and other features for desktop users will no longer exist, as Intuit moves operations for that operating system to its cloud-based QuickBooks Online product. As for…

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    QuickBooks for Mac: Best Options in 2018

    QuickBooks for Mac

    Uh-oh!  QuickBooks for Mac is being discontinued.  For those of you using QuickBooks for Mac 2016 (the most recent version), you’ll still be in business until May 31, 2019.  After that, you’ll need to make a change. QuickBooks moves online at that point, with Simple Start, Essentials and Plus versions to choose from.  So, don’t…

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    Year-Round Tax Planning For Reduced Liability

    man doing tax planning

    Planning for your finances beforehand can ultimately save you a tremendous amount of stress as well as ensure that your professional and personal goals succeed. Don’t wait until it’s too late. For many businesses and individuals, 15th April is usually a hectic day of the year in particular if you are trying to fill up…

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    Tips to Guarantee Your Business’ Longevity

    tree with deep roots

    You had the power to start your business. How do you ensure you stay relevant in the industry and avoid extinction? People open businesses every day, and some of them have failed. In as much as failure is part of progress, it is helpful to learn a few tips to help you succeed in keeping…

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    Reducing Tax Liabilities for High-Income Earners

    tax planning

    There is a direct relation between the overall taxes you pay and your total earnings. This particular relation can potentially lead to a high tax liability, especially for high earners. Nonetheless, federal tax rules permit precise deductions which can minimize taxes for the higher earners. As a higher earner, understanding these provisions in the tax…

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    Small Business Tips: How to Expand Your Business

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    Small business entities play an essential role in the business world. People are quitting their jobs to start something on their own. If you’re good at your business and it’s generally doing well, the thought of expansion must have crossed your mind. Nonetheless, keep in mind the fact that you only expand when you have…

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