by Philip Titlestad | May 27, 2020 | General
COVID-19 Loans Many small businesses have taken advantage of the COVID-19 related loans from their banks and or the SBA( Small Business Administration). These have been termed the PPP(Paycheck Protection Program) loans or the EIL( Economic Injury ) loans. The CARES...
by Philip Titlestad | Aug 23, 2017 | General
Quickbooks Proadvisor Quickbooks desktop or online is a very convenient, efficient and cost effective way to keep track of all your business transactions. The online version is particularly user friendly and allows the business owner to invite an external accountant...
by Philip Titlestad | Jun 21, 2015 | General
What number on your income statement is the most important to be accurate after your top line sales? Undoubtedly this is your gross margin dollars and as a percentage of top line revenue because this determines the level of overhead that the business can support...
by Philip Titlestad | Apr 21, 2015 | General
Capital Expenditures – De Minimis Safe Harbor Election (Reg. 1.263(a)-1(f);-1(g);-1(h)) The IRS has issued Final Regulation 1.263(a)-1(f) providing a de minimis safe harbor election for amounts paid to acquire or produce tangible property. In the case of a taxpayer...
