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Avoid the Pitfalls of DIY Accounting

SingleTrackAccounting

You are running your business and doing a great job at staying on top of your bookkeeping, not to mention you are saving money by not hiring help. You could spend several hours, perhaps days navigating PPP loans, running payroll, and filing taxes even if you were organized. Working on growing your business? Think again.

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5 Tax Saving Strategies for Small Businesses

SingleTrackAccounting

Carrying health insurance is still mandatory under the Affordable Care Act and most small business owners can deduct health insurance related expenses for themselves and their employees on their business tax return. Example: Alley, a small business owner, contributes $15,000 per year to her SEP IRA retirement account.

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