Tax season can be a frantic time for any startup. If you maintain accurate records, managing your business's tax profile should be a year-long process. Keeping up to date in real-time makes the effort come tax season exponentially easier. Here are 5 Common Tax Mistakes that Startups Make, and How to…Read More
Tax planning is the analysis and arrangement of a person’s financial situation in order to maximize tax breaks and minimize tax liabilities in a legal and efficient manner. Tax rules can be complicated, but taking some time to know and use them for your benefit can change how much you end up payin…Read More
A small business owner only has so much time to do tasks for your business. Once your business hits a certain point of growth, you will have to add more employees and add them onto your payroll. More employees should result in further growth for your business since more hands on deck means more work…Read More
If you want to be a successful small business, you’re going to have to learn how to keep the books in order. Bookkeeping is vital to the survival of a small business and can help owners make better business decisions. Most small business owners are not familiar with the best bookkeeping practices,…Read More
Small business taxes can be complicated, especially if the business owner lacks knowledge of small business tax obligations. There is a lot of paperwork involved and the cost of mistakes can be high if you pay less than you owe and become subject to penalties and an audit. Small business owners shou…Read More
The April 15 tax deadline recently passed with relief to many Americans around the world as they had successfully completed their 2018 tax returns. Although tax season is technically over, tax planning for small businesses is a year-long effort. The sooner you start and plan your taxes, the bigger i…Read More
When tax season rolls around most small business owners feel uneasy about their tax preparation. Figuring your business taxes yourself may seem scary, but it's usually doable. If you keep records of your income and expenses throughout the year, you use them to figure your net taxable income. What is…Read More
As tax season rolls around each year most Americans dread the tax preparation and assistance process. Advancements in technology have allowed people to file and submit their taxes with the IRS in two different ways: by e-file or mailing it on paper. According to the IRS, 90% of Americans e-filed the…Read More
There's nothing simple about starting and owning a business. If you’re a small-business owner, you’ve probably heard of the 2018 tax bill known as the "Tax Cuts and Jobs Act." This bill has reformed corporate taxes in the United States, especially for small businesses, making this one of the b…Read More
With self-employment comes freedom, responsibility, and a lot of expense. You take on risks and costs that you don’t have when you work for someone else. Having your own business definitely increases the amount of record-keeping you have to do for tax purposes. When you’re digging through boxes …Read More
