Category: Taxes

  • ‘Tis the Season

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    ~ Heidi ~
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    It’s that time of the year again… The season begins with a gratitude feast and many of us start thinking of all the things – and people – we’re thankful for. Often, we decide that we’d like to say “Thank You” with a gift. So the question arises – If a business owner gives a…

  • Mileage Tracking Apps for Your Business

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    ~ Heidi ~
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    A few days ago I shared an article about deducting vehicle expenses on my Facebook page. Here’s a link to that article: https://markjkohler.com/maximizing-your-car-or-truck-deduction/?fbclid=IwAR0PCWLtGDM4hAhfNOdBcg7fm4VV7An3oMhEUYMmawNl2z4foiY7bUtJu0c Today, I’m following up with a blog post about mileage tracking apps. For many years, I’ve been documenting my business mileage the old-fashioned way. Each year, I would buy a pocket calendar…

  • The Benefits of Bookkeeping

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    ~ Heidi ~
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    Less stress at tax time.  How much did you earn this year?  How much of that was reimbursement for expenses and not really “income”?  What are your total expenses for the year? Instead of scrambling to add up your income and expenses from old check stubs and faded receipts, you’ll be able to see all…

  • Independent Contractors : Know Your Numbers

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    ~ Heidi ~
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    Just a quick reminder to independent contractors who haven’t filed tax returns yet … Make sure you understand the amounts being reported in Box 7 of your 1099-MISC. Businesses you contract with may or may not include your reimbursed expenses in this box. If reimbursed expenses are not included, then you don’t deduct those expenses…