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As a business owner you have more to worry about than bookkeeping, financials, forecasting and payroll. You started your business to do what you love, let us take care of the numbers.  Doerhoff & Associates has one goal in mind, to provide a comprehensive approach to business accounting services.

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Our Blog

Doerhoff Accounting Holiday Business Expenses, Tax Advice

‘Tis the Season: 3 Strategic Tax Tips for Holiday Business Expenses

By Accounting Advice, Small Business Advice

‘Tis the season to wrap up the year while still keeping in mind your holiday business expenses. You don’t have to be a Scrooge; there are some ways to enjoy the holiday season while still getting the most out of it. It can become challenging to know what should be considered a business deduction when it comes to holiday expenses, but that’s where we come into play. Keep on reading below to find out about holiday business expenses for taxes! 1….

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personal guarantee business loan

How Do Personal Guarantees Work When Taking a Business Loan?

By Small Business Advice

Lenders allow small businesses to borrow large sums of money in order to promote their businesses. Small business owners require additional means of assurance for lenders to approve their business loans.   Typically, a lender is likely to establish a line of business credit once they receive personal guarantees from business owners or executives. Signatures from these leaders in a business shift the business liability to the signatory.   Keep reading to learn more about how you can secure your…

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tax deadlines

Important Business Tax Deadlines in 2021’s Last Financial Quarter

By Accounting Advice, Small Business Advice

Running a business is hard work – it takes energy and time from your end. It can be easy to forget tax deadlines in the thick of building your business. As you approach the last financial quarter, make sure you know all the important dates. You don’t have to go it alone. Read on for all the last financial quarter tax deadlines you’ll want to keep track of in 2021: Types of Business Taxes to Track Before getting to deadlines,…

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deducting business expenses

The Best and Worst Practices for Deducting Business Expenses

By Accounting Advice

The primary objective of every business, large and small, is to generate a healthy ongoing net income. Of course, revenues minus expenses and minus taxes equals net income or profit. A business can generate more profit by increasing revenue, managing or reducing expenses, and optimizing tax deductions. These are our recommended best (and worst!) practices for recording and deducting business expenses:  What Are Expenses?  Expenses are the costs that a company incurs in the process of generating revenue. Importantly, businesses can…

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Is Your Business Equipped to Handle Significant Growth?

By Small Business Advice

Growth is not a simple catchword, nor is it just a mantra for businesses. While growth is fundamental to the success and longevity of every business enterprise, it’s important to make sure your company is equipped to handle the significant changes it can bring.   We all want new business, but can your company take on the costs and workload required?    Why is Business Growth Important?    Business growth, properly approached and sustained, can allow a business to expand its products or…

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new business costs

Starting a New Business? Be Prepared For These Costs and Taxes

By Accounting Advice, Small Business Advice

Starting a new business can be exciting, but it comes with challenges, and it can’t be approached casually. Each new business owner faces the necessity of business planning, legal and tax planning, and planning for business startup costs.    Before starting a business, it is important to research the industry, the potential consumer base, the operating geography, and the competitive landscape.    What Are Expected New Business Startup Costs?  To avoid IRS problems and possible business failure, business expenses always need to…

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