Question Leslie relocated in 2020 for a job opportunity. Her new employer didnt provide any financial assistance for the move. Can she deduct any of her moving expenses from her tax return? Answer Unfortunately, due to the Tax Cuts and Jobs Act, moving expenses are no longer tax deductible. The only exception is for members … Read more
In December 2019, I applied to be a part of the North San Antonio Chambers Leadership Lab Program. Leadership Lab is the North Chambers award-winning leadership and professional development program. Every year, a class of up to 100 professionals (from varying industries) apply to become a part of a nine-month training program that focuses on … Read more
Taking your customer service up a notch can reap huge benefits. If you want to retain satisfied clients who help spread the word about your business, use these steps to wow them. DO WHAT YOU SAY Everyone appreciates someone who honors their word. Clear communication from the start is key. Mapping out exactly what will … Read more
Do you keep track of all the money you spend in a month? Tracking your expenses will help you take control of your financial life. SPENDING TRAPS By tracking your expenses each month, youll be able to identify negative spending habits that you can change to make your money work better for you. You might … Read more
Are you a medical provider who received Provider Relief Funds (PRF) from the Department of Health and Human Services (HHS)? Why did you receive these funds? What requirements do you need to meet to comply with Health and Human Services? The federal government responded to COVID-19 with several laws which provided new programs to help … Read more
Did you know, misfiling your 1099 Forms carry a substantial penalty? Next month is the due date for their timely filing. Now is the perfect time to review your vendors in your accounting software while there’s still time to gather any missing information to ensure you are ready for filing. A 1099 form is an … Read more
Depreciation is the allocation of the cost of a physical asset over its expected life. Its a way of estimating how much of the asset has been used up. Depreciable assets include things like buildings, vehicles and equipment and there are a few ways to record depreciation on your tax return. SECTION 179 DEDUCTION For … Read more
As the year comes to an end, it is time again to consider how you can keep a little bit more of your money out of Uncles Sam pocket. Below is a list of tax ideas for the savvy small business owner. Some you have likely heard of before, but maybe youll see something new … Read more
Reviewing where you stand financially before the end of the year means you can take advantage of tax-saving opportunities that end December 31, 2020 and then start financially strong in the New Year. BE FLEXIBLE If you have a flexible spending account (FSA), be sure you use all the funds before years end, unless your … Read more
In this new era of working from home while attending virtual meetings, people are not sure how best to present themselves when on camera. Here are some guidelines everyone can follow during their next virtual meeting. One of the most important things you can do is to stage your area. Soft natural light in front … Read more