Odds are that if you’re running a company that’s scaling rapidly, you’ll likely experience growing pains in some form or fashion. You know, like figuring out how to secure more office space. Writing HR processes. Setting onboarding expectations and offering better training opportunities for new team members.
You may be able to deduct the following miscellaneous expenses, if they were incurred in the normal course of carrying out your responsibilities as an employee: * Business bad debt of an employee. * Business liability insurance premiums. * Damages paid to a former employer for breach of an employment contract. * Depreciation on
First in a Series to help entrepreneurs, startups, and new business owners understand their financial reports. For most startups, entrepreneurs and new business owners, there is often a mystique surrounding the company’s accounting and finances. While accounting can be complex, the fundamentals of bookkeeping and financial reports can be
If you owe the IRS and are unable to settle your tax bill because you do not have the resources to do so; don’t panic, there might be a way out – the IRS could declare you “Uncollectible.” In order to be declared uncollectible by the IRS, you will have
Did you know that business travel is not the only type of deduction you can submit to the IRS? Trips made for charitable or medical purposes count too! Charity-related deductions Deducting mileage expenses relating to charitable activities can be handled through the Standard Charity Mileage Rate, or by deducting the