SFP

Do I Need To Fire My Accountant?

Should you fire your accountant? It is not an easy question nor an easy answer. As Accountants we become the hero of the story when

Business Management

Business IS Personal

I’ve often said, “It’s not personal; it’s business.” While I make some decisions in the business world that I wouldn’t personally, the reality is that

Tax-Saving Tips

Paying Your Child: W-2 or 1099?

Here’s a question I received from one of my clients: “I will hire my 15-year-old daughter to work in my single-member LLC business, and I expect

Business Taxes

Self-Employment Tax Basics

If you own an unincorporated business, you likely pay at least three different federal taxes. In addition to federal income taxes, you must pay Social

Tax-Saving Tips

New 62.5 Cents Mileage Rate

The IRS noticed that average gas prices across the United States exceeded $5.00 a gallon and took action. Small businesses that qualify to use and

Tax-Saving Tips

How to Deduct a Cruise to Mexico

You may not have thought of this but taking a cruise ship to Mexico for a business meeting is acceptable as a deductible form of

Copyright © 2020. Counting Pennies. The Value of Counting Pennies.

×
×

Cart