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Be Smart and Use an LLC Operating Agreement

When you form an LLC, you need to draft articles of organization that comply with the state’s LLC act and then file the articles with the appropriate state office.

Unpaid Taxes? Goodbye Passport

Learn more about a new law that requires and/or authorizes the State Department to deny, revoke, or limit your passport if you have tax debt.

Mileage Log Required for Vehicle Tax Deductions

Whether you use the IRS mileage rate method or the actual expense method, you need a written record that proves your business percentage of use.

Settle Your IRS Tax Debts for Less Than What You Owe

If you owe the IRS a significant sum, the offer in compromise is a powerful tool to resolve unpaid tax debts

Accounting for Day Care business: How to better manage your cash flow.

Managing the accounting for a day care business often requires good management of cash flow. In this article, we explore how to better manage your cash flow needs in your Day Care businesses.

How your Stand Up Paddle Board business can stand out from the competition.

In this article, we explore some of the best practices and ideas to help your Stand Up Paddle Board business stand out from your competition.

How real time Tax Planning can help you slash your tax bill.

This article explores how proactive real-time tax planning can help reduce your tax bill

Why your current accountant may be holding you back

In this article, we explore how reactive accountants can hold back your business and how proactive accountants are implementing innovative solutions to maximize their value.

Advantages and Disadvantages of an S Corporation

Are S Corporations a viable entity for your business? Discover the advantages and disadvantages in this article.

Why understanding basis in your S Corporation is critical?

If you own an S Corporation, understanding basis is absolutely critical. In this article we explore how basis can impact your tax situation.

Host your Corporate Annual Meeting and get a tax deduction in the process

Holding an annual Corporate Meeting is not only a requirement but also a great tax saving strategy, learn how in this article.

Why being a sole proprietor as a consultant may be killing your business.

In this article we explore how a consulting business operating as a sole proprietor can significantly reduce their tax liability by changing their legal structure to an S Corporation.

The Five Most Overlooked Small Business Tax Deductions and Strategies

Five Winning Tax Strategies for Business Owners

How to build a better legal practice using cloud based technology

Improve your practice efficiency and build a collaborative client environment with cloud technology.

What are the costs of hiring an in-house Bookkeeper vs. a Virtual Accountant

Accounting is essential in order to manage your business therefore, it is important to find the right accountant and the right arrangement that fits well with your business financial needs. As a result, it is important to first weigh the costs of either hiring a full-time bookkeeper vs. outsourcing to this function to a Virtual Accountant.

Why your business needs Real Time Accounting

Real time accounting is critical to your business survival and long term success, in this article we will discuss some of the benefits of real time accounting.

How to get Organized for Tax Season

Download our FREE Tax Organizer Checklist to help you prepare for tax season.

How Donald Trump's Tax Plan will affect you

See how some of the Tax Proposals Donald Trump has set forth in his agenda will impact you

How to streamline your Billable Expense process

Billable expenses don't have to be challenging, see how Xero can help you streamline the way you capture and submit your Billable Expenses

How Budgets can help your Business Grow

Eight Tips to accelerate your business growth by creating highly effective budgets.

Obamacare Increasing? Cut Your Medical expenses through lower taxes

The cost of Health Insurance has steadily increased in the United States, however you can cut your medical costs by implementing the following tax strategies.

What to do if your Identity has been stolen

Mitigating the risk of identity theft and safeguarding sensitive information is great, but what if your identity is stolen? This article discusses some steps you can take to restore your identity.

Smart Year-End 2016 Tax Planning Tips

The Last Quarter of this 2016 Fiscal Year is winding down and there are several ways taxpayers can implement smart strategies that will reduce their overall tax liability.

College Students graduating with $30,000 in loans.

Education costs have been steadily rising at a much faster pace than family incomes, however, business owners can implement some proactive tax mitigation strategies to reduce their tax burden and help their children with the high cost of Student Loan debt.

eCommerce Businesses and collecting Sales Tax across multiple States

Filing Sales tax for your eCommerce business can be challenging and confusing, this article should help clarify when to collect Sales Tax.

How to reconcile those pesky Amazon Settlement Statements

eCommerce businesses often struggle when reconciling the Amazon Settlement Statements, here is an alternative solution.

eCommerce Accounting, Opportunities, Challenges, and Solutions to your growing business

eCommerce is revolutionizing the way companies are doing business, this article explores some of the challenges and potential solutions unique to eCommerce businesses.

What can the 1995 Tax Returns of Donald Trump teach us?

While only three pages of Donald Trump's State Tax Returns were released this weekend, there are a few things we can learn from them.

Beware of Fake IRS Notices

The IRS has issued a new warning regarding a significant number of scam emails associated to fake IRS Notices

Don’t Wait Until Tax Time to Track Your Miles

If you drive your car or other vehicle for business purposes you can get the biggest deduction you deserve by reading this article.

How to effectively manage your Cash Flow

In this article we discuss the importance of the Cash Flow Statement and how to use it effectively in order to better manage your business cash flow.

Accounting for freelancers and microbusinesses

If you are a self-employed but don't need a full blown accounting platform, we have a solution for you.

Beautiful Accounting for Creative Entrepreneurs

Do you want a simple, beautiful yet smart accounting software that works perfectly with your creative business? Then read this article.

Cloud Accounting for Attorneys and Legal Professionals

Reduce the amount of time spent doing administrative duties and more time helping clients, see how Cloud Accounting can change your Practice.

Accounting and Tax Strategies for Real Estate Professionals

As a Real Estate Professional are you taking advantage of all possible tax deduction available to you? Learn some of the most overlooked tax strategies for Real Estate professionals.

Real-time Bookkeeping and Accounting for your small business

Why does your business need Bookkeeping and Accounting that is continuously updated? In this article, we explore the benefits of real-time bookkeeping and accounting for your business.

Beyond Accounting and Tax Services exploring the importance of a Breakeven Analysis

Go beyond Accounting and Tax Services, this article discusses the importance of a Breakeven analysis for a small business.

How a small business accounting firm can help you gain deeper insights about your business

Discover how a small business accounting firm can help you track, understand, and improve your business performance, and help you make better business decisions for your company.

CPA the Cloud Proactive Accountant

A CPA or Accountant in public practice is often viewed as a Tax Preparation expert however, in recent years we have seen a significant change in how a CPA or Accountant can work with their small business clients.

How Small Business Accounting in Charlotte NC in being transformed using Cloud Technology

Small Business Accounting in Charlotte NC does not have to be reactive any longer, it can truly become real time by using cloud accounting applications like Xero.

Oh No! I forgot to file my tax returns

This article provides a high level overview of the tax implications associated with filing a late tax return.

Tax Planning your own Early Warning System

Tax Planning is excellent early warning system to help you identify tax saving opportunities before tax season.

Piercing the Corporate Veil of your Small Business

Four ways an LLC or corporation's owners, members, or shareholders can be personally responsible for business debt.

Love your Small Business Payroll Again with ZenPayroll

ZenPayroll is an innovative cloud based Small Business Payroll Platform that can streamline the way you run payroll.

What to do with that IRS Tax Debt

You have an IRS Tax Debt and cannot afford to pay it, explore your options in this article.

Xero cloud accounting, how secure is it?

How secure is my small business accounting information in Xero, this article might surprise you.

The Small Business Time Value of Money

How much is your DIY Accounting and Tax work really costing you? explore some interesting statistics.

Your Small Business in the Cloud

Your small business no longer has to deal with unintuitive accounting software, make the switch to the cloud.

Tax Deductions for Employee Meals

How to make your employee lunches 100 percent business deductible

Tips for Planning Next Tax Season

How to minimize your tax liability and avoid surprised in 2015

How to deduct your daily commute mileage

Maximize your mileage deduction using your residence as the primary principal place of business.

How to maximize the home office deduction for your S Corp. business

Maximize your home office deduction for your S Corp. using a great tax planning strategy.

The dealer or investor classification for real estate holdings

Individuals thinking of investing in real estate properties should be aware of tax implications associated with dealer vs. investor classification

The importance of selecting the correct business entity

Selecting the best business entity for your small business can have significant tax implications.

Polaris Tax & Accounting obtains CTC Status

Joe Serrone with Polaris Tax & Accounting has received the Certified Tax Coach (CTC) designation, saving clients thousands of tax dollars in missed tax credit opportunities using proactive Tax Planning strategies.

Xero has a new Dashboard

Next week brings the first of some ongoing updates to the Xero Dashboard.

Use your car as a tax saving machine

Capture business miles correctly and save thousands

The Blue Ocean of Accounting

Is there a Blue Ocean in the accounting world? Yes! How cloud accounting has changed everything.

Pioneering Real-Time Small Business Accounting in Lake Norman, NC

How our Real-Time Small Business Accounting in Lake Norman, NC is helping businesses better understand their cash flow requirements

Revolutionizing the way your Small Business does Accounting

How Small Businesses are profiting from the next generation of Accounting Firms

How Small Business Accounting with QuickBooks can be costing you thousands

Most Small Business Accounting in Huntersville, NC is performed using QuickBooks, but is this the right solution for your needs?

Tax Preparation vs. Tax Planning

There are many Tax Preparation offices in Huntersville but is tax preparation the same as tax planning? Absolutely not!

Manage your Cash Flow using Real Time Accounting

It is estimated that 80% of small business failures are due to poor cash flow management, this is related to outdated accounting applications like QuickBooks and traditional Accountants that only focus on providing a picture of last month's finances.

How to Audit-proof your Travel & Entertainment business deductions

The tax law allows you to deduct travel and entertainment expenses related to the active conduct of your business; these expenses however remain a top audit target for IRS examiners especially because of the continuous abuse by taxpayers.

Tips for Self-Employed Taxpayers

If you are an independent contractor or run your own business there are a few basic things to know when it comes to your federal tax return, this article discusses six tips you should know about income from self-employment.

Reduce Your Taxes with Miscellaneous Deductions

An overview of items that can be considered tax deductible under the Miscellaneous Deduction category

Which Moving Expenses are Deductible?

An interesting blog regarding moving expenses and which type are considered deductible

Small Business and the Affordable Care Act

This article discusses some of the requirements Small Businesses must be aware of as a result of the Affordable Care Act

Small Business Budgeting: Four Steps to a Better Plan

Matching expenses to revenue is important because it can help you determine whether you have enough capital to fund operations, expand your business, and provide enough income for yourself.

How to avoid the IRS from classifying your business as a hobby

Having a business provides a great tax-reduction opportunity; in fact if your business produces losses you can generally apply such losses against other forms of income therefore reducing your overall tax exposure.

Qualify your Conventions and Seminars for a Tax Deduction

In this article we will discuss some of the issues associated with the deductibility of conventions and seminars aboard cruise ships, and an alternative strategy to deduct your next cruise trip.

How to Write Off 100% of Entertainment Expenses

Entertainment expenses like playing golf, and fishing tips with a clients are usually only deductible at a rate of 50% however, Reg. Section 1.274-2(d)(3)(ii) creates a loophole that allows a business owner to deduct 100% of entertainment expenses.

Three Ways to Make Payroll Processing Less Aggravating

If you’re like many small business owners, the thought of doing payroll processing for the period may make you want to pull your hair out.

Tax rules when cruising for Business Purposes

A cruise mixed with business can be deductible in certain circumstances, find out more…