--- title: Chaliff CPA Blog | Gregory Chaliff (3) description: At Chaliff we pride ourselves on delivering the best accounting services in the Midsouth. Our team is more than accountants – we’re entrepreneurs. (3) --- ###### ![phone](https://blog.chaliffcpa.com/hubfs/phone.svg)  901.753.4000 ![email](https://blog.chaliffcpa.com/hubfs/email.svg)   [Email Us](https://chaliffcpa.com/#homeRequestAConsultation) [Client Portal](https://chaliffcpa.cchifirm.us/clientportal/) [Request Consultation](https://chaliffcpa.com/#homeRequestAConsultation) [![chaliff logo](https://blog.chaliffcpa.com/hubfs/chaliff-logo.png)](https://chaliffcpa.com/) ![menu-chaliff](https://blog.chaliffcpa.com/hubfs/Website%20Assets/menu-chaliff.png) ![close_chaliff](https://blog.chaliffcpa.com/hs-fs/hubfs/close_chaliff.png?width=72&height=48&name=close_chaliff.png) - [Services](https://chaliffcpa.com/#homeServices) - [Testimonials](https://chaliffcpa.com/#homeTestimonials) - [About](https://chaliffcpa.com/#homeAbout) - [Blog](https://blog.chaliffcpa.com) - [Services](https://chaliffcpa.com/#homeServices) - [Testimonials](https://chaliffcpa.com/#homeTestimonials) - [About](https://chaliffcpa.com/#homeAbout) - [Blog](https://blog.chaliffcpa.com) ![](https://app.hubspot.com/settings/avatar/4eacbbaf5fe68240f0ae1680261c41e0) ### Gregory Chaliff All Posts - [All Posts](https://blog.chaliffcpa.com) - [Small Business](https://blog.chaliffcpa.com/tag/small-business) - [Accounting](https://blog.chaliffcpa.com/tag/accounting) - [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning) - [Taxes](https://blog.chaliffcpa.com/tag/taxes) - [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) - [Dentists](https://blog.chaliffcpa.com/tag/dentists) - [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) - [Contractors](https://blog.chaliffcpa.com/tag/contractors) - [Construction](https://blog.chaliffcpa.com/tag/construction) - [Bookkeeping](https://blog.chaliffcpa.com/tag/bookkeeping) - [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa) - [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service) - [Payroll](https://blog.chaliffcpa.com/tag/payroll) - [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions) - [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) - [Budgeting](https://blog.chaliffcpa.com/tag/budgeting) - [Electrician](https://blog.chaliffcpa.com/tag/electrician) - [Sales Tax](https://blog.chaliffcpa.com/tag/sales-tax) - [Plumbers](https://blog.chaliffcpa.com/tag/plumbers) - [Property Tax](https://blog.chaliffcpa.com/tag/property-tax) Search ###### Topics - [Small Business](https://blog.chaliffcpa.com/tag/small-business) - [Accounting](https://blog.chaliffcpa.com/tag/accounting) - [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning) - [Taxes](https://blog.chaliffcpa.com/tag/taxes) - [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) - [Dentists](https://blog.chaliffcpa.com/tag/dentists) - [Dental Practice](https://blog.chaliffcpa.com/tag/dental-practice) - [Contractors](https://blog.chaliffcpa.com/tag/contractors) - [Construction](https://blog.chaliffcpa.com/tag/construction) - [Bookkeeping](https://blog.chaliffcpa.com/tag/bookkeeping) - [Hiring a CPA](https://blog.chaliffcpa.com/tag/hiring-a-cpa) - [Internal Revenue Service](https://blog.chaliffcpa.com/tag/internal-revenue-service) - [Payroll](https://blog.chaliffcpa.com/tag/payroll) - [Tax Deductions](https://blog.chaliffcpa.com/tag/tax-deductions) - [Accounting Tools & Software](https://blog.chaliffcpa.com/tag/accounting-tools-software) - [Budgeting](https://blog.chaliffcpa.com/tag/budgeting) - [Electrician](https://blog.chaliffcpa.com/tag/electrician) - [Sales Tax](https://blog.chaliffcpa.com/tag/sales-tax) - [Plumbers](https://blog.chaliffcpa.com/tag/plumbers) - [Property Tax](https://blog.chaliffcpa.com/tag/property-tax) ###### Popular Posts - [Dental Practice Accounting 101: Don't Ignore the Balance Sheet](https://blog.chaliffcpa.com/dental-practice-accounting-balance-sheet) - [3 Financial Statements Every Electrical Contractor Should Know](https://blog.chaliffcpa.com/3-financial-statements-every-electrical-contractor-should-know) - [25 Tax Deductions for Tradesmen and Contractors That Can Save You Money All Year Long](https://blog.chaliffcpa.com/25-tax-deductions-for-tradesmen-and-contractors) - [These are the 5 Top Software Options To Streamline Your Dental Accounting](https://blog.chaliffcpa.com/top-5-dental-software-options) - [How Are Employee Bonuses Taxed?](https://blog.chaliffcpa.com/how-are-employee-bonuses-taxed) [![Excise Tax: What Is It and When Do You Have to Pay It?](https://blog.chaliffcpa.com/hs-fs/hubfs/Excice%20Tax%20Chaliff%20+%20Associates%20Blog%20Photos.png?width=400&upsize=true&name=Excice%20Tax%20Chaliff%20+%20Associates%20Blog%20Photos.png)](https://blog.chaliffcpa.com/excise-tax-what-is-it-and-when-do-you-have-to-pay-it) [Accounting](https://blog.chaliffcpa.com/tag/accounting), [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Taxes](https://blog.chaliffcpa.com/tag/taxes), [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) ##### [Excise Tax: What Is It and When Do You Have to Pay It?](https://blog.chaliffcpa.com/excise-tax-what-is-it-and-when-do-you-have-to-pay-it) 14 October 2022 What is excise tax? An excise tax is a legislated tax imposed on some goods, services, and activities. In order to be compliant with IRS... 4 minute read [Read More](https://blog.chaliffcpa.com/excise-tax-what-is-it-and-when-do-you-have-to-pay-it) [![How Does Sales Tax Work In The United States?](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20+%20Associates%20Blog%20Photos-1.png?width=400&upsize=true&name=Chaliff%20+%20Associates%20Blog%20Photos-1.png)](https://blog.chaliffcpa.com/how-does-sales-tax-work-in-the-united-states) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Taxes](https://blog.chaliffcpa.com/tag/taxes), [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) ##### [How Does Sales Tax Work In The United States?](https://blog.chaliffcpa.com/how-does-sales-tax-work-in-the-united-states) 7 October 2022 In the United States, sales tax is only added to some goods and some services, and some states don’t charge any sales tax at all.  However, if you... 4 minute read [Read More](https://blog.chaliffcpa.com/how-does-sales-tax-work-in-the-united-states) [![What’s The Difference Between Tax Avoidance And Tax Evasion?](https://blog.chaliffcpa.com/hs-fs/hubfs/Untitled%20design%20(5).png?width=400&upsize=true&name=Untitled%20design%20(5).png)](https://blog.chaliffcpa.com/whats-the-difference-between-tax-avoidance-and-tax-evasion) [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Taxes](https://blog.chaliffcpa.com/tag/taxes), [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) ##### [What’s The Difference Between Tax Avoidance And Tax Evasion?](https://blog.chaliffcpa.com/whats-the-difference-between-tax-avoidance-and-tax-evasion) 9 September 2022 The IRS requires businesses to comply with every aspect of the tax code. Evading taxes is a serious crime that can be punished by significant fines... 4 minute read [Read More](https://blog.chaliffcpa.com/whats-the-difference-between-tax-avoidance-and-tax-evasion) [![What Is a Workers’ Comp Audit? Why Do You Need One?](https://blog.chaliffcpa.com/hs-fs/hubfs/Untitled%20design%20(3).png?width=400&upsize=true&name=Untitled%20design%20(3).png)](https://blog.chaliffcpa.com/what-is-a-workers-comp-audit-why-do-you-need-one) [Accounting](https://blog.chaliffcpa.com/tag/accounting), [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning) ##### [What Is a Workers’ Comp Audit? Why Do You Need One?](https://blog.chaliffcpa.com/what-is-a-workers-comp-audit-why-do-you-need-one) 26 August 2022 It’s an unfortunate fact that people sometimes get sick or hurt on the job.  When someone experiences a workplace-related injury, they have a right... 3 minute read [Read More](https://blog.chaliffcpa.com/what-is-a-workers-comp-audit-why-do-you-need-one) [![How Can a CPA Help Your Small Business?](https://blog.chaliffcpa.com/hs-fs/hubfs/reviewing%20finances.png?width=400&upsize=true&name=reviewing%20finances.png)](https://blog.chaliffcpa.com/how-can-a-cpa-help-your-small-business) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Taxes](https://blog.chaliffcpa.com/tag/taxes), [Tax Advisor](https://blog.chaliffcpa.com/tag/tax-advisor) ##### [How Can a CPA Help Your Small Business?](https://blog.chaliffcpa.com/how-can-a-cpa-help-your-small-business) 12 August 2022 Every day, small business owners and managers have to make countless decisions. These decisions run from simple and straightforward to incredibly... 3 minute read [Read More](https://blog.chaliffcpa.com/how-can-a-cpa-help-your-small-business) [![10 Everyday Business Purchases That Are Tax-Deductible](https://blog.chaliffcpa.com/hs-fs/hubfs/Untitled%20design.png?width=400&upsize=true&name=Untitled%20design.png)](https://blog.chaliffcpa.com/10-everyday-business-purchases-that-are-tax-deductible) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Taxes](https://blog.chaliffcpa.com/tag/taxes) ##### [10 Everyday Business Purchases That Are Tax-Deductible](https://blog.chaliffcpa.com/10-everyday-business-purchases-that-are-tax-deductible) 3 August 2022 Even if everything is filed and squared away, as a business owner we know you understand the importance of staying on top of your taxes and... 7 minute read [Read More](https://blog.chaliffcpa.com/10-everyday-business-purchases-that-are-tax-deductible) [![5 Expense Tracking Tips To Budget Smarter and Spend Better](https://blog.chaliffcpa.com/hs-fs/hubfs/Chaliff%20Blog%20image.png?width=400&upsize=true&name=Chaliff%20Blog%20image.png)](https://blog.chaliffcpa.com/5-expense-tracking-tips-to-budget-smarter-and-spend-better) [Small Business](https://blog.chaliffcpa.com/tag/small-business), [Financial Planning](https://blog.chaliffcpa.com/tag/financial-planning), [Budgeting](https://blog.chaliffcpa.com/tag/budgeting) ##### [5 Expense Tracking Tips To Budget Smarter and Spend Better](https://blog.chaliffcpa.com/5-expense-tracking-tips-to-budget-smarter-and-spend-better) 4 May 2022 Tracking business expenses is one of the most important responsibilities of running a successful business. If you don’t track, you don’t grow. Plain... 5 minute read [Read More](https://blog.chaliffcpa.com/5-expense-tracking-tips-to-budget-smarter-and-spend-better) [1](https://blog.chaliffcpa.com) [2](https://blog.chaliffcpa.com/author/gregory-chaliff/page/2) [3](https://blog.chaliffcpa.com/author/gregory-chaliff/page/3) [![chaliff-logo-white](https://blog.chaliffcpa.com/hs-fs/hubfs/chaliff-logo-white.png?width=200&height=61&name=chaliff-logo-white.png "chaliff-logo-white")](https://chaliffcpa.com/) Chaliff & Associates **© **2021 | [Privacy Policy](https://chaliffcpa.com/privacy) | [Accessibility](https://chaliffcpa.com/accessibility) ![1_Badge_Online_large](https://blog.chaliffcpa.com/hs-fs/hubfs/1_Badge_Online_large.png?width=80&height=106&name=1_Badge_Online_large.png "1_Badge_Online_large") [Follow us on Facebook](https://www.facebook.com/chaliffcpa) [Follow us on LinkedIn](https://www.linkedin.com/company/chaliffcpa/)