Having a business credit card can have a lot of advantages as well as a lot of headaches. This blog post by Industrial Space give some tips to help keep things under control:http://www.industrialspace.net/blog/6-tips-for-managing-your-business-credit-card/Remember this is a business credit card, so treat it as such!Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Financial Musings: Low interest rates may get few borrowers off sidelines
The new quantitative easing by the federal reserve may make borrowing costs for refinancing cheaper, but it is hard to say how much of the savings will translate into economic growth, although the banks and a lot of business will continue to profit from the low interest rates. The fed now says they will try to keep interest rates low through the middle of 2015. Here is an article in USA Today by Paul Davidson that goes into a little more detail:http://www.usatoday.com/money/business/story/2012/09/14/low-interest-rates-may-get-few-borrowers-off-sidelines/57778426/1Time will tell how successful the new round of quantitative easing will be, but longterm it is definitely inflationary! Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: No free lunch at Amazon!
Like I told you a few days ago, on September 15 Amazon starts collecting California sales tax. But before you fire up your Amazon online account and buy everything before that so you don’t have to pay sales tax, just remember you still have to pay ‘use tax’ on all those out of state purchases, just on your California Income Tax Return! This editorial from The Los Angeles Times gives you more details:http://www.latimes.com/news/opinion/editorials/la-ed-amazon-california-tax-20120907,0,6623746.storySo make sure you pay your Use Tax next year on everything you saved Sales Tax on!Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com