Are you keeping a tax diary?

Business owners and self-employed “Schedule C” filers: Are you keeping a tax diary? A tax diary can be a valuable tool in defending yourself against an audit. As a taxpayer, the burden of proof is on you, so keeping adequate records is essential. In addition to keeping receipts for your business expenses, a good tax [...]

Business Owners: Do you have a plan?

I had a meeting last week with some business owners and I recommended a book to them that I think should be on every business owner’s book shelf: The One Page Business Plan for the Creative Entrepreneur by Jim Horan. If you own or run a business, take a look at this book. It’s easy [...]