Blog

Tax deductions for educators

By Gretchen Vickney | December 3, 2019

Are you or is a family member an educator? Educators can take advantage of tax deductions for qualified out-of-pocket expenses like training, continuing education, travel and classroom supplies.  For continuing education, you can take advantage of various education tax benefits for ongoing educational pursuits such as the Lifetime Learning Credit or the American Opportunity Tax…

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How to stop losing sleep over cash flow woes

By Gretchen Vickney | December 3, 2019

I have to smile when I hear this statement: “Happiness is a positive cash flow” – because it’s SO TRUE! Small business owners can definitely relate. A positive cash flow just makes life happier, easier, and way less stressful. But how do you reach such nirvana – especially if your business’s revenue is unpredictable? An…

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To marry or stay single: What are the legal differences for married vs. unmarried couples?

By Gretchen Vickney | November 7, 2019

More and more of Vickney & Associates’ clients are 20-somethings in the first years of their careers, making their first significant purchases (like a home) and, oftentimes, thinking marriage might be down the road. Unlike a generation or two ago, couples today often delay marriage, and some choose to remain together but not legally married.…

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How to create financial freedom

By Gretchen Vickney | November 1, 2019

Creating financial freedom: Is it possible? Can you eliminate worry about money? Can you really be financially independent? The answer is “Yes – if . . . “ Because building and preserving personal wealth requires very special attention. And it doesn’t happen quickly. Your best move: Get one-on-one guidance and a comprehensive financial plan by…

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What kind of records do you need to keep as part of your business?

By Gretchen Vickney | October 21, 2019

We’re so glad you asked! As accountants, excellent record-keeping is one of those things we love to talk about! More than that, we enjoy helping you stay on top of your record-keeping. Complete and accurate financial record-keeping is crucial to your business success, since good records provide the financial data that helps you operate most…

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As a small business owner, do you ever wonder what you can do to improve business cash flow?

By Gretchen Vickney | October 10, 2019

You won’t be surprised to hear that to achieve a positive cash flow, you must have a sound plan. Here’s some of what it should include: Collect receivables: Actively manage accounts receivable and quickly collect overdue accounts. Revenues are lost when your collection policies are not aggressive. Tighten your credit requirements: When you do, more…

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Is a home-based business right for you?

By Gretchen Vickney | September 26, 2019

Lots of people think about having their own business. Who wouldn’t want to be their own boss? But what does it take to succeed? And what should you know about laws, rules, regulations, taxes, accounting, and business procedures? Let’s take a look at a few of the basics. What legal requirements might affect a home-based…

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9 easy ways to pay less in taxes – with a little planning now

By Gretchen Vickney | September 12, 2019

It’s almost the end of the year – time to think about year-end tax planning and making it work FOR you, not against you. Here are some of Vickney & Associates’ best recommendations for small businesses and individuals who’d like to keep more of their hard-earned income. Small Businesses Tax Planning Consider the purchase of…

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