HOW LONG SHALL I KEEP MY RECORDS?
Federal law requires you to maintain copies of your tax returns and supporting documents for three years. The three years begin at the...
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Aug 1, 20224 min read
TAX RETURN DUE DATES
All tax due dates assume that date falls on a business day. If the due date falls on a holiday or weekend, the due date will be the next...
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Jul 1, 20221 min read
IRS STANDARD MILEAGE RATES
Updated February 2023 Business: 65.5 cents per mile Medical/moving: 22 cents per mile Charity: 14 cents per mile ​ Taxpayers always have...
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Jun 1, 20222 min read
DEDUCTIBLE BUSINESS EXPENSES CHEAT SHEET
Here's a handy list of tax deductible business expenses to get you started tracking. Scroll down if you're a trucker... there's a bonus...
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May 1, 20223 min read
THE BEST TAX SHELTER AROUND - YOUR PERSONAL RESIDENCE
If you’re a homeowner, Uncle Sam has thrown you a tax shelter that’s beyond compare. You may deduct the mortgage interest paid on your...
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Apr 1, 20222 min read
HOME OFFICE DEDUCTION
You’ve decided to start a small business working out of your home. Life is great and you can’t beat the commute. Now, how will this...
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Mar 1, 20226 min read
CREATING SUCCESSFUL PARTNERSHIPS
This article was originally written and published in The Business Bulletin. Some time ago our little group of writers was requested to...
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Feb 1, 20226 min read
AN OVERVIEW OF THE US TAX SYSTEM
This article was originally written for and published in The Business Bulletin. Several questions were posed to me in an email recently....
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Jan 1, 20226 min read
COFFEE, COMPUTERS, QUICK BOOKS, & COOKED BOOKS
This article was originally written for and published in The Business Bulletin. There’s a sign hanging up in our office break room that...
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Dec 1, 20212 min read
TAX DEDUCTIONS FOR DONATIONS
Face it, you’ve been putting it off all year. Maybe you have to turn sideways to get in the storage room or have given up on parking your...
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Nov 1, 20216 min read
TOO LATE TO GET YOUR DOG OUT NOW
This article was originally written and published for The Business Bulletin. Here are some thoughts about dealing with taxing and...
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Oct 2, 20212 min read
ADVANCE CHILD TAX CREDITS
What you need to know: It seems to me that our politicians are finding ways to dole out money to the public in search of support. I...
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Oct 2, 20211 min read
TAX DEADLINES EXTENDED
TAX DEADLINES EXTENDED BECAUSE OF HURRICANE IDA AUTOMATICALLY APPLICABLE TO ALL RESIDENTS OF LOUISIANA (Also applies to any of our...
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Sep 1, 20215 min read
ACCOUNTING TIPS FROM DAD'S DAIRY FARM
This article was originally written and published in The Business Bulletin. People often ask me about how I got started in the Accounting...
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Aug 1, 20216 min read
MENNONITES ON THE MOVE
This article was originally written for and published in The Business Bulletin. Thoughts on taxes, trades, and turning stones... My Dad...
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Jul 1, 20217 min read
BUYING & SELLING A BUSINESS - WHAT'S IT WORTH?
This article was originally written for the Tax Tips column of The Business Bulletin. I had an Allergy Specialist tell me the other day:...
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Jun 1, 20214 min read
COMPUTERIZED BOOKKEEPING
This article was originally written for and published in The Business Bulletin. I also had recommendations for software which are...
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May 1, 20219 min read
ESTATE PLANNING - PART 2
This article was originally written for and published in The Business Bulletin. I wish I could think of a way to make this subject more...
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Apr 1, 20215 min read
ESTATE PLANNING - PART 1
This article was originally written for and published in The Business Bulletin. Who Needs Estate Planning? Whoever Expects to Die...
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Mar 20, 20211 min read
TAX FILING DEADLINE POSTPONED FOR INDIVIDUALS
IRS has announced the due date for individual income tax returns is postponed from April 15, 2021, to May 17, 2021.  This includes the...
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