How to Stay on the IRS’s Good Side: Tips for Small Businesses
For small business owners, taxes and regulations can feel like an endless maze. Between managing employees, tracking expenses, and trying to grow your company, it’s easy to let something slip through the cracks. But staying on top of small business compliance isn’t...
Understanding Sales Tax: When, Where, and How to Collect It
Sales tax is a fundamental part of doing business in the United States, but it’s also one of the most misunderstood. Between changing state laws, online transactions, and local variations, even experienced business owners can have a hard time understanding sales tax...
Independent Contractors vs. Employees: Contract Labor Tax Differences You Can’t Ignore
As a business owner, you already know that certain decisions you make can have tax impacts on your business. When it comes to choosing between contract labor or hiring employees, there are pros and cons to each side. It is important for you to understand the...
Is This Really Taxable? Myths and Facts About Business Income
Running a business involves so much more than just offering great products and customer service. One of the biggest responsibilities you have as a business owner is to keep your financials in check. This is particularly true of anything to do with your taxes....
Oh No, I Missed a Tax Deadline! What To Do Next
A missed tax deadline is one of those things that can quickly become worrisome and overwhelming. You’ve likely heard horror stories or advertisements of the IRS piling on extravagant penalties and interest or even showing up at your door to seize property. While these...
Pay Less, Save More: Tax Strategies Every Business Owner Should Know
For business owners, tax season can be stressful and overwhelming. You’ve got tax responsibilities and often big payments that come from owning a business. Did you know that with the right tax strategies you don’t have to spend your tax season being stressed out about...
LLC, S-Corp, or C-Corp: Which Tax Setup is Best for You?
If you’re starting a business and choosing between an LLC, S-Corp, or C-Corp, this guide is for you. Each of these business entities has unique defining factors. Understanding your options and choosing the right business structure is an important decision - likely one...
Should You Hire a Tax Pro or DIY? Pros and Cons for Business Owners
Have you ever asked the question “should I hire a tax pro”? In many cases, if you are asking this question, the answer is that you might need to at least consider consulting with a professional. The reality is that many returns are simple enough you might be able to...
Deduction Detective: What Can Your Business Actually Write Off?
Running a business often comes with many different expenses involved. The good news is that there are a variety of business write-offs you can use to your advantage to help reduce your tax burden from income. A tax-deductible expense can be incredibly beneficial when...
Business Tax Help: What You Need to Know (But Were Afraid to Ask)
Business owners need to understand that asking for business tax help is not a sign of weakness. That’s why professionals out there will navigate the complexities of business taxes. You should never be afraid to ask questions or check, double check, and triple check...