What Basic Documents Do I Need To Do My Taxes?
If you have several avenues of income or lots of opportunities for deductions, gathering the right tax forms and documents can seem overwhelming. Here are the basics to help guide […]
Understanding Business Travel Expenses and Tax Deductions
The TCJA Changes How To Treat Business Travel Expenses When Filing Taxes Entrepreneurs have plenty to manage, from growing their business to paying employees to managing client and vendor relationships. […]
Tips for Paying Yourself as a Business Owner
Running a business can quickly get in the way of paying yourself appropriately. Here’s how different business structures handle payments to owners, plus tips for including yourself while managing the […]
Structure Your Business Properly To Significantly Lower Your Taxes
The new tax code offers substantial breaks to small business owners – who know how to take advantage. Finding ways to legitimately lower your tax burden is an attainable goal […]
How To Avoid – or Reduce – Capital Gains Tax
Capital gains tax doesn’t have to overshadow your profits. Capital gains are profits you see from the sale of assets and investments, such as stocks and bonds or real estate. […]
How Business Partnerships are Taxed
Working with a partner brings its own particular set of tax rules. Entrepreneurs should be aware of them to avoid penalties and risks. A partnership is a particular type of […]
Employee vs. Contractor: Why Not Knowing the Difference Can Land Your Business in Hot Water
Make sure you fully understand the ramifications of mislabeling a worker when doing your taxes Your business may see big benefits in hiring independent contractors for certain work. But it’s […]
Commonly Missed Tax Deductions
Many business taxpayers fail to deduct otherwise eligible business expenses or fail to fully deduct qualifying business expenses. As a result, millions of dollars are overpaid to the Internal Revenue […]
A Basic Tax Guide for Nonprofit Organizations
Nonprofits, while tax-exempt, still have to file all the proper information with the IRS to clearly highlight their finances and programs. It’s well-known that many nonprofit organizations are exempt from paying […]
A Basic Guide to Depreciation for Small Businesses
As a small business owner, you can deduct depreciation that your assets experience over time. Here’s what to know about depreciation and how to calculate it. Key takeaways: Depreciation is […]
