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Which international travel expenses are deductible?

Before you head out for an international business trip, talk to your accountant about how to take advantage of as many deductible expenses as possible. Many of the IRS regulations for deducting international travel expenses depend on the percentage of the trip that is business or personal. If you know the rules before you go, [...]

By | May 18th, 2023|General Topic|0 Comments

6 requirements of deductible meal expenses when you are not traveling for work

It is ordinary and necessary for your industry. = common, appropriate and helpful This doesn’t mean that the meal is required or indispensable. It is not lavish or extravagant for the business’s industry. = reasonable based on facts and circumstances This doesn’t mean a specific dollar threshold. The taxpayer is present at the meal. = [...]

By | March 28th, 2023|General Topic|0 Comments

Can I pay an accountant to set up my accounting system and then maintain it myself?

Yes, you can. But, you shouldn’t. Especially, if you want to believe in your numbers. In our experience, this arrangement harms you more than it helps you. Therefore, we don't set up accounting systems that you maintain yourself. Our refusal is for your sake, not ours. When we have tried this in the past, it [...]

By | November 13th, 2019|General Topic|0 Comments

How to Cash Flow Forecast for a Creative Agency?

Everybody is doing it? Nope, I am not talking about kung-fu fighting. I am talking about cash flow forecasting.         ♪  ♫  ♪  ♫  ♪ Oh - wo - wo - wooooo                      Dut - dut - du - dut - dut - dut [...]

By | November 8th, 2019|General Topic|0 Comments