Still Confused About Section 179?
What is the difference between Section 179 Expense vs. Special Depreciation Allowance? According to the article from BankRate.com, the key difference is that Section 179 Expense (Expensing the entire asset in the year it is purchased) cannot increase the loss of a business. Special Depreciation [...]
How Much Can I Depreciate?
Confused about depreciation? What is Section 179 Expense? Source: BankRate.com Typically, if property for business has a useful life of more than one year, the cost must be spread across several tax years as depreciation with a portion of the cost deducted each year. But [...]
What is EITC? Earned Income Tax Credit
From IRS.gov The Earned Income Tax Credit is a financial boost for workers earning $49,078 or less in 2011. Four of five eligible taxpayers filed for and received their EITC last year. The IRS wants you to get what you earned also, if you are [...]
How to Understand a Cash Flow Statement
A cash flow statement shows how much money is coming in and going out of a business. Measure the success of a business using the tips in these free entrepreneur advice videos from professional business consultants on ehow.com How to Understand a Cash Flow [...]
Double Entry Accounting
What is a Debit and a Credit? What is double entry accounting? Confused with these accounting terms? Watch the video on Ehow.com to find out what these confusing terms mean. How to Do Accounting Transactions -- powered by ehow
The Accounting Cycle
What is a Profit Loss Statement & Balance Sheet? Profit Loss Statements & Balance Sheets are financial statements that tell you the small business owner where your money is coming from and going to. Without this information a small business owner is walking blind. A [...]
Record Keeping for a Small Business
Got receipts overflowing your pockets or stashed away in a box? How important is it for a small business owner to keep good records? Your financial picture will tell you if you are making money or losing money and why. Garbage in, garbage out. If [...]
How to deduct car expenses
What can and can not be claimed as deductions on a tax return in relation to vehicle expenses? Continued... How to Use Car Lease Payments as a Tax Deduction -- powered by ehow
What do you do when the headlines read Mass Layoffs?
How secure is your job? What if you were corralled into a large room, handed a box and told to collect your belongs and leave immediately? It is reality, maybe not yours yet but one day you may find yourself in the same shoes. Continued... [...]
How to Open a Small Busines
Have you lost your job? Are you tired of being unemployed? Have you ever wanted to ever open your own small business? In this video you will learn how to start your own business. Continued.... How to Open a Small Business -- powered by [...]