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Provision Business Services LLC

A Professional Bookkeeping Firm

Located in Albuquerque, Serving all of New Mexico

505-269-3783

How to Handle Charitable Contributions

How to Handle Charitable Contributions

Congratulations for being charitable.  Contrary to what many think, charitable contributions are not a deductible business expense.  They are deducted on your personal tax return, the 1040.  Because of this, charitable contributions should ideally be made from a...
How to Post Medical Expenses to Your Books

How to Post Medical Expenses to Your Books

Medical expenses are a tax deduction, but not a business deduction.  What does that mean?  Something I see frequently is business owners paying for their personal medical expenses or their family’s medical expenses with business funds.  The thinking is that...