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Today, I'm talking about... Let us talk about a new credit for your employees. This lesson only apply to those business owners that actually have employees. In 2018, if you have an employee and you pay them for either a family or medical exempts, you can get it in your credit. Ow, that credit has to meet, the payment has to meet certain requirements. You have to have a written policy

Today I'm talking about... If you have listened to my other videos, you heard me talk about the annual meeting. If you're a corporation, you are required to have an annual meeting. When you went to the Secretary of State and you filed that paperwork, that was part of the contract you have with the Secretary of State. You are supposed to hold this meeting once a year; it's a

Today I'm talking about... Hey there. Today we're talking about accounting policy. What are accounting policies? Those are the rules you follow when you keep your records. Now there's some policies you need to have in place because they're required by the IRS. For example, you need to have in place a policy for how you capitalize asset, you need to have in place for reimbursements, you need to have

Today I'm talking about... During the course of your business, you often buy things. You might go to Office Depot, Staples, Walmart, wherever you buy your office supplies from. Some items you buy are really inexpensive. For example, a pen, pencils, they cost $5, $10, $15, $20. And sometimes you buy more expensive items like computers, equipment’s you need for your business, and things of that nature. So, when you buy more expensive

So today we're talking about audit proofing the business. Record keeping is very fundamentals of keeping good, audit proofing your business. Record keeping is a discipline of keeping track of what is going on in your business. The goal of good record keeping is to, one provides information that helps you make good business decisions and two meet your legal obligations to the tax authorities. Record keeping is useless if