Tax & Accounting Insights for Irvine, CA. Expert Guidance from Bharmal CPAs
Deducting Overnight Travel Expenses
As you know, you can deduct your away-from-home overnight travel expenses. But what tax rules do you need to know if you want to travel, or need to travel, to an out-of-town business location for an extended period? First, your travel to and expenses of living in this out-of-town location are deducible only if this is a temporary work location, [...]
Sell Your Way to Entrepreneurial Success
No matter what type of a business you own, you’ve got to do some selling in order to get what you want. Follow these sales tips to achieve your goals, whatever they are: Build relationships. Don’t just focus on what a contact can do for you today. Get to know people’s needs and interests so you can stay connected for [...]
How to Mold More Effective Employees
It’s a scenario that might sound a little absurd, but it happens all the time: a small business owner welcomes a new hire, escorts them to their work area, pats them on the back and walks away. How effective would you expect that employee to be? Probably not very effective. They would most likely struggle to learn their job, making [...]
Tax Tips for the Savvy Entrepreneur
At this time of the year, calendars can fill quickly with gatherings of family, friends and the rush of holiday shopping. However, the smart business owner will still carve out time for some end-of-year financial prep. The following tips make an excellent guideline in addition to professional tax advice. Deduct Your Home Office. To qualify your home office as a [...]
What’s in a Name? Plenty, When Your Credit Score Involved
If you’re the victim of a bad credit report and you haven’t done anything wrong, the problem may be your name. Mix-ups happen all the time, and one fiscally irresponsible John or Joan Smith can ruin it for all those who take their finances seriously. Take these precautions if you have a common name: Always include your full first name [...]
Stay Charged Up Throughout Your Workday
Managing the day to day affairs of your business can get tedious at times and keeping your energy up can be a challenge. When you find yourself dragging, remember these suggestions for getting back to full speed: Move around. Take a quick walk outside, or just around your workplace. Climb some stairs or do some stretches to get the blood [...]