Business – the way we make money. Whether dealing with large transnational corporations, or your neighborhood convenience store, accounting and tax policy can impact how your run your organization. As President Calvin Coolidge said, “chief business of the American people is business” — it is at the core of who we are as a nation as well as how we earn our livings.

Business Couple with Laptop

For those that are 1099 Workers, most of the rules that apply to business tax matters also apply to you on your Schedule C filing. So while you think of yourself as a freelancer or contractor, you really are a self employed owner-operator and you will grow your practice if you think of yourself as one and plan accordingly.

We love covering tax and financial matters that apply broadly and generally to the business community, though we sometimes often geek out on more narrowly focused topics that are only of interest to a select industry.

Not every area of business is based on entrepreneurship, there are many areas that impact people that work in corporate jobs, both directly and indirectly. High earning individuals may earn their primarily income from a “day job” but invest in real estate to build wealth and create more income.

While a huge topic to cover, the area of business is of major interest to Americans of all income levels, backgrounds, races, and ethnicities. The American Dream is based on the idea of being able to own your own home, raise your family, and start your own small business.

Crypto Mining Business

By |2021-11-10T13:56:50-05:00November 10th, 2021|Categories: #TaxTipTuesday|Tags: , , , , , , |

On today's Tax Tip Tuesday, we're going to talk about your crypto mining business. I've been getting some calls, emails, et cetera, meetings with people setting up crypto mining businesses. Because why not?

Facebook Changes Name to Meta

By |2021-10-29T15:36:57-04:00October 29th, 2021|Categories: Other Perspectives|Tags: , , |

Facebook has officially changed its company's name to Meta, short for Metaverse. Now, don't worry, the app "Facebook" will still be called Facebook; along with Messenger, Instagram, and WhatsApp, the only change is the brand but is this signaling a more significant change for Meta? Let's find out with this week's social media round-up. 

Accounts Receivable – Video

By |2021-10-20T19:31:01-04:00October 20th, 2021|Categories: Quickies with Bette|Tags: , , , , |

Hi, I'm Bette Hochberger, CPA, CGMA, and today we're going to do a little bit of a laser focus on a helpful report in QuickBooks called the accounts receivable aging report. So watch the video below to see a walk-through. we're going to look at an "accounts receivable aging report."

Employees VS Contractors | Labor Day

By |2021-09-06T12:23:58-04:00September 6th, 2021|Categories: Quickies with Bette|Tags: , , , , , , , |

It’s #BusinessQuickie, and I want to come on here and tailor this go-live to our small business owners who want to know the difference between contractors (1099) and employees (W-2) so that you can find which employee fits best with your business. I figured this would be a great topic since labor day is coming up on Monday! Let’s get started.

Unpopular Opinion – Tax Refunds

By |2021-09-02T14:24:06-04:00September 2nd, 2021|Categories: Quickies with Bette|Tags: , , , , , |

Hi, Bette Hochberger or CPA, CGMA. And on today's Business Quickie, I'm going to tell you about an unpopular opinion that I have. So I know a lot of people really love getting tax refunds. There are all kinds of ads that say, "how to spend your refund, refund, refund, refund." People can't wait to get that refund check, but here's the big butt, why do I not like it? It's your money. You're not getting free money from the government. You're getting your own money back to you. So my unpopular opinion is don't create these huge tax refunds and don't think your CPA is amazing just because they get you a big tax refund.

Miami Crypto : What You Need to Know

By |2021-11-16T15:22:56-05:00August 31st, 2021|Categories: Quickies with Bette|Tags: , , , , , |

Other Miami crypto news, which is super exciting, MiamiCoin is the first city coin to come to market. Woo hoo, it's fantastic. It's like a Bitcoin and is on the Blockchain protocol, so whenever that coin is mined, a percentage, actually 30% of what's mined, goes to the city of Miami.

#VenmoMe is Tax Deductible

By |2021-08-19T18:54:48-04:00August 19th, 2021|Categories: Other Perspectives|Tags: , , |

We have all seen giveaways from brands; you might wonder why brands do this or how they can afford it. The truth is brands can do this because it is tax-deductible, meaning they get their money back when tax season rolls around. Brands also do this because it is excellent advertising; I mean, who doesn't like free stuff? This brings us to our topic: #VenmoMe.

Bad Luck or Bad Financial Planning?

By |2021-08-12T16:58:10-04:00August 12th, 2021|Categories: Other Perspectives|Tags: , , , , , |

Tomorrow is Friday the 13th, and considering the holiday's superstitious history, I wanted to share some tips from Twitter about avoiding bad luck with finances and taxes. This article is a different kind of Social Media Round-up, but I decided that there is no better day than Friday the 13th to try something new because if it flops, I will blame it on bad luck. I find this mindset funny because I think much of "bad luck" is actually just bad planning, and I hope this Twitter commentary can help us all avoid the pitfalls of poor finances and poor tax planning. Let's get started. 

Rihanna Is a Billionaire

By |2021-08-06T17:15:42-04:00August 6th, 2021|Categories: Other Perspectives|Tags: , , , , , |

Entrepreneur and businesswoman aren't the first words I think of when I imagine the pop star, Rihanna, however all that is about to change because, according to Forbes, she is now a billionaire. You can find Rihanna trending on Twitter with the hashtag #SelfMadeWomen along with many opinions about her new status. This trending hashtag is what I want to share with you on this week's social media round-up.

Meals, Entertainment, & Tax-Deductions

By |2021-07-07T12:57:14-04:00July 7th, 2021|Categories: Quickies with Bette|Tags: , , , , , , , , |

Hey, guys, happy Wednesday. We're going to hop on with a little business quickie about meals and entertainment because this is a tricky area for a lot of business owners. I know everyone wants to write off every meal possible that they ever have as a business expense and, unfortunately, can't always do that.

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