What Basic Documents Do I Need To Do My Taxes?
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 […]