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Your Weird Business Idea: And Why it Might Not be So Crazy
Photo by by hoyasmeg on Flickr.com Sometimes it’s a little eye opening to hear how someone else describes your job. I got that little “aha moment” the other day when my daughter explained my business...
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How Do I Write of a Bad Debt?
Photo by JamesCohen on Flickr.com I recently received an email from a client about a bad debt. It’s the second time I’ve gotten that same question in one week, so it seemed like a good idea for a blog...
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Can I Write Off My New iPad as a Business Expense? (A lesson in listed property)
Photo by John.Karakatsanis on Flickr.com Recently someone asked me if he could write off his iPad as a business expense. Now for that guy—the answer was a resounding, “Yes!” But I knew all of the...
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5 Things You Need to Know About Credit Cards and Your Small Business
Photo by 401(K) 2012 on Flickr.com I generally don’t recommend using credit cards because it’s too easy to get into trouble with over spending. But I also know that most people do use them and how you...
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Small Business Owners: Are You Claiming Too Many Deductions?
Photo by Herkie at Flickr.com The short answer: probably not! This is a sentence I hear at my tax desk every year, “I bought this for my business or I did that for my business but I’m not going to...
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Top 5 Reasons Your Tiny Business May Not Be Doing As Well As It Could Be
Photo by Tax Credits at Flickr.com The government defines small businesses as companies making less than $7 million a year or having fewer than 500 employees. The companies I work with generally...
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Deducting Your Starbucks Coffee on Your Income Tax Return
Meeting for coffee is a deductible business expense. If you deduct business expenses on your tax return, then you probably already know that if you meet someone for a meal that you can deduct 50% of...
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Should Your LLC Be an S Corporation?
If your small business has reached the point where your self employment taxes are really hurting you, choosing an S Corporation status might be the answer to your problem. If you own a single member...
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Missouri Sales Tax Issues for Professional Photographers
Professional photographers have unique issues when it comes to Missouri sales taxes. I work with quite a few professional photographers and I’m always being asked about Missouri sales tax. There...
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Top Tips to Prepare 1099-MISC Forms on Your Own
You can prepare your own 1099 MISC forms. All you need are the right forms. The 1099-MISC form is what you need to give to a contract laborer if you pay them over $600 in the course of the year....
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