Revenue is growing, but cash still feels tight? Learn how expense ratios reveal hidden margin leaks and help you build a healthier, more scalable business.
Business Expense
From Oil Fields to Your Bottom Line: How Global Events Quietly Raise Your Business Costs
Rising fuel and energy costs quietly impact shipping, inventory, and operating expenses, putting pressure on small business margins. Learn how businesses can recognize the signs early and adapt before profitability is affected.
There’s a Lot You Can Get Wrong With Business Budgeting… But It’s Still an Invaluable Practice
Business Budgeting is an important step in any business. This article will help you understand the importance of Business Budgeting and the things that you can get wrong it.
Managing Out-of-State Employees: The Payroll Tax Conundrum
As the COVID-19 global health event continues, employees across the country are still working at home and will likely keep doing so for the foreseeable future. If you have employees who live in a different state from where your business is located, this can create additional tax and payroll challenges. Here’s what you should know […]
Tax Court Decision Holds Potential Impact for Travel Deductions
There are many professions that require taxpayers to travel extensively and spend significant amounts of time in paid lodging. These expenses are traditionally claimed as travel deductions. However, a case recently heard by the Tax Court – Soboyede, TC Summary Opinion 2021-3, 1/26/21 – has apparently established a new standard for what the IRS is […]
Employee Holiday Gifts May Be Taxable
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so low that it is impractical and unreasonable to account for it, the gift’s value would be treated as a de minimis fringe benefit. As such, it would […]