Dec 5, 2019 | Business, Tax, Uncategorized
I file a Sales & Use Tax every month based on my taxable sales. I never remit Use Tax. What is it? Generally, Use Tax is due on out-of-state purchases of goods or services that would have been subject to sales tax had they been purchased New Jersey on which either...
Dec 5, 2019 | Business, Tax
If you use part of your home regularly and exclusively for business you may be entitled to a deduction for the expenses associated with maintaining that work space whether you are self-employed or an employee. However, for an employee expenses are deductible only if...
Dec 5, 2019 | Business, Business Financial Consulting, Business Health
When we think of business performance consulting or business financial consulting, we may think of these services as appropriate for struggling or underperforming businesses. In our years of consulting, that is not the typical situation. While we work with some...
Dec 5, 2019 | Business, Business Financial Consulting, Tax
By: Michael Salad There are numerous reasons why owners should form business entities. One of the most common questions that arise is what type of business entity a business owner should form. Many business owners wish to form a limited liability company (“LLC”)....
Dec 5, 2019 | Business, Business Financial Consulting
I am opening a new business that will be operating as a partnership. How do I draw a paycheck? ~ Carrie Gill You don’t. Partners, and members of LLCs taxed as partnerships, are considered to be self-employed, not employees when performing services for the partnership....
Dec 5, 2019 | Business, Personal Finance, Quickbooks
Did you know that you can save images of receipts using Quickbooks Online Mobile? This app can be downloaded free for Android devices from the Google Play Store or for iPad and iPhone devices from iTunes. Data such as expenses can be directly entered into Quickbooks...
