Accounting Forward

Big Announcement!

Accounting Forward believes in the future of innovating technology and therefore will now be accepting Bitcoin and Ethereum as payment!

Following the lead of our peer KPMG, Accounting Forward has also made the decision to hold Bitcoin and Ethereum on their Corporate Balance sheet as a way to protect the wealth and purchasing power of its shareholder.

We are excited to be participating and leading the way of innovation and technology in the ever expanding digital age.

"Motivation gets you going and habit gets you there." –Zig Ziglar

“Control your cash, stick to your core business, and know your numbers.” – Marcus Lemonis

TRAVEL DEDUCTION⁠
Owners are permitted to deduct reasonable costs for travel that are ordinary and necessary in the course of their business. ⁠
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Types of trips that usually qualify fall into three different types of categories. ⁠
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1. TRAVELING FOR NEW BUSINESS⁠
This includes traveling to scout new locations, explore potential M&A opportunities or to acquire new investment property is all deductible business travel. ⁠
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2. TRAVELING FOR CONFERENCES AND SEMINARS. ⁠
Travel expenses to attend conferences and seminars is usually deductible, and vacations can often be tacked onto these trips. However, non-business and non-conference days are not deductible. ⁠
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3. ANYTHING RELATED TO BOARD MEETINGS⁠
Board meetings in resort locations can be deductible as long as the taxpayer can demonstrate a clear business purpose and a reason for why the meeting can’t be held at the business primary location. ⁠
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Travel costs for spouses and children who accompany someone on a business trip are typically not deductible. However, if they are involved in the business and have a business purpose for attending, the travel may be deductible. ⁠
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*Tax rules change over time and vary based on your industry, location and a variety of factors. Consult your CPA or tax advisor for best practices tailored to you.*⁠