Friday, February 15, 2019

Are Those Business Meals Feeding Your Face or Eating Your Lunch?


By Ben Kinsey, CPA

Image courtesy of flickr
One of the perks of being a business owner is being able to write off meals when you travel for business or take a client out for lunch.  That’s the good news.  The bad news is that the IRS rules for deducting meals are complicated.  Get them right and you can enjoy that free lunch you’ve always heard about.  Get it wrong and you can wind up running afoul of those same regulations, which could cost you deductions or even give the IRS cause to begin an audit that could well eat your lunch.  Below is some food for thought regarding meals.

Monday, January 21, 2019

10 Ways to Improve Cash-flow


By Ben Kinsey, CPA

Image courtesy Picpedia
Now that everybody is up to their necks preparing their yearly taxes, I thought I’d take the time to help you take the steps to improve your business cash-flow in 2019.  Cash-flow is like the old Mark Twain ditty that goes, “Everybody talks about the weather, but nobody does anything about it.”  By that I mean, most business owners are always asking CPA’s like me to give them tips on how to improve their cash-flow.  Then they rail at the advice, since it usually requires them to take the time to assess their policies and procedures, as well as changing some of the ways that they do business.  Below is a list of 10 ways to improve your business’ cash-flow: