Blog

  1. Who should prepare a small business income tax return?

    There are many business entities that can be chosen in the United States.  They are all taxed differently and choosing the correct type of entity is extremely important. If you are a sole proprietorship you will file a Schedule C …

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  2. Will Congress and President Trump lower my taxes this year?

    The short answer is maybe. There has been a lot of talk about large scale tax reform over the last eight months.  There is no written legislation at this point; in fact, the main six people who are negotiating tax …

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  3. Small business invoice factoring rarely a good idea

    Invoice factoring is a process by which a business gets cash up front by selling their receivables to a factoring company for a discount.  Lets say a large industrial contracting company located in Fort Wayne, Indiana is having cash flow …

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  4. Labor Day Holiday

    Well, the unofficial end of summer is upon us believe it or not! Enjoy the nice days because we all know what is just around the corner.  It will be tax season again before you know it. We at SBS …

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  5. The Great American Eclipse by the Numbers

    All the buzz on social media is about the Great American Eclipse.  Since we are accountants and like to deal with numbers let’s put some numbers behind it. The Great American Eclipse will happen on Monday August 21.  It will …

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  6. Back to School Means Big Expenses

    My children go to public school and are not in college yet, but that does not mean I will not feel a bite in my pocket book as I pay those books fees, technology fees, etc.  For those of you …

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  7. Can my business pay for my wife’s expenses if I’m traveling for business?

    During my career, I’ve had to travel for business and once in a while I take my wife with me (sometimes I don’t have a choice on whether she goes or not; if I’m going to New York she’ll demand …

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  8. Can my business pay for my trip/travel within the United States?

    Well, you can typically deduct all travel and business-related expenses if the travel is 100% business in nature.  For example, when I go to Indianapolis for a couple of days of CPE, that is all deductible (there is nothing more …

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  9. Can my business pay for my cruise?

    My family and I took a cruise this summer and it was awesome.  We went to a lot of different places and ate and drank too much.  We started at Miami, went all around the Caribbean and came back to …

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  10. Happy 4th of July!

      SBS CPA Group Inc. would like to wish everyone a wonderful July 4th!  It sounds like we are going to have wonderful weather for all of the picnics and festivities celebrating the holiday.  Summer is in full swing and …

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