Ever wonder what the difference is between a deduction and a credit? A deduction is something that is 'deducted' from income to lower taxable income. A credit is a dollar for dollar decrease in your tax bill and is why credits are much more powerful. #veteranowned

"Choose to Live" Army leaders are working to end the stigma of receiving mental health during the Army Substance and Abuse Program's annual Suicide Prevention Awareness event. Read more: go.usa.gov/xVQPR Illustration by #USArmy #NSPM

"Depreciation recapture" is the gain realized by the sale of depreciable capital property that must be reported as ordinary income for tax purposes. It is calculated when the sale price of an asset exceeds the tax basis or adjusted cost basis. #VeteranOwnedBusiness #Veterans

#Soleproprietorships do have advantages. They are easy to form, & the owners enjoy sole control of the #business profits. They also have disadvantages, the biggest of which is that the owner is personally liable for all business losses and liabilities. #veterans #veteranowned

Choice of business entity has both legal and tax implications. Make sure the one you choose makes sense for exactly what your business is doing. #veteranbusiness #Veteran #veterans #veteranowned #HireVeterans #VetResources

"While there's little we can do to get to absolute zero suicides, we have to define some measure of success. Which begs the question: what does success actually look like on the issue of #veteran suicide?" Full testimony: bit.ly/2s8Wlrw AVP: bit.ly/AVP112119

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We #need to #stop #veteran #suicide FYI, I’m a #successful guy with a great #family and I’ve had dozens of #suicidal ideations. It’s #real and it’s #widespread We can do #better projectshotatdawn for more… instagram.com/p/CBev1_7p0Lo/…

Today marks 76 years that the GI Bill became law, ensuring that veterans returning home would be able to benefit from higher education. Join us in celebrating the millions of student veterans who have used this opportunity to achieve their greatest potential. #GIBillAnniversary

Cloudy with a chance of #Paratroopers! Learn how you can be a sky Soldier at GoArmy #Ready2Fight #ArmyHiringDays

Using "rules" in #quickbooks can streamline the process...a link to the post is in our bio #veteranbusinessowners #veteranfocused #veterans #veteranentrepreneur #veteranowned #veteransreferringveterans #veteranbusiness #veteranownedandoperated instagram.com/p/CDHvDYvJs8y/…

Whether you cut hair or cut lawns, keeping good records is part of running a successful business: go.usa.gov/xfvU9 #IRS

CFO Services are needed now more than ever. They can be what keeps your business strong through these times #Veterans #veteranbusiness #veteranownedbusiness #vob #vbotag #cfosolutions #businessowner

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