I had a tough conversation with some clients today. We were going over their tax bill for the upcoming tax year filing and as it turns out, they are going to owe six figures in tax this year. That is not an easy idea to wrap your head around. And it comes as a huge…
As the owner of an accounting firm, Matt knows taxes, and he reacts to this video that suggests business owners have to be their own tax strategist to keep some of their own profits. Matt disagrees and says the best way to handle your taxes is to let the professionals do it for you. There…
CapForge knows a thing or two about taxes and so does Matt. In this video, he explains why some tax advice should be left on the internet and not taken too seriously. There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t…
Everyone’s least favorite time of the year is tax season. However, knowing some write-offs can make the sting a little easier. Watch this video for advice from Matt (an enrolled IRS agent) on what you should write off and maybe lay to rest a few misconceptions. Save this video for when you do taxes next!…
They say that knowledge is power, but in the world of taxes, it’s more like knowledge is money! Take it from us. As professional accountants, we’ve seen small business owners lose out on thousands of dollars in tax breaks because they didn’t know they could deduct certain expenses. We don’t want to see that…
As a small business owner, you have a lot on your plate. Not only are you the CEO, you’re also the head of marketing, finance, sales, customer service, and human resources. With so many responsibilities to juggle, it’s easy to let bookkeeping fall to the wayside. And that’s understandable—to an extent. After all, there…
This is the year. This is the year you’ll stop talking about starting a business and actually launch one. And to that we say, congratulations! You’ve made the first step towards turning your dream into a reality. If you’re like most first-time entrepreneurs, you’re probably terrified right now. Terrified of failure. Terrified of losing all…
As an accounting firm, we’ve seen our fair share of bookkeeping mistakes. But some are worse than others. While some mistakes are relatively minor and can easily be corrected, others are far more egregious and can have devastating consequences. In this article, we’ll be talking about the more serious offenses; the ones that can…
