1. 8 Red Flags That Could Get Your Small Business Audited

    8 Red Flags That Could Get Your Small Business Audited

    Tax season makes a lot of people nervous.  They are worried that they might owe money or that they haven’t done their taxes properly.  They worry about whether or not they will get a notice that says they are being audited.  The truth is that most people can relax.  Even if you did make a mist…Read More

  2. Small Business Tax Preparation & Organization Tips for Tax Season

    Small Business Tax Preparation & Organization Tips for Tax Season

    It’s just about that time of the year again: Tax Season! Maybe you’ve been filling your tax information away neatly in color-coded file folders all year. Or maybe you scanned and saved your receipts and other documents on your computer where you can find them in a second. It's the perfect time t…Read More

  3. Everything Your Small Business Needs For A Successful Tax Day

    Everything Your Small Business Needs For A Successful Tax Day

    It's not a secret: Americans don't like Tax Day. A 2014 survey found 56% don't like doing their taxes, while 26% absolutely hate it. Doing your taxes is a complex process. You have to get all of your documents together, meet with your accountant, and potentially answer more questions. Even if you hi…Read More

  4. Small Business Accounting: Top 9 Reasons for an IRS Audit

    Small Business Accounting: Top 9 Reasons for an IRS Audit

    Small business tax preparation can be complicated, especially for small business owners unfamiliar with tax law. A simple mistake or slight exaggeration could warrant an audit from the Internal Revenue Service which could be extremely costly for your small business. The best way to minimize your cha…Read More

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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