“I don’t want to make an extra $2,000 because that will put me in to the next tax bracket and cost me more.” We hear this same refrain every year around tax time. It seems just as many people believe this tax bracket myth as do people who believe in the Lochness Monster (which is …
When setting up your business, which method is right for you? Small businesses are required to determine if they will file as a cash or accrual based business when they submit their first taxes. Deciding if you should elect to be a Cash or Accrual based business may seem like a simple question for the seasoned accountant, …