Category Archives for DIY

Must I deduct all my business expenses?

DIY Taxation WeeklyTaxBreak
/ By mjmccormick

Must I deduct all my business expenses?Client says mortgage broker suggested that they remove their business expenses to look more appealing for a mortgage. ie Their income would falsely appear to be higher."If

Accounting tells the Story

Bookkeeping DIY WeeklyTaxBreak
/ By mjmccormick

One of the biggest mistakes small and medium-sized business owners make is confusing math for accounting. Accounting isn't simply debits, credits, and GAAP. Math is to accounting what letters are to a