The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Business · 2 min read ·
HSA Benefits and Limitations
Health Savings Accounts, or HSAs, are a popular way that many employees choose to pay for medical expenses. Employees that are covered under high-deductible health insurance plans can designate a portion of their payc…
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Business · 2 min read ·
Deducting Business Expenses in the Age of COVID-19
We’ve already covered how businesses with telecommuting employees may save on taxes , but what about workers? The migration to telecommuting has lowered expenses for some who no longer commute, but it has also require…
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Business · 2 min read ·
Do You Qualify for the ERTC or PPP #2?
https://youtu.be/SX0ZnxCNZ8k Are you a business owner that applied for round one of the paycheck protection program, but didn't use the tax credit from the employee retention tax credit due to the fact that you had to…
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Business · 3 min read ·
Three Pillars of a Successful Work from Home Strategy
In these unprecedented times, most businesses have had to make significant adjustments to their typical operations in order to accommodate changing social distancing safety requirements. We’ve already discussed what C…
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Business · 2 min read ·
Deducting Business Expenses in the Age of COVID-19
We’ve already covered how businesses with telecommuting employees may save on taxes , but what about workers? The migration to telecommuting has lowered expenses for some who no longer commute, but it has also require…
Read article
Business · 1 min read ·
Entrepreneurs Remain Optimistic
https://youtu.be/U4-5akHbFvU Are you an entrepreneur or thinking of becoming one? Even with the pandemic, entrepreneurs feel a sense of optimism aAccording to the American Express Entrepreneurial Spirit Trendex. What…
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Business · 3 min read ·
Three Pillars of a Successful Work from Home Strategy
In these unprecedented times, most businesses have had to make significant adjustments to their typical operations in order to accommodate changing social distancing safety requirements. We’ve already discussed what C…
Read article
Business · 2 min read ·
IRS Plans to Audit More Small Businesses in 2021
According to Accounting Today, the IRS recently announced that they plan to increase audits on small business tax returns by 150%. The past few tax years have seen relatively low audit rates for pass-through entities,…
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Business · 1 min read ·
Creating a Forecast
https://youtu.be/hyD1Rs5Q7EI We're into the new year and you may have tried to do a forecast for your business. But with the pandemic still ongoing, and especially with some states still severely shut down, it may be…
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Business · 3 min read ·
Possible Sources of Cash for Your Small Business
With many small business owners hurting amidst the Coronavirus pandemic, cash flow is a hot topic. If you’ve already read our article about improving your cash flow but are looking for help to decide what avenue to ta…
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Business · 3 min read ·
Gig Workers & Tax Reporting
The gig economy has come to include an even larger sector of the working population amidst the Coronavirus pandemic. With companies such as delivery services scrambling to meet the increased need for things like food…
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Business · 2 min read ·
AB&P is Here to Help
https://youtu.be/l-tke3_7oNc Are you up late at night after a long day's work, trying to do your bookkeeping? Are you frustrated with your lack of QuickBooks knowledge or feel you don't have any at all? Are you behind…
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