Accounting

Featured Articles

2a3dabaab7afc2caba4eb4c17e3d620b1

September 3, 2014 

Small Business Hiring Up Across U.S. for First Time in 2014

Small businesses with primarily 1-10 employees, often referred to as micro businesses, saw a month-over-month increase in hiring (0.1 percent) for the first time in 2014, according to the August 2014 SurePayroll Small Business Scorecard. SurePayroll Inc., is a provider of online payroll services to small businesses.

Isaac M. O'Bannon

 How to Grow Your Firm Through New Services

September 2, 2014 

How to Grow Your Firm Through New Services

Offering new services enables your accounting firm to generate additional revenue, and build stronger relationships with existing clients while adding new ones. While a majority of firms may offer seasonal/tax time services, offering new ones, such as bill pay, can significantly impact your bottom line.

 Using Your Car for Business Purposes? Keep Good Records for the Tax Deduction

September 1, 2014 

Using Your Car for Business Purposes? Keep Good Records for the Tax Deduction

What often sets business taxpayers apart from individuals is the potential for deducting expenses relating to business driving. For virtually everyone else, the cost associated with operating a car or other vehicle is a nondeductible personal expense. However, if you use your own vehicle for business trips, you’re usually entitled to deductions on your federal…

Ken Berry, JD

oil-gas1

August 31, 2014 

Study: Oil & Gas Industry Creates 9.3 Million Jobs in U.S.

According to a new study just issued by the firm, the total economic benefits of the nation's increased oil and gas exploration and development activity translates into almost $1.2 trillion in gross product each year, including multiplier effects, and over 9.3 million permanent jobs.

 Traveling Abroad for Business? Keep These Deduction Tips in Mind

August 26, 2014 

Traveling Abroad for Business? Keep These Deduction Tips in Mind

As with domestic travel (i.e., travel within the 50 U.S. states and the District of Columbia), you can deduct all of your travel expenses if the trip is entirely for business purposes. Otherwise, you’re entitled to travel deductions only if the primary purpose of the trip is business-related. Again, the days spent on business versus…

Ken Berry, JD

 Business Expenses: Map Out Deductions for Travel in the U.S.

August 25, 2014 

Business Expenses: Map Out Deductions for Travel in the U.S.

It is well-known in tax circles that taxpayers can deduct the cost of traveling “away from home” on business. For this purpose, your tax home is usually your principal place of business. As an example, if you live and work in New York and fly to L.A. for a two-day whirlwind of business negotiations, the…

Ken Berry, JD