Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Archive for the ‘Small Business Accounting’ Category

Enacted on March 18, 2010, the Hiring Incentives to Restore Employment (HIRE) Act has two new tax benefits that are available to employees who hire certain previously unemployed workers (“qualified employees”).


Payroll Tax Forgiveness for Hiring Unemployed Workers:

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Should I Purchase a Tax Deduction?

Posted by Mark On May 3rd

A very common question I hear is…

Should I purchase a tax deduction?

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7 Things Every Small Business Owner Needs To Know

Posted by Mark On February 8th

If you’re a small business owner, here are 7 very important things…

Everything I discuss is also available in eBook form on my Web Site at: www.Makara-Assoc.com.

…you need to know:

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Travel and Uniform Reimbursement Policies

Posted by Mark On February 1st

Most employers reimburse employees for expenses incurred away from the office on business travel.

This is the final part in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

These reimbursements are allowed but are treated differently to the employee whether an accountable or non-accountable plan is in place.

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Entertainment and Meal Deductions

Posted by Mark On January 26th

The expense for meals and entertaining clients, customers or employees can qualify…

This is part 6 in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

…as an ordinary and necessary business expense, usually limited to a 50% tax deduction of the total cost.

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Advertising vs. Web Marketing

Posted by Mark On January 6th

Magazines? Newspapers? Networking Groups? Radio? TV? Email? Internet? Social Networking Sites?

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This is part 5 in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

With all the choices and dollars needed to make it effective, an understanding of your target market and correct allocation of dollars is a must to successfully market your business and gain that steady stream of leads and sales.

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Choosing an accounting software package can be daunting, but it’s a VERY important task.

Accounting Software

This is part 4 in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

Selecting the wrong software for your company could save money in the short-term but cost more in total resources in the long run.

Additional costs incurred will include:

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Human Resources and Payroll Issues

Posted by Mark On December 23rd

The do’s and don’ts of human resources and payroll processing can be expensive!

Human Resources and Payroll Planning

This is part 3 in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

For example:

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Tax Planning is a Year Round Activity

Posted by Mark On December 16th

I work with a number of business owners who, over the years, have learned tax planning CANNOT be done effectively in February, two months after most year-ends.

Tax Planning

This is part 2 in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

Tax planning is a year round activity.

Questions such as:

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Cash flow management is the #1 key to any successful business.

Cash Flow Management

This is part 1 in my 7 part series “7 Things Every Small Business Owner Needs To Know”.  You can download this entire series in my eBook on my web site – www.Makara-Assoc.com.

In today’s environment of small margins, tight credit and monthly bills coming due, it seems like every two weeks, the availability of “cash” is at a premium.

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