Protect the “ordinary and necessary” advertising expenses of your business
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their taxes. However, in order to be deductible, advertising and marketing...
How to receive payments in QuickBooks Online
It’s more enjoyable than paying your bills. Here are three ways to process incoming money from customers. One of the biggest problems small businesses face is maintaining a positive cash flow. It’s a constant battle. How do you keep your income running ahead of your...Passing the public support test
Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported charities enjoy higher tax-deductible donation limits and generally are exempt from excise taxes and...