Latest News

Health Essentials

Access Tax and Accounting
Maximizing Business Deductions

Maximizing Business Deductions

by | Jun 24, 2022 | Business, Business Taxes

Did you know that farmers can add breeding cows as a depreciating expense on their business taxes? An ostrich farmer once successfully claimed his ostrich as a depreciating expense! If you are a business owner, you likely already know about business deductions and how...
Why Bookkeeping is Important

Why Bookkeeping is Important

by | Jun 10, 2022 | Business, Business Taxes

Bookkeeping is crucial to the success of a business. Small business owners may not feel it necessary to hire a bookkeeper especially if they keep basic records of their finances. This thought process, however, is detrimental to the overall success of a business. Your...
The Importance of Business Tax Planning

The Importance of Business Tax Planning

by | Jun 2, 2022 | Business Taxes

In a 2001 tax court case, a family-owned junkyard was tried for deducting cat food off their business taxes.  They classified this expense under Section 162 as an “ordinary and necessary” expense. They ended up winning the case since the cat food brought in stray cats...