by DeFreitas & Minsky | Apr 28, 2015 | Business Accounting, Financial Planning, Tax Laws, Tax Planning
Small restaurants, if they last any length of time, are always super busy preparing and serving meals, pouring drinks and cleaning up the mess. With customers continually coming in and out, a small restaurant owner’s time is at a premium. But when it comes to...
by DeFreitas & Minsky | Apr 23, 2015 | Business Accounting, Financial Planning, Tax Laws
Businesses and individuals begrudgingly pay interest, because it appears little is to be gained. This is not entirely true. Interest expense, in certain cases, is tax-deductible. Shown on an income statement, interest expense is defined as the interest payable on any...
by DeFreitas & Minsky | Apr 9, 2015 | Business Accounting, Financial Planning
Don’t allow your tax refund check to burn a hole in your pocket. Instead, let your money grow. If you receive money back from the government this year, try one or more of our five ways to invest a tax return for your future. Proven ways to invest a tax return for your...
by DeFreitas & Minsky | Apr 2, 2015 | Business Accounting, Tax Laws
Like old wives tales, IRS audit myths, often with little basis in reality, have been handed down through generations of American taxpayers. IRS Audit Myths Debunked Since IRS audits are very rare, most honest taxpayers are already in the clear without knowing it. Only...
by DeFreitas & Minsky | Mar 27, 2015 | Business Accounting, Financial Planning, Tax Laws
Construction contractors typically work on different type, size and length contracts. Depending on these variables, recommended contractor accounting methods may differ. Before filing a Federal tax return, construction contractors of any business structure (sole...
by DeFreitas & Minsky | Mar 20, 2015 | Business Accounting
Unlike many other industries, accounting for the construction companies does not just include a regular series of debits and credits. Instead, a construction accountant uses a system that is designed to match income and expenses to the varying length and size of...
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