Barbara SchreihansFeb 15, 20211 minSelf-defense costs; what are they?So, what are self-defense costs? And even more importantly...what the heck do they have to do with taxes?! This is a tricky topic and we...
Barbara SchreihansJan 4, 20213 minStimulus Bill for Biz OwnersA lot of y’all should have gotten your stimmy checks already - well direct deposited. The IRS has until January 15th to get all payments...
Barbara SchreihansDec 14, 20202 min5 Ways to Save on Business TaxesHelping you save money is what I love to do most - it just happens to be my job, too 🙌 In fact, I might love it more than coffee...and...
Barbara SchreihansDec 7, 20201 minHow does an LLC work?Wondering about owning an LLC and taxes that come along with it? First things first: When you form an LLC and become an owner, or...
Barbara SchreihansNov 23, 20201 minRV as a Tax Write OffEver wanted to buy an RV? Or maybe you already have one? Here's a cool tax strategy... Make it your home office and you can write it...
Barbara SchreihansNov 16, 20201 minBiden Tax ChangesBiden is the president elect - for now, at least, so let’s go over how it might affect small business owner taxes. And it’s not all that...
Barbara SchreihansNov 12, 20201 minSEPsWhat’s an SEP, you ask? → SEP = Self-Employed Tax Pension plan The SEP is a formal, written tax-deferred retirement savings plan adopted...
Barbara SchreihansOct 26, 20201 minTraveling DeductionsWhen you hear the phrase “travel expenses” your brain may automatically assume extravagant international business trips… But the travel...
Barbara SchreihansOct 19, 20201 minFood & Beverage DeductionsGo ahead and wine and dine those clients -- taking out customers, vendors, and potential employees for a meal or entertainment for...
Barbara SchreihansOct 12, 20201 minHome Office DeductionsIf you’ve heard that a home office deduction is a red flag, that was true in the 90s but not today. Nowadays most people have a home...
Barbara SchreihansOct 11, 20201 minSelf-Employment Tax DeductionsUnsure about what actually counts when it comes to self-employment tax deductions? Recognizing potential tax deductions will help you...
Barbara SchreihansSep 28, 20204 minElection 2020‘We can’t control the wind, but we can adjust our sails.’ With a looming election, the topic of taxes always comes up. Regardless of...
Barbara SchreihansSep 1, 20201 minQuarterly Taxes Due September 15th!Quarterly Taxes are Due September 15th! Can you believe tomorrow is September? I feel like I said that yesterday about August! However,...
Barbara SchreihansMay 18, 20202 min2019 Tax Return Refunds\Where’s my money? Everyone’s wondering the same thing. The IRS is REALLLLLLY behind on processing refunds. Like 12 weeks behind. Rightly...
Barbara SchreihansMay 11, 20202 minDeath and TaxesThis is not an easy topic and I don’t like talking about it. However, when I polled all of my lovely Instagram followers, 90% of you did...
Barbara SchreihansMay 4, 20203 minDo You Know Your ICA?Do you have your ‘ideal client avatar’ (ICA)? If you own a business, you should know who your ICA is. These can be demographics,...
Barbara SchreihansApr 20, 20203 minPPP Loans: The Early Bird Catches the WormPhew, what a crazy few weeks! On top of tax season craziness, and reading the 880 page CARES act, and applying for clients for the EIDL...
Barbara SchreihansMar 30, 20202 minCOVID UpdatesWell that escalated quickly. Last week the SBA had $8B available for small business loans. It is now $350B! The SBA loan website is...
Barbara SchreihansMar 23, 20202 minCOVID-19 Tax UpdateTax Filing and Payment Relief The U.S. Treasury and the Internal Revenue Service extended the filing and payment deadline from April 15,...
Barbara SchreihansMar 16, 20202 minReceiptsOne of the questions I get asked the most: do I need to keep receipts? Along with one of my most common answers: it depends. Remember,...