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Salt Lake City Bookkeeping Blog

Did You Know? These Small Business Expenses Are Fully Tax Deductible!

Posted by Leanne Armstrong on May 8, 2019 9:00:00 AM

Did you know that not all small business expenses are created equal when it comes to your annual tax return? Most entrepreneurs understand that deductible expenses help to offset many of the costs of running a business. But not every expenditure is fully tax deductible. Understanding which expenses can effectively reduce your taxable income will not only help you estimate your tax obligation for the coming year, it will improve your business planning.

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Topics: Tax Preparation For Year End, Tax Tips, tax strategy, Expense Management

Small Business Expense Checkup: Are Your Costs Too High?

Posted by Leanne Armstrong on May 9, 2018 9:00:00 AM

Whether you’re budgeting for a new business or you’ve been operating for a while, performing regular expense checkups can help keep costs down and profits up.

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Topics: Financial Forecasting, quickbooks expenses, Expense Management

Planning a Party? Everything You Need to Know about Deducting Entertainment Expenses

Posted by Matt Roberge on Oct 24, 2016 9:00:00 AM

Many new business owners are surprised to learn that it’s perfectly legitimate to deduct the business expenses associated with meals, events, and other entertainment costs on their income tax returns. The fact is that the IRS considers feeding and entertaining clients, business associates, and employees to be a necessary part of running a business – so long as these expenses meet the necessary criteria.

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Topics: Small Business Bookkeeping, Tax Tips, Expense Management

The One Thing Every Small Business Could Do Better

Posted by Matt Roberge on May 31, 2016 8:30:00 AM

I personally have done small business bookkeeping for almost 15 years now. Over that period, our bookkeeping service has worked with lots of different businesses, helping them with their outsourced bookkeeping needs.

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Topics: Outsourced CFO Services, Growth Coach, Outsourced Bookkeeping Services, Expense Management