Cash vs. Income

by | Oct 20, 2019 | Money

When you have a small business, you need to maintain accurate records of business financial transactions. If youve separated your personal and business bank accounts (which you absolutely must, no matter how small you think your business is), this should be relatively...

Deductions – Itemized and Standard

by | Oct 5, 2019 | Thoughts

There is one other major difference for taxes coming up that I didnt mention: The increased itemized deduction limit. To explain this though, Ill give you some background. When people (normal people, not you crazy freelancers) talk about tax deductions they are...