The Advantages of Using a Personal CPA to File Your Taxes
What’s your favorite season? At Motl Accounting in Dundee, our favorite is tax season. It’s the time of year when you should be thinking about the best way to complete your business filing. There are a number of ways to do your taxes, but a personal CPA for your small...
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The Dos and Don’ts of Charitable Tax Deductions for Small Businesses
Tax season is underway for businesses across the country, which means it’s time to start thinking about any charitable tax deductions for small businesses you’ve made that can reduce your tax burden. One of the most commonly claimed deductions is for charitable...
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How Offshore Tax Havens Affect Small Businesses
The U.S. Public Interest Research Group Education Fund recently published a study indicating that small businesses pay $5,128 on average in taxes per year to make up for revenue lost to offshore tax havens. Small businesses generally aren’t the ones taking advantage...
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Getting the Most out of Vehicle Expense Deductions
If your business requires any driving, you owe it to yourself to make a vehicle tax deduction. It’s one of the most common business tax deductions because so many industries require vehicles to get work done. Every year, the Internal Revenue Service sets a standard...
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Business Tax Deductions You Didn’t Know Existed
There’s nothing worse than realizing you could have saved money on your taxes after you’ve already filed them. It’s easy to overlook some of the lesser-known deductions that exist, but doing so could cost you a pretty penny. Sometimes business owners wait until the...
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Getting Financially Organized at the Office
It’s one thing to plan on improving organization around the office, but another to actually go through with it. Getting organized does more than make the office look tidy – a more structured workplace can actually help you grow and earn money. It’s easier to be...
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Money Saving Tips for Small Businesses
Nobody knows the value of a dollar quite like a small business owner. Whether you’re just getting started or have been building your business for years, you want to make every penny count, so you can grow as quickly as possible. One of the best ways to save money is...
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Benefits of Outsourcing Payroll
Every new business owner begins with a vision of how things will be a few years down the line. What you probably never imagined were piles of paperwork and payroll headaches! It makes sense to handle payroll processing by yourself when you only have a few employees –...
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Keeping Track of Business Expenses
Tax season is behind us, but that doesn’t mean it’s time to stop thinking about business expense documentation. In fact, now is the ideal time to get organized and create record-keeping habits that make sense for your company. Nobody wants to waste time digging...
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Accountability: The Panama Papers Leak
The Panama Papers leak has made waves across the globe and for good reason – celebrities, CEOs and even political leaders face accusations of widespread tax avoidance. An anonymous source leaked the implicating documents, and an international coalition of hundreds of...
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