Accounting and Bookkeeping practices

Golden Rule to Success

Golden Rule to Success

The Golden Rule or law of reciprocity is the principle of treating others as you would wish to be treated. This rule can be used as the basic standard procedure.

IRS Reminds Extension Filers of the Oct. 17 Deadline

IRS Reminds Extension Filers of the Oct. 17 Deadline

Millions of taxpayers ask for an extra six months to file their taxes every year. If you are one of them, then you should know that Monday, Oct. 17 is the extension deadline in 2016.

It is never old-fashioned to use old sayings in modern business

It is never old-fashioned to use old sayings in modern business

Old sayings are based on experiences and knowledge about regular and simple things. Apply them to modern business is not difficult because they are common sense; they are adaptable to any circumstance.

Divorce your Personal Expenses from your Business Operations

Divorce your Personal Expenses from your Business Operations

It is quite common for small business owners to pay for personal expenses out of their business account. However, upon discovery, the IRS will often respond by imposing civil penalties in addition to the appropriate tax on the disallowed expenses.

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