by Nolan Accounting | Nov 7, 2019 | Tax Laws
The Internal Revenue Service (IRS) passed legislation in 1986 called the Kiddie Tax Law to prevent parents with a high net worth from transferring the reporting of interest earned on investments to their children. Parents sometimes took this action to avoid or lower...
by Nolan Accounting | Oct 22, 2019 | Expenses, Small Business Accounting
The Internal Revenue Service (IRS) recommends that business owners keep good records for a variety of reasons. Maintaining timely and accurate records allows the business to monitor its progress and success, identify where income comes from, track expenses the company...
by Nolan Accounting | May 31, 2019 | Small Business Accounting
While producing goods and services and optimizing the customer experience should be top priorities, there’s something else that needs your attention. The number one reason that small businesses fail is financial in nature, so your company should pay close...
