Taxes

How to Deduct Your Office Costs

You should have a nice office — for many reasons. It can impact employee performance, contribute to customer or client satisfaction, and affect your profitability and ultimate business success. Setting up and maintaining your physical layout entails one-time and ongoing costs. Office Expense Deductions The tax rules on how to write-off office expense deductions can …

How to Deduct Your Office Costs Read More »

How an Accountant Can Save Your Business Money at Tax Time—And All Year Long

Do you use an accountant to prepare your taxes or provide financial advice? If you’re trying to DIY to save some money instead of hiring an accountant, you could be costing yourself more than you save. In the TSheets 2019 Tax Season Debrief, a whopping 88% of small business owners with employees say hiring an …

How an Accountant Can Save Your Business Money at Tax Time—And All Year Long Read More »

New TaxWise Mobile App Helps Preparers Keep in Touch Clients

The big five accounting firms get most of the attention in the industry. But they only make up 10% of the firms in the U.S. Overall, 90% of these accounting firms have 10 or fewer owners or partners. Wolters Kluwer Tax & Accounting designed its new TaxWise Mobile app for tax preparers. These preparers have …

New TaxWise Mobile App Helps Preparers Keep in Touch Clients Read More »

65% of Small Businesses Got a Tax Refund for 2018 – Most Happy With It

For individual taxpayers, refunds are a common thing. But for small businesses, it depends on the type of entity you establish and the type of taxes you pay. 2018 Small Business Tax Refunds Survey According to a report from OnDeck, 65% of the business owners received a tax refund in 2018. And while 75% said …

65% of Small Businesses Got a Tax Refund for 2018 – Most Happy With It Read More »

What to Know about Taxes When Operating in More than One State

If your business has grown beyond your state’s boundaries so that you operate in more than one location, this can trigger tax complexities you need to address. Here are some to consider: Business Taxes When Operating in More than One State State Income Taxes If you operate in more than one state, how do you …

What to Know about Taxes When Operating in More than One State Read More »

E-Commerce Sales Taxes: What Your Online Business Needs to Know

By Tom James In years past, sales taxes were a relatively simple matter for online businesses. A company only needed to collect and remit sales taxes when selling to residents of the state where the business was located. That changed, however, in 2018 when the Supreme Court handed down South Dakota v. Wayfair. Inc., a …

E-Commerce Sales Taxes: What Your Online Business Needs to Know Read More »