Unfortunately, business meals are only 50% deductible for tax purposes. However, there are two ways your business meals can be 100% deductible, according to the IRS. Recreational Expenses for Employees Normally meals are 50% deductible and entertainment is not deductible at all. But if the meals are for recreational, social, or similar activities for your […]
Accounting
Tips for Start-Ups
The stats on business failures are depressing, and here are some tips to ensure your success. Experience with the Industry If you have worked in the industry for many years, especially as a manager, then you have a solid background of experience to help you run your own business. This is especially true if you […]
5 Tips to Improve Cash Flow Immediately
Does your cash seem to be lacking even though your business is doing well? Here are 5 tips to immediately improve your cash flow: Accept Electronic Payments You’d be surprised by the number of businesses that rely on having their customers send them checks. It’s such a slow process that can take weeks or months […]
Turn Your Business into a Subscription
Why would you want to turn your business into a subscription? Not all businesses can do this, but here’s why and how to get started. Subscription Defined A subscription-based business model is one where a customer or client pays a fee periodically for a service or a product. For example, Netflix charges a monthly fee […]