Small Business | Thriving Women in Business Community

Are You Over-Deducting Gifts?

Tax deductions are helpful—but one very common mistake small business owners make is to over deduct gifts on their taxes. Here’s how to deduct gifts correctly. The cost of business gifts to customers may be deducted whether the gift was...Read More

Cash vs Accrual Accounting: What’s the Difference?

There are two forms of accounting that can be reported on an income tax return: cash and accrual. Most small businesses operate using the cash accounting method. This is when income and expenses are realized when money is either received...Read More