This one is mainly for all my new friends in Facebook’s Tax 101 group (especially the people who are new to flying solo). Still, it is good advice for most business owners and just regular people too although not all of it may apply to your particular situation. Change your passwords annually. Change the login… Read More

Yesterday I was in a two-hour class that felt like I was drinking from a fire hose. I sort of had a meltdown (OK, maybe not sort of) and I just had to go home. Today is better. I realized that right now is a lot like then end of 2018 and early 2019 when… Read More

In this classic post I explain what “all those letters mean” including CPA. Many people use CPA as a generic term for accountant, bookkeeper, and tax professional. Let me assure you CPA is not a generic catch all and the CPA credential involves some heavy lifting to get and to maintain. This post from Powerful… Read More

I recently read that 95% of small businesses fail within the first 5 years due to either bad management, under capitalization, or some combination of the two. Tax issues for small business owners have the same roots. Bad record keeping is often a sign of bad management. Mileage is one of the most highly scrutinized… Read More