Posts by Carl Corneliuson
Maximizing the Home Office Deduction: What You Need to Know
The home office deduction is an excellent opportunity for self-employed individuals and small business owners who work from home to reduce their taxable income. However, it’s important to understand the criteria clearly, as the IRS pays close attention to this deduction, potentially increasing the likelihood of an audit if not properly claimed. Who Qualifies? IRS…
Read MoreEmployee Onboarding for Small Businesses: Best Practices for Success
Employee onboarding for small businesses is a crucial process to foster productivity, engagement, and compliance from day one. A well-structured onboarding experience ensures new hires feel welcomed, supported, and prepared to contribute effectively to your company’s success. Below, we outline key steps for a seamless and engaging onboarding process. 1. Start with a Warm Welcome…
Read MoreAccounting Services for Small Business: Managing Liabilities Like a Pro
Understanding Liabilities in Small Business Accounting Liabilities are a fundamental aspect of small business accounting. They provide crucial insight into a company’s financial obligations, debt levels, and overall financial health. Understanding and effectively managing liabilities can help small business owners maintain financial stability, avoid solvency risks, and strategically plan for future growth. Why Liabilities Matter…
Read MoreHow to Build a Positive Credit History: A Guide for Small Business Owners
In the world of business, a positive credit history is an invaluable asset. Whether you are seeking a loan, negotiating better payment terms, or securing lower insurance rates, your credit history plays a critical role in your financial journey. For small business owners, maintaining good credit is essential for long-term success. This article will guide…
Read MoreThe Power of Fixed Fee Accounting Services: 6 Key Benefits for Your Business
In the realm of accounting services, the debate between fixed fee and hourly billing models is ongoing. As businesses strive for financial efficiency and predictability, understanding the advantages of fixed fee accounting services becomes crucial. While hourly billing has long been the traditional approach, many businesses are shifting towards fixed fee structures to gain better…
Read More5 Small Business Accounting Mistakes That Could Cost You Big
Accounting mistakes are one of the most common reasons small businesses struggle to stay afloat. Missteps in managing finances can lead to cash flow problems, tax penalties, and even business failure. If you’re a business owner, avoiding these errors is key to staying financially healthy and growing your company. Let’s dive into five common small…
Read MoreIRS Home Office Deduction 2025: What’s New and How to Maximize Your Savings
Working from home has its perks, and one of the biggest is the IRS Home Office Deduction. If you’re self-employed, running a small business, or freelancing, you could save money on your taxes by claiming home office expenses. The IRS has made some changes for 2025, and we’re here to break it down in simple…
Read More10 Qualities You Should Look for in a CPA Firm
Choosing the right CPA firm is an important decision for individuals and businesses alike. A competent and reliable accounting firm can help manage your finances, ensure compliance with tax laws, and even provide strategic advice to grow your wealth or business. But with so many firms to choose from, how do you determine which one…
Read MoreAre Our Accounting Services Right for Your Business? Let’s Talk Costs
At Corneliuson & Associates, a common question we hear is, “Your services sound expensive. Can we afford you?” It’s a fair question, especially when running a business means carefully considering every dollar spent. Let us break down how our pricing works and why it’s structured to provide value to businesses like yours. Balancing Value and…
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