Written by It can be difficult to keep up with new technology; sometimes it feels like the world can change if you stop paying attention for a few minutes. Things that we accept as normality were utterly unthinkable just a few generations ago. Our grandparents would have to spend weeks to get from one country to another, and now we can whiz along in an Airbus A380 30,000 feet above the earth, sipping cocktails and watching movies. Until the 1970’s, we had to actually go into a bank and request money, completely dependent on their opening hours. Now we just slide a piece of plastic into an ATM, press a few buttons and money comes out, leading many of us to believe that money was very easy to come by! Who knows what will happen in the world of banking – some new inventive technologies may in fact become industry standard. Let’s have a look at some of the best banking and personal finance apps that are out there.
READ MORE »Posts tagged Business
Choose The Right Software For Small Business Accounting
Written by Finding the right small business accounting software can be challenging, but the research is well worth the effort if you can find an affordable and easy-to-use program that meets your needs.
READ MORE »Tax Misperceptions – Small Business
Written by The old legal saying that “ignorance of the law is no excuse” is perhaps most often applied in tax settings and it is safe to assume that a tax auditor presenting an assessment of additional taxes, penalties, and interest will not look kindly on an “I didn’t know I was required to do that” claim. On the flip side, it is surprising how many small businesses actually overpay their taxes, neglecting to take deductions they’re legally entitled to that can help them lower their tax bill.
READ MORE »Hobby or Business? It matters to the IRS
Tweet Hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting (I build radio controlled model boats/ships) can make you money. Recently a client contacted me about taking her Photography to a new level. So lets look at this subject again. When that hobby starts to turn a profit, it might just be considered a business by the [...]
READ MORE »The Home office
Tweet Guest post by Mariette Knoblauch of Ballard Beancounters In the economic chaos of the past few years, many people have turned to self-employment. If you have a home-based business, you may very well have a home office, and a convenient deduction on your federal income taxes. What makes a home office deductible? There are [...]
READ MORE »Form 1099 Rules & Regulations
Tweet Here are some guidelines to help determine if a vendor needs to be set up as a 1099 vendor. Who must file Form 1099? Persons engaged in a trade or business must file Form 1099 MISC when certain payments are made. A person is engaged in business if he or she operates for profit; [...]
READ MORE »Are You Enjoying a Hobby – or Running a Business?
Tweet Why It Matters Millions of Americans use hobbies to relax and take their mind off work. But hobbies that turn a profit – such as sewing, woodworking, fishing, gardening, stamp and coin collecting – may actually be considered businesses by the IRS. So, when does a hobby become a business and how does that [...]
READ MORE »Choosing the Right Representative: A Re-post
Tweet Rob Teuber is an attorney with the law firm Weiss Berzowski Brady LLP and author of the tax law blog www.federaltaxlawforum.com. I deside to repost this as it would seem the information has been forgotten. Choosing the Right Representative to Help You with Your Federal Tax Problems. When you or your business is [...]
READ MORE »Tax for Truckers
Tweet Truck-driving is a vital industry to our economy. I have been a part of that industry for 24 years and know I will always be a part of it. I even maintain a Class A CDL. As such I am very familiar with the ins and outs of the trucking industry and its related [...]
READ MORE »Reads from Last Week
Tweet Five Critical Facts About Business Growth is a video blog post from Chad over at Bordeaux and Bordeaux in Charlotte North Carolina. I haven’t posted much from his blog but that’s because I am to lazy to watch so I can’t really say if they are worth watching or not. However I did watch [...]
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