Tax credits and deductions change regularly, and the Tax Cuts and Jobs Act of 2017 eliminated some deductions and limited some others. However, there are still ways for wage earners to lower their tax liability. Currently the federal income tax brackets range from 10% to 37%, but if you’re smart about claiming deductions and creditsContinue reading “Steps to Reducing Your Taxes”
Tag Archives: growth
Tips on Effective Debt Management for Business Owners
It is important to have debt management skills when you own a business. However, if you find yourself further in-debt than you would like and you do not have debt management skills, don’t panic. There are options available. Below you will find useful and effective tips to assist you in taking control of your debts.Continue reading “Tips on Effective Debt Management for Business Owners”
Work & Everyday Life Balance
Are you struggling to balance it all? It isn’t easy, and you aren’t alone. Many individuals struggle daily with balancing family, work, their personal selves, and hobbies. It can seem overwhelming at times and also cause us to feel like we are neglecting some aspect of our lives, and sometimes it’s not just a feelingContinue reading “Work & Everyday Life Balance”
Common Accounting Terms Explained
Accounting is the process of recording, assessing, and communicating financial transactions which helps individuals and organizations understand their financial health. This work is done by keeping track of expenses, profits, and losses. Effective accountants ensure clients understand their legal obligations, financial performance, and that they can develop budgets and plan for their future. However, businessContinue reading “Common Accounting Terms Explained”
Accounting Software- Which one is the best?
While we did discuss tips and tricks for QuickBooks in our May blog post, there are other highly rated accounting softwares available. QuickBooks is the top-rated accounting software, but there are other names you may not recognize that also provide excellent features. Really the choice on softwares should be what suits your business the bestContinue reading “Accounting Software- Which one is the best?”
How to Grow Your Business Through Marketing
In March we discussed opening your own business and the benefits of owning your own company. Once you make the decision to become your own boss, a huge concern is- How do I grow my business and make it successful? The answer is marketing. Utilizing marketing strategies can grow your consumer/client base, get your companyContinue reading “How to Grow Your Business Through Marketing”
Should I hire an outside Accountant?
Outsourcing has become a new wave for many small to large companies. Hiring trusted accounting companies versus an in house accountant frees up time and resources that the company can utilize elsewhere. Here are some reasons that many businesses have begun to outsource their accounting needs. SAVING YOU MONEY Outsourcing first and for most isContinue reading “Should I hire an outside Accountant?”
TK Accounting & Consulting 