As 2013 draws to a close, let’s take a look back at some of our favorite postings: 1099 Contractor vs. Employee – Learn how to determine whether an individual is an employee or independent contractor. Home Office Deduction – Familiarize yourself with the new option available for claiming the home office deduction. A Small Guide […]
The Correct Time for Hiring a Bookkeeper or an Accountant
There are slight differences between a bookkeeper and an accountant. An accountant can help assess the overall financial picture of a company, offer strategic advice, and complete the company’s taxes. On the other hand, a bookkeeper assists with the day-to-day activities such as: entering and paying invoices in a timely fashion, cash receipts, and payroll […]
A Small Business Guide to Tax Deductions
It is always a good idea to track business deductions throughout the year, so they are not missed when tax time comes around. However, determining what can and cannot be claimed can be challenging. Here is a list to help: Travel and Meal Expenses Travel Expenses are 100% deductible Meal Expenses are 50% deductible, except […]
Geenen & Kolean is here to help you!
You have a business to run, let us help with the numbers. Starting a business is tough work and if the accounting records are not solid from the beginning it could lead to problems immediately or in the long run. Here are some tips to consider when starting or running a business: Review Accounting Records […]