The new business interest expense deduction is one of the Tax Cuts and Jobs Act (TCJA) changes that could have a significant effect on a business’s net income and increase a company’s tax liability.
About the Business Interest Expense Deduction… Read More
Part Two in a Series on How to Make Accounting Easier with QuickBooks Online
Having an organized chart of accounts provides an accurate snapshot of how your company is spending and receiving money. The chart of accounts is ever-evolving as… Read More
If you are charitably inclined and typically donate to your favorite not-for-profit organizations each year, you may be wondering how tax reform will affect your charitable giving. If you itemize your charitable donations, it’s important to understand how the new… Read More
Part One in a Series on How to Make Accounting Easier with QuickBooks Online
When selling goods or services, businesses need to create a record of the transaction for accounting purposes. Depending on the situation, you will either give customers… Read More
There has been a lot of buzz about tax reform changes and how they will affect companies in the coming tax years. Some of these changes include the reduction of the corporate and individual tax rates, the repeal of the… Read More