Your Business Mileage Deduction Just Became More Valuable

Your Business Mileage Deduction Just Became More Valuable Your business mileage tax deduction just became more valuable for the rest of 2022 after a recent announcement by the IRS. Starting July 1st, the IRS’s business mileage rate is increasing by 4 cents, to...

Six Simple Ideas to Help Your Small Business

Six Simple Ideas to Help Your Small Business Here are six ideas to help your business grow and thrive this summer. Understand your cash flow. One of the biggest causes of business failure is lack of understanding cash flow. At the end of the day, you need enough cash...

Making Your Home Office a Tax Deduction

Making Your Home Office a Tax Deduction The home office deduction is a great tax break for the millions of Americans who are now working from home, either occasionally or full-time. But there’s one huge catch…you can’t be an employee! That’s right, if you’re working...

Maximizing Work From Home

Maximizing Your Working From Home Opportunity Flexible working arrangements appear to be here to stay. But the benefits of working from home also come with the challenge of maintaining an appropriate work-life balance and a high level of productivity. Here are several...

The Benefits of Being a Sole Proprietor

The Benefits of Being a Sole Proprietor Many start-up businesses move from hobby status to a business when they start to make a profit. The tax entity typically used is a sole proprietorship. Taxes on this business activity type flow through your personal tax return...

Business Metrics that Have Impact

Business Metrics that Have Impact At the end of the year it is easy to compare revenue, gross margin, and profitability to the prior year and to your business plan. Here are a few ideas of other metrics to consider. Customer acquisition cost. Divide the total amount...