Highpoint Blog

How to Start the Year With Clean Books, Real Job Margins, and No Tax Surprises January is the most effective time of year for contractors

Do you have employees working in multiple states? Employees who are working in multiple states create two key issues: Which state(s) should your business withhold

Consequence of Ignoring an IRS Tax Notice In a court case ruling earlier this year, the IRS claimed a part-time bookkeeper who had none of

Triple Tax-Advantages of Health Savings Account The Health Savings Account (HSA) is a tax-advantaged medical savings account if you have a high deductible health plan.

How much of your Home Internet is Deductible? If you do some work at home for your business, you are more than likely using your

Cash Flow Effect on Delayed Payments With any construction project, it is assumed changes and delays will happen.  Contractors must protect their positive cash flow

Include your Indirect Costs for Potential Projects When calculating your desired markup for estimating potential projects, ensure you are including indirect costs. Some people believe

Handling Unreimbursed Partner Expenses As a partner in a partnership, you cannot deduct any of the partnership expenses on your individual tax return—the partnership should

Staying with family and/or friends while on a business trip is allowed if you follow all three of these rules: Rule 1: Family and friends

The Advantages vs. Disadvantages of the S Corporation Entity First let’s define what an S Corporation is.  After forming a corporation or an LLC, an