Small Businesses, Save on Taxes with These Year-End Actions

Small Businesses, Save on Taxes with These Year-End Actions

Want to pay less tax on your 2019 income? Now is the time to make your moves. In order to be counted, they must be completed by December 31, 2019. 1. Capital Expenditures Invest in new equipment or make other improvements to your business. Any purchase made in 2019...
2019 Year-End Checklist for Small Businesses

2019 Year-End Checklist for Small Businesses

Every business needs a good tidying and updating at least once a year. The best time to do it is at the end of your tax year, which for many small businesses is the same as the calendar year. Get organized, review the data, and make your plans for a profitable 2020....
The Puerto Rico Tax Haven: Will Act 20 Work for You?

The Puerto Rico Tax Haven: Will Act 20 Work for You?

Looking to cut your business income tax rate by up to 90%? Locating in Puerto Rico might be your answer — if you’re willing to play by their rules. What Is Act 20? It’s no secret that Puerto Rico needs to boost its economy. And because it enjoys special...
Getting Paid 101: Accounts Receivable for Small Business

Getting Paid 101: Accounts Receivable for Small Business

Basically, Accounts Receivable is the invoicing, collecting and recording of money owed to you by your customers. It’s all very well to see an Accounts Receivable number in the asset column on your balance sheet — but what are you doing to turn that theoretical...