1. Small Business Tax Preparation Tips for 2019

    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

  2. Tax Planning: A Year-Long Effort for Small Businesses

    Tax Planning: A Year-Long Effort for Small Businesses

    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

  3. Determining Taxable Income for Your Small Business

    Determining Taxable Income for Your Small Business

    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

  4. Why the IRS Prefers You E-File Your Tax Returns

    Why the IRS Prefers You E-File Your Tax Returns

    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

  5. Why Your Small Business Needs a CPA

    Why Your Small Business Needs a CPA

    Most small business owners think they can get away with not hiring a CPA and can handle their finances on their own. Although entrepreneurs prefer this DIY approach to tax and accounting services, it’s not always the best option for the long-term future of your business. As a business owner, it is…Read More

  6. How Your Business Structure May Affect Your Taxes

    How Your Business Structure May Affect Your Taxes

    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

  7. Tax Preparation & Assistance: Tips for the Self- Employed

    Tax Preparation & Assistance: Tips for the Self-Employed

    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

  8. Small Business Taxes: 2019 Guide for Business Owners

    Small Business Taxes: 2019 Guide for Business Owners

    Taxes can be very complicated, and many small business owners struggle to understand how their tax liability is determined. Business owners struggle to understand the corporate income tax rate, which deductions they are eligible for, and what terms like pass-through rate even mean. In addition to in…Read More

  9. How Bookkeeping Will Sink Your Business

    How do you make financial decisions in your business? Do you make them based on your own knowledge and awareness of the business, or do you review your financial records to make an informed decision on where the business is right now? One of the biggest business killers in today’s fast-paced marke…Read More

  10. 4 Business Accounting Pitfalls and How to Avoid Them

    You value your business. You’re on a mission to grow your business and make an impact on the world. Those who work for you rely on your ability to make smart decisions and steer the business in the right direction. But what happens when you ignore small accounting oversights? Are you aware of the …Read More