While small businesses around the world have shown incredible resilience over the last three years, the effort does not come without a major toll on the mental and financial well-being of their owners. The latest iteration of Xero’s “The Global State of Small Business Owner Wellbeing” report shines a light on fiscal and personal pressures …
The Global State of Small Business Owner Well-Being Read More »
Do you remember when you were young and used to be excited about tax season? Because you got a return… Do you remember flipping through the mail pile and anxiously ripping open the letter from the IRS. And your face lit up with excitement when you saw you were getting money back… You and I …
The current economic climate makes this a good time to focus on bad debt losses.As an individual taxpayer, deducting bad debt losses has always been controversial with the IRS. To claim the deduction, you must first establish that the loss was from a bona fide loan transaction that went wrong. So be alert.Avoid ill-advised moves, …