Kostecke CPA

All posts in Accounting & Analysis

Tax Liability - Avoid Federal Tax PenalitiesTis the season for 2015 tax estimates and figuring out how much this year’s quarterly payments need to be. When you’re self-employed, or you get a significant amount of income from investments, it can be difficult to figure out the right amount to pay in. Who knows what lies ahead for your business, your investments, and the Read more


Your tax preparation checklist can save you time and a lot of griefLast year at around this time I provided some tips on how to save money on your taxes after December 31st. This article is also about saving you money and quite possibly a bit of time.

Perhaps you have just received your 47-page tax organizer in the mail Read more


Are business gifts and awards deductibleMany entrepreneurs and small businesses are not aware of the tax implications of gifts given to employees, customers and business associates or awards given to employees. There are some specific limits and rules around gifts and awards that you should understand. First, you can deduct gifts to customers, clients and business associates, but you are limited to $25 Read more


Manage inventory

You Have Inventory If…

If your business makes physical things, or sells physical things, or both, you have inventory. Your inventory enables you to meet customer demand. If you do not have an item in stock, you may lose a sale, and maybe a customer as well. If you employ people full-time to help you Read more