Owning a small business makes you very aware of every penny coming in… and going out! While following your passion is why you started your business in the first place, the reality is, it needs to be profitable. Most small business owners try to save every dollar humanly possible, but there are just some things you should not skimp on. Tax preparation is one of them.
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When running a business, there is an influx of information you must wade through. When it comes to taxes, we don’t want you to have to make “educated guesses” on whether the information is a truth or myth. You...
No one likes to pay taxes. Most people don’t even want to talk about them. We get it. Taxes can feel overwhelming and lead to frustration. However, understanding how taxes work is essential to setting yourself up for success.
When you can deduct business expenses depends on several factors: whether you are an accrual or cash basis taxpayer, what type of business you are, if related parties are involved, when the item was placed into service and so...
Setting goals may seem like a minor footnote compared to the other items on your to-do list, but we cannot stress this enough; it is the most important part of running your business!
We know there can be a sense of overwhelm for new businesses during tax season. There are so many questions and sometimes not enough time to adequately know the answers. Today we tackle the 1099- NEC in depth to...
We want you to be ahead of the game when it comes to business tax deadlines. These are tax dates you can add to your calendar, set reminders, and be prepared for what’s coming next. While we can’t keep everything...
Raise your hand if you feel like your taxes are simple and you don’t need an accountant. You're not alone! Most people feel this way. The truth is, as you begin your new business, you never really know when...