Tax deductions can be a real incentive when you need to help your children plan for how to pay for college. There are several types of college savings accounts that are available, and it is best to talk with a qualified accountant to pick the best savings plan for your needs. 

If you are putting together a small business, one of the most common problems that you will face is cash flow. How are you supposed to start a successful business if you don’t have any money to build a strong foundation? Small business startup loans are a great option to help you get access to the funding that you need. Here are a few things that you need to know if you are trying to get startup money for your small business:

According to a recent report from SCORE, more than 40% of small business owners say that bookkeeping and taxes are the worst part of owning a small business. Does that sound like you?

Are you planning to hire a small business accounting service?

It is important that you find the right accounting firm - the one that will work with you to meet your company's individual needs. These services have a direct impact on the cash flow and profitability of your small business.

There are several things you need to keep in mind before you make the selection. 

Bookkeeping is a necessary step that needs to be utilized in your company, and many small business owners fail to implement an effective bookkeeping system. If you aren’t managing your accounting in the right way, then it is more difficult to make ongoing financial decisions for your company.

In our past blogs, we’ve talked about some of the tax deductions you can get as a landlord. But guess what? None of those tax deductions matter if you don’t have the records to claim them. 

Cash flow management can make-or-break a company, and if you aren't properly managing the flow of your money, then you are setting your business up for failure. If you want to achieve long-term success with your company, then you need to make sure that you have cash available at all times. 

Being a good landlord takes practice, and no matter how much you read, there really isn’t a substitute for experience. But if you are thinking about investing in rental property or you are a new rental property owner, there are a few basic rules that will help you hit the ground running.

If you are investing in rental property, then you’ll become well-acquainted with the Schedule E tax form. The Schedule E is where you’ll report all of your expenses and income for the year, and take advantage of any deductions you may want to claim.