Category: News

9 Ways to Increase Small Business Sales

Sales are the lifeblood of any small business. Increasing sales translates into increased customer interest and relationship building. The methods of increasing sales have changed dramatically over the last few years with the rise of the internet and social media.

TAX CUTS AND JOBS ACT (TCJA) – PART 2

SECTION 199A DEDUCTION (from Form 1040 #1 in Part 1) Section 199A Deduction also known as the Qualified Business Income Deduction arises from the Tax Cuts and Jobs Act of 2017. This new provision allows many owners of sole proprietorships,

TAX CUTS AND JOBS ACT (TCJA)

The Tax Cuts and Jobs Act (TCJA) was passed on December 20, 2017.  It amended the Internal Revenue Code of 1986.  Many of these changes will be in effect until December 31, 2025 unless extended by Congress. Listed below is

Why Choose Outsource Bookkeeping?

Running a business and developing a product are entirely different sets of skills than accounting and bookkeeping. There is no shame, then, in getting a little outside help to take care of one of the most important parts of the

Important Changes Regarding 2018 Business Deductions

Section 179: Equipment and property depreciation deduction Effective in the year 2018, the maximum amount you can elect to deduct for most section 179 property placed in service in the year 2018 is $1,000,000. Computers and Related Peripheral Equipment Computers

Diversified Management Services, Inc. celebrates 25 Years in Business

Diversified Management Services Inc. wishes to convey our sincerest gratitude to our clients for their unwavering support as we celebrate our twenty-fifth year in business. On October 1, 2018 we began our 25th year of establishment.  We would like to thank

The Advantages of Using Outsourced Bookkeeping

With a small business, it’s sometimes difficult to handle all the moving parts in the company. The business can quickly take over your entire life, and you may find yourself spending precious free time doing something to further your company.

Keeping Up With Bookkeeping During Accounting Cycles for Your Business

One of the most important parts of a bookkeeper’s job is to track accounting cycles from beginning to end every fiscal year. A bookkeeper must stay organized to avoid errors and make the extensive process significantly easier. There are eight

Why You Need to Set Goals for Your Small Business

Setting goals for your small business may be the factor that determines the success and longevity of your business. Goals will keep your vision in mind and help you stay on track. Both long and short-term goals help any kind

The Importance of Having and Following a Business Plan

Having a strong business plan to follow can make or break a company. It can clarify the direction of your company, outline your future vision, and help you manage your company in a more organized way. It also assists in