In real-time,  accurate accounting records tell you cash-on-hand and how good of a job you are doing managing and growing your business.   Why should I keep records? Good records will help you monitor the progress of your business, prepare your financial statements, identify sources of income, keep track of deductible expenses, keep track of your… Read More

What small business owners should know about the depreciation of property deduction Depreciation is an annual tax deduction that allows small businesses to recover the cost or other basis of certain property over the time they use the property. It is an allowance for the wear and tear, deterioration or obsolescence of the property. Small… Read More

Intuit Corporation, whose stock symbol NASDAQ: INTU maker of Turbotax and QuickBooks have perhaps the best software on the market. They are the market leader. Approximately four (4) million people use Turbotax to prepare their Income Tax Returns. The software is phonemically easy to use and awesome. No question about this. Here is what concerns us.… Read More