H&R Professional Group

06/20/2022

Five business strategies you can steal from this groundbreaking entrepreneur's playbook.

06/19/2022

There are advantages and disadvantages to structuring multiple business, and lots of ways to do it wrong.

11/04/2019

12/05/2017

Hi everyone! It’s the end of another year and the beginning of a new tax season. Here are a few things to keep in mind as we transition!"

-Expenses paid for in 2017 can be deducted on this year's tax returns, so if you are profitable this is the perfect time to pre-purchase (deduct) items you plan to use in 2018.

-Accurate financial records are used to help report income and expenses to the IRS and also for making smarter financial decisions on where you spend. Don't risk missing expenses and reducing your tax because of (1) not being prepared prior the deadline, (2) missed expenses on multiple (personal) cards, (3) cash transactions that don't show up in the bank statements.

-If you've paid anyone more than $600 during the course of the year then you are required to issue a 1099 to each individual paid, as well as send a copy to the IRS. This applies to everyone who is NOT a shareholder or a W2 employee on payroll.

Please respond to this post or schedule an appointment links below for more information.

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11/15/2017

There's a growing group of 1099 workers in the work force. Here’s what they need to know come tax season.

08/30/2017

Cash flow is a common problem that can make it difficult for small businesses to stay afloat. Do you have accounts receivable invoices that will be coming soon, but you don’t have enough cash to pay your current bills? If you are running into cash flow issues, then you need to enlist the help of …

07/26/2017

Check out our guest post on common bookkeeping mistakes that new business owners often make - and how you can avoid them!

07/10/2017

A must-read for small business owners and those who are self-employed. This list of small business tax deductions will prepare you for your conversations with bookkeepers, accountants and tax experts.

07/04/2017

06/27/2017

Have a desire to travel but a small budget? Find out how to pinch your pennies and travel hack your way around the world.

06/15/2017

Tax season feels eons away for many gainfully employed workers. But for some freelance workers, tax season is marked by three-month periods, not April 15.