GBQ

Entrepreneurial Spirit. Independent expertise.

GBQueue

Accounting and financial news
from the front lines

Everyone is on the sales team whether they know it or not

by Ed Bannen

I’m an auditor, not a salesman…right?!  The other day I read an article in Forbes, “Job #1 Is Sales — For ANY Employee” by Tom Mendoza, and was reminded how true this is of any business. So many times I hear people say “I hate sales” or “I never want to be involved in selling”, […]

Posted in Audit & Tax Talk | Comments »

Happy Holidays!

by Sara Robertson

May your holiday spirit roll through the entire new year…that’s the theme of our 2013 holiday card here at GBQ (see below). As you can see from reading this year’s card, GBQ made a donation in our clients’ honor to Bike Lady, Inc.. I remember my first two-wheeler, it was a Schwinn and had a […]

Posted in GBQ News & Culture | Comments »

Why the self-employed should consider setting up a retirement plan before year end

by Melissa Rager

For 2013, the maximum IRA contribution is $5,500 — $6,500 if you’re age 50 or older on Dec. 31. (The maximum IRA contribution or deduction may be reduced or eliminated depending on various factors.) But if you’re self-employed, you may be eligible for a retirement plan that allows you to make much larger contributions. As […]

Posted in Audit & Tax Talk | Comments »

Will your donations be more powerful this year?

by Melissa Rager

Maybe. Deductions are more valuable when tax rates are higher, and higher-income taxpayers face higher rates in 2013. But the return of the itemized deduction reduction could make your donation deduction less valuable. Also keep in mind that the amount of your deduction depends on various factors, including what you give. For example: Long-term capital […]

Posted in Audit & Tax Talk | Comments »

Smart timing of business income and expenses can save tax — or at least defer it

by Melissa Rager

By projecting your business’s income and expenses for 2013 and 2014, you can determine how to time them to save — or at least defer — tax. If you’ll be in the same or lower tax bracket in 2014, consider: Deferring income to 2014. If your business uses the cash method of accounting, you can […]

Posted in Audit & Tax Talk | Comments »

Tags