Ingredients of a Successful Business Partnership
Like a bundle of sticks, good business partners support each other and are less likely to crack under strain together than on their own. In fact, companies with multiple owners have a stronger chance of surviving their first five years than sole proprietorships,...
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. This applies to personal vehicles being driven for business use. Starting July 1, the IRS’s business mileage rate is increasing by four...
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 to pay your vendors and your employees. If...
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 from home for an employer, you normally...
