Buying a business provides a tremendous money making opportunity because it combines six factors that make it far superior to any other form of investment.
These six factors are:
- Appreciation
- Leverage
- Depreciation
- Amortization
- Conversion
- Cash Flow
Let us analyze each of these from the view of the business owner.
Posted on
Sep 29, 2016
Q: I am working on filing my extended tax return that is due in October and I discovered a number of payments that I did not include on last year’s tax return. Can I just include those on the next year’s return or have I lost the benefit of those items? A: The easy answer is ‘No’ to both questions. It would not be appropriate to include payments made in a prior year on the current year’s income tax return, but the good news is that does not mean you have lost the benefit.
Posted on
Sep 29, 2016
It’s September and with the changing of the season comes the beginning of a new school year. It also means that we have handed out scholarships again for the 27th year in a row. Members from across the country work with their dependents to fill out applications early in the year. The applications are then carefully and thoroughly reviewed with winners being notified over the summer in preparation of the Fall semester.
Posted on
Sep 29, 2016
The NASE supports a simplified tax code which is always better for the long-term survival of small businesses. Secretary Clinton’s focus on both a standard business deduction and access to health care are two essential tools for the small business community. Offering health care benefits to employees is on point: in fact, we support this in conjunction with the flexibility of Health Reimbursement Arrangements in order to ensure small business stability and health of both their employees and businesses.
Posted on
Sep 29, 2016
Whether you’re starting a new enterprise or taking over the family company, the challenges that face small business owners are the same: increase market share, diminish costs and risk, and fulfill your mission or vision. To achieve all these, micro business owners must wear many hats. Whether you planned to be an HR manager or not, you hold the HR responsibility. Entrepreneurs are learning they can not only manage these obligations, but use them to help grow their company.
Posted on
Aug 30, 2016
Q: I have started a small business selling weight loss supplements and I am considering adding little magnet signs to the side of my car. If I choose to do this will the full cost of my car now be considered advertising? A: Investing in your new business via advertising is certainly a good idea and the costs you incur will certainly be deductible. Unfortunately, the addition of the advertising sign to your vehicle will not change the character of the vehicle itself, nor will it change the deduction for the business use of that car. Perhaps the bigger concern is to make sure that you indeed maximize the deduction to which you are entitled.
Posted on
Aug 30, 2016
Teewa Akers is the owner of The Bookkeepers Accounting Service MD (Bookkeepers MD) located in Upper Marlboro, Maryland. The goal of Bookkeepers MD is to provide quality accounting services and increase financial literacy one client at a time. Teewa believes that financial literacy is extremely important for individuals and business owners alike, without a strong financial background, you may not be equipped to make major financial decisions. The Bookkeepers MD also specializes in working with small businesses to free up precious time for business owners to run their businesses instead of worrying about accounting and tax issues.
Posted on
Aug 30, 2016
It is official, the Republican nominee for President is Donald J. Trump and the Democratic nominee for President is Secretary Hillary R. Clinton. The political parties met at their respective conventions in July to formally nominate their party’s candidate.
Posted on
Aug 30, 2016
The National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for self-employed and micro-businesses, today voiced its support for a set of new small business tax proposals released by the Hillary Clinton presidential campaign. Specifically, the small business standard business deduction will go a long way in reducing the complexities small businesses face in completing their tax returns.
Posted on
Aug 23, 2016
The National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for self-employed and micro-businesses, today voiced its strong support for a set of new small business tax proposals released by the Hillary Clinton presidential campaign. Specifically, the small business standard business deduction will go a long way in reducing the complexities small businesses face in completing their tax returns.
Posted on
Aug 23, 2016