PWCPA Blog
How to Deduct Mileage Driven for Business Purposes
Business owners often have to drive to meet with clients, attend networking conventions, and perform other important tasks to help their business grow and thrive. Of course, it’s no secret that driving can cost you a great deal of money; not only is there the cost of...
Tax Deductions for Your Home Office
Using part of your home as a long-term business space, you may be eligible for the home office deduction. The pandemic forced a lot of employees to go and work from home. With time on their hands and some stimulus checks on the other, many have actually ventured into...
Giving Gifts May Be Tax Deductible
It's beginning to look a lot like... Yes, the holidays are here, and you, as part of your company's management, you want to put in good cheer for your employees. Aside from the office holiday party, you also want to give them a token or two to show how you appreciate...
Why You Should Meet with Your Accountant before the End of the Year
In addition to the normal holiday rush, business owners also have to deal with a lot of end-of-year tasks that can make this time of year quite stressful. However, as you’re closing out your books and attending to all those other end-of-year duties, it’s important...
Government Contracting: Setting Up Your Business for Success
Exploring the vast opportunities offered by the U.S. government as the largest buyer of goods and services can significantly boost your business revenue. However, before diving into online contract searches and bids, it's crucial to establish a solid foundation for...
Government Contracting Procurement Methods
The world of Government Contracting can be very confusing. Together with its hundreds of rules and regulations are the acronyms. Let's go through four of the primary and common procurement methods that are governed by the Federal Acquisition Regulations (FAR); these...
How Holiday Donations Can Benefit Your Company
The holiday season is also the season of giving, and many businesses often get into the holiday spirit along with everyone else. Determining what causes to give to and how much you can donate can be difficult, but it’s also important to keep in mind that your company...
Important End-of-Year Financial Decisions Business Owners Must Make
As the year draws to a close, business owners have some important financial decisions they’ll need to make. These decisions can impact not only your taxes for the year, but your entire financial outlook. It’s important to carefully consider your financial options and...
The Proposed Federal Supplier Climate Risks and Resilience Rule
The Biden administration has just unveiled details about the Federal Supplier Climate Risks and Resilience Rule, scheduled to be added to the Federal Acquisition Regulation (FAR) this month. Being the largest buyer of goods and services-- over $600 billion last year,...