Protecting Your Financial Security and Wealth

With cyber security being increasingly important, we have listed a few tips to safeguard your financial information and online accounts.   Here is a link to our record retention guide: Regularly download any pertinent financial information such as bank statements, credit cards, financial statements of your business, and your tax returns. Make sure after you…

Designing your Accounting and Operational Cash Flow Systems: Putting the Pieces Together

Let’s explore the different parts of your accounting system, how all the pieces come together and how you can design an accounting system to best fit your business. Often in the process of wanting a more “robust” accounting system or wanting specific Key Performance Indicators/reports, business owners can look at different solutions to receive the…

Woman standing outside of her retail shop

Restaurant Meals 100% Deductible – 2021 and 2022

At the end of 2020 the stimulus legislation passed a provision that removes the 50% limit on deducting business meals provided by restaurants in 2021 and 2022 making those meals fully deductible.   Food and Beverage Expense In general, the ordinary and necessary food and beverage expenses of operating your business are deductible. However, the deduction is…