Category: Small Business
Doctors, lawyers, film-makers, geeks, and more
My clients are diverse by most anyone’s definition. These, and my other business clients,…
Tax avoidance is as cool as your kids
One of the cool advantages of having your own business is hiring your kids. They may complain about working…
Sales tax or use tax? What’s the difference?
Sales tax is imposed on retail transactions and applies to all retail sales of tangible personal…
Updated 12-12-16
Oklahoma nexus is frontier law.
Monday, 12-12-16, the U.S. Supreme Court declined to revisit the rules governing sales taxes on…
Tax avoidance and tax evasion. Techniques used by many people to reduce their tax liability.
In the 1993 movie, The Firm, Avery asks Mitch, in…
Section 179 is all about small business tax deduction made BIG, BIGGER, BIGGEST
Taken straight from Section 179 .org, here’s what this Section 179…
Business or hobby? The IRS has their own opinion!
The IRS has defined a hobby as an activity you engage in “for sport or recreation, not to make…
The Profit & Loss (P&L) Statement: Your business has a Secret PAL!
A Profit & Loss (P&L) Statement is a financial report or…
Tax preparation isn’t something you want to do when its time to prepare your tax returns. Wikipedia tells us tax preparation is …the process of…
Ask any entrepreneur “what is business passion?” and they’re likely to tell you why they’re in business. Ask yourself. Feel the business…