Richard Lipton, CPA, Author at Shop Owner Magazine
Looking At 2022 Taxes – What To Know Before You File

Here are some key points that HAVE and WILL happen regarding tax provisions for small businesses.

Are Your Advertising And Marketing Costs Tax Deductible?

Even the most ordinary costs may actually be tax-deductible expenses – and even small deductions can help.

Tax Changes For Businesses

Tax laws continue to change – here’s what you will face when keeping documentation in 2022.

Small Business Identity Theft On The Rise – Tips To Safeguard Your Business

Small business identity theft is a big business for identity thieves. Just like individuals, businesses may have their identities stolen, and their sensitive information used to open credit card accounts or to file fraudulent tax refunds. As such, small business owners should be on guard against a growing wave of identity theft against employers.

Securing A Small Business Loan: Debunking Myths Regarding Financing

At some point, most small-business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants, and how to properly approach a loan officer, can mean the difference between getting the money for your shop expansion plans or having to scrape through finding cash from other sources.

Ensuring Financial Success For Your Business

Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. You can’t let your business run on autopilot and expect positive results. Any business owner knows you need to make numerous adjustments along the way. For example, there are decisions about pricing, hiring, investments, and so on.

IRS ‘Dirty Dozen’ Tax Scams

Compiled annually by the IRS, the “Dirty Dozen” is a list of common scams taxpayers may encounter. While many of these scams peak during the tax filing season, they may be encountered at any time during the year.

2015 Year-End Tax Planning

While the fate of several business-related tax extenders such as Research & Development tax credits, bonus depreciation, and Section 179 expensing that expired at the end of 2014 is uncertain, there are still a number of end-of-year tax planning strategies businesses can use to reduce their tax burden for 2015.

6 Tax Tips For Charitable Giving

If you make charitable donations and want to claim a tax deduction for your gifts, you must itemize your deductions. Following are some tips to guide your efforts at donating business gifts to charity.

10 Tips For Deducting Losses From A Disaster

National Hurricane Season is officially in progress. If you suffer damage to your home or personal property, you may be able to deduct the losses you incur on your federal income tax return. Here are 10 tips you should know about deducting casualty losses.

Start Planning Now For Next Year’s Taxes

You may be tempted to forget about your taxes once you’ve filed your tax return, but did you know that if you start your tax planning now, you may be able to avoid a tax surprise when you file next year? That’s right. Now is a good time to set up a system so you can keep your tax records safe and easy to find. Here are six tips to give you a leg up on next year’s taxes.

Ensuring Auto Care Financial Success

Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. Any business owner knows you need to make numerous adjustments along the way – decisions about pricing, hiring, investments, and so on. So, how do you handle the array of questions facing you? One way is through cost ­accounting.

good accounting practices