My wife and I have recently started a family and are completely thrilled over becoming new parents. After coming home from the hospital, we very quickly realized that there are several new financial responsibilities that come with being a parent. We did our due diligence and felt prepared for most of the big changes, but…
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The home office tax deduction has been difficult to claim in the past. Luckily, the IRS has made it far more accessible in recent years. How, you ask? By simplifying the process as a whole. The IRS released the simplified option in 2013 which can save taxpayers a significant amount of time and paperwork. The…
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We briefly covered a few QuickBooks features at one of our most recent seminars, including how to use the Class function. Afterward, we had several attendees express interest in learning more about how to use the Class feature in QuickBooks. Although implementing and maintaining QuickBooks Classes can be a bit intimidating, it’s a much easier…
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Be honest– how many times have you claimed the full amount on a receipt as a business deduction with non-business related items on it? For example, purchasing gas, a legitimate business expense, but then also including a soda and bag of chips in the total amount of the deduction. Mixing personal and business expenses on…
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What if I told you that one of the most important decisions you’ll make about your new business isn’t about your product, your business plan or even how you plan to make money? One of the most important decisions you’ll ever make is choosing which entity type is right for your new business. There are several…
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The term “R&D Tax Credit” for Fresno business owners might conjure images of lab coats, high tech manufacturing lines, or in-depth computer research and cause them to think the credit couldn’t apply to them. This common misconception may be keeping some businesses from reaping thousands (or possibly even hundreds of thousands) of dollars in tax…
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