Starting a Small Business can be exciting but also comes with some challenges. One is trying to decide which business entity is right for you. The type of entity you choose will impact various parts of your business, from the control you have as an owner and...
Mileage Tracking is one of the major issues especially with small and medium-sized businesses. Since mileage cost is tax deductible which ultimately reduces the tax liability, it is important to track all your business mileage expenses whether incurred by the business...
With the impact of the covid pandemic and the global economic crisis, the only reason any enterprise will remain in business is if they are proactive in their planning. Proactive planning is the most common way of budgeting and forecasting in light of the ongoing...
Businesses are allowed to deduct certain types of expenses for tax purposes. These expenses are deducted from the income of the business in order to arrive at the taxable income figure thus reducing the ultimate tax liability of the business. That being said, it is of...
Whether you run your own business or work for someone else, it can feel like a constant struggle to stay afloat. It’s easy to take some parts of the business for granted when there’s so much going on around us. According to recent research, nearly 57...
