OSYB Blog: Number Crunch!
News and Views from OutSource Your Books, LLC
September Heralds the 3rd Tax Quarter
September 6, 2018 by OSYB Staff
Don’t Mess with Taxes shares 5 tax goals to accomplish in the month of September: File your 2017 taxes as soon as possible, there is no need to wait for the October 15th deadline. Adjust your withholding based on what happened last year, whether you owed a lot or received a large refund, either instance […]
Talk to Your Tax Practitioner About Tax Reform Opportunities
September 4, 2018 by OSYB Staff
Accounting Today shares 5 top tax reform planning opportunities to consider for your small business: Should you structure or restructure your business to a C corporation as they are taxed at a flat 21%? Should you acquire assets because you can expense as much as $1 million which is up from $510,000 in […]
In construction?
August 30, 2018 by OSYB Staff
If you are either a construction worker or a contractor, Intuit Small Business shares a list of common expenses and tax deductions that construction workers or contractors should be aware of: Transportation expenses Advertising Business insurance Contract labor Health Insurance deductions Legal/professional services Meals for travel and entertainment Self-Employed Contributions Act (SECA) Tax Deduction Supplies […]
6 Must Do’s After Incorporating
August 28, 2018 by OSYB Staff
Accounting Today shares 6 things that you should help your client with after they have successfully incorporated their small business. As you know, there are quite a few differences that your client may not be aware that they have to do once they changed from a sole proprietorship to a Limited Liability Corporation (LLC). Getting […]
Is Your Marketing Email Being Tagged as Spam?
August 21, 2018 by OSYB Staff
Most organizations use email to correspond with their current clients and to connect with potential clients. If you do use promotional emails you are not alone, email marketing spending in the United States would grow from 2.07 billion U.S. dollars in 2014 to 3.07 billion U.S. dollars in 2019. (Statista) So spending marketing dollars on […]
Maintaining a Steady Business Rhythm
August 14, 2018 by OSYB Staff
Deepsky Accounting shares some tips on how they use a well-measured schedule to balance sanity and manage and increase their growth. Below are some of the things that they do: Quarterly retreats – during this 2-3 day retreat, digest and review the top goal and ensure that the whole team is focused on the same […]
Gig Economy Worker or Freelancer: Tax Tips for You
August 2, 2018 by OSYB Staff
What is a gig economy worker? Gig workers are defined as those that work for a short or undetermined amount of time and this is the new normal for a jobs workforce, as discovered by a survey commissioned by BMO Wealth Management. So if you are a freelancer or a gig worker, Don’t Mess with […]
Self-Employed and Small Business Owners: Are you Planning for Retirement?
July 31, 2018 by OSYB Staff
Sophia Bera, Gen Y Planning, shares a few options for those who are self-employed or small business owners to start retirement savings plans: Individual Retirement Accounts (IRA) – opened and owned by you and you can choose either a traditional or Roth, note that there are differences between the two in terms of taxes and […]
