Holiday Wishes From The Sooter Consulting Team

Holiday Wishes From The Sooter Consulting Team

Happy Holidays to all our clients and readers. It’s that wonderful time of year where we gather friends and family. It’s been an unusual year to say the least. I have a tradition to take a few hours by myself each year and just reflect what was good this year. I know...
Essential Records Retention Guide for Small Businesses

Essential Records Retention Guide for Small Businesses

Every year I get asked, “What do I need to keep?”. I created the records retention chart to help you with your year-end cleaning. Digital copies are completely acceptable and highly recommended. RECORDS RETENTION CHART PERMANENT RECORDS Annual Financial Statements...
Expensing Meals & Entertainment: Updated Deduction Rules

Expensing Meals & Entertainment: Updated Deduction Rules

Expensing Meals & Entertainment—What You Need To Know As my team and I prepare for the year-end, we are going through the typical problem areas of the Profit and Loss. Since 2018 when President Trump signed into law many changes in the tax code, meals have been...