Can You Write Off a Washer and Dryer on Taxes? Yes, you can write off the washer and dryer, but only in specific situations if you’re using it strictly for business, like in a rental property, a laundromat, or washing uniforms in a home-based business; you may qualify for a tax deduction. In addition, If […]
How to Forecast Deferred Revenue? Forecasting deferred revenue involves estimating future earnings from payments received in advance for services or products that have yet to be delivered. This involves analyzing past customer contract trends, subscription renewals, and service timelines. You also need to consider unexpected cancellations, upgrades, and contract completions to project when revenue will […]
What Can a Fractional CFO for Startups Do for Your Plumbing Business? Last year, we signed up for a gym membership in January. We made up our minds and decided to hit the gym three times a week. We started strong, but after some days (in fact, in February), life happened, and the gym membership […]
The Only Handyman Business Startup Checklist You Need Have you ever tried setting up a tent in the dark without lights? Probably not! That’s exactly what starting a handyman business looks like when you don’t have a solid plan. The good news is you just need a handyman business startup checklist to start […]
Does Filing Bankruptcy on Your Business Affect Personal Credit? Business bankruptcy can affect personal credit if you are doing business as a sole proprietor or have personally guaranteed business debts. However, your credit isn’t affected if your business is a separate legal entity, like an LLC or corporation, and you haven’t provided personal guarantees. Let’s […]
What is the Difference Between Mandatory and Discretionary Spending? Mandatory spending refers to legally required expenses, such as Social Security, Medicare, and interest on the national debt. These are fixed obligations set by law. On the other hand, discretionary spending includes expenses that Congress decides through the annual budget process, such as education, defense, and […]
Thinking About Construction Estimating Books? Here are the Best 5 Have you ever made a house of cards? If you have, you know you must stack each card carefully, or the house will fall. This analogy can be compared to construction project estimates. You have to carefully calculate costs; otherwise, it can have an impact […]
Outsourced Accounting for Startups Doesn’t Have to Be Hard in 2025 Last week, we decided to bake a cake without following the recipe. We thought we were that smart (not really). So, we put in the ingredients, guessed the measurements, and put it in the oven. 40 minutes later, we pulled a burnt, lopsided cake. […]
Are Roofing Companies Liable for Damage? Roofing companies can be liable for damage caused during their work, depending on the circumstances. If the damage is caused by improper installation, worker negligence, or failure to follow safety protocols, the company may be held responsible. However, if damages are caused by unforeseeable events like bad weather, roofing […]
Can I Claim Attorney Fees on My Taxes? Attorney fees can be tax deductible if they relate to taxable income, such as fees for resolving business disputes or protecting intellectual property. Personal legal expenses like filing for divorce aren’t deductible. The IRS allows taxpayers to deduct legal fees related to their trade or business, as […]
