What Business Expenses Can I Deduct?

By definition, business expenses are the cost of carrying on a trade or business. They are usually deductible if your business operates to make a profit. According to the IRS, in order to be a deductible business expense, it must be both “ordinary and necessary.” An ordinary expense is one that is common and acceptedRead more

Should your business have a cash flow forecast?

A cash flow forecast is arguably the most important business tool for every business. It will tell you if your business will have enough cash to run the business as is, or enough to meet your expansion goals. It will also let you know when more cash is going out of the business than isRead more