Running a business can be expensive. Everything comes at a cost, from keeping the lights on to buying inventory. Luckily, you may be able to deduct several business expenses to reduce your taxes. Even super small businesses with no or few employees can benefit from these deductions. 11 types of deductions Below are 11 common […]
Business Deductions That Even the Smallest Businesses Can Claim Read More »
The recent passage of a new tax bill has a lot of small businesses excited — and rightfully so. But before you go about investing a tax refund you have yet to receive or changing the structure of your business to get a more favorable rate, it can help to get some expert insights. Michael
How Trump Tax Cuts Could Impact Your Small Business – For Real – Small Business Trends Read More »
As the calendar ticks forward to April 15th, the pressure of tax season, tax reporting, and getting the best deal on your return will only increase. Running your business, keeping up with technology trends that include the disruptive force of blockchain, and dealing with the periodic tax obligations (including quarterly taxes) of any business can seem
What Entrepreneurs Need to Know About the Changes to Pass-Through Taxes Read More »
With 2018 in full swing, the business community is waiting to see what sort of fallout comes from the new tax reform bill. President Donald Trump ended 2017 by signing the Republican tax bill into law, potentially delivering huge wins for businesses big and small. The tax bill slashes the corporate tax rate from 35
5 Guidelines to Remember as Tax Reform Takes Hold Read More »
The year 2018 is still fresh and new with plenty of time to work toward achieving the goals you’ve set for your business. But some things can’t wait. For example, corporations and LLCs that want to elect S corporation status for this tax year have an upcoming deadline. So before the spring thaw, businesses that
Could S Corporation Election Be the Right Move for Your Small Business? Read More »
Post sponsored by efile4Biz By Rick Roddis If I told you that you could reduce your company’s tax errors by 19%, would you be interested? Well, that’s exactly what happens when you shift your tax reporting from paper to the cloud. When businesses use paper tax forms, there’s an average 20% error rate. When filing
Business Taxes: If Your Company Isn’t E-Filing This Year, What Are You Waiting For? Read More »
Post sponsored by efile4Biz By Rick Roddis Since its inception, the Affordable Care Act (ACA) has created great confusion for employers. The past year was particularly murky, due to a handful of attempts by GOP lawmakers to repeal the controversial legislation. Combine this with the recent tax-overhaul bill, and many employers have been left wondering,
Attention, Employers: The IRS Plans to Fully Enforce Mandatory ACA Employer Reporting Read More »
Intuit (NASDAQ: INTU) today unveiled a series of new features for QuickBooks aimed at helping small businesses that work with freelancers and independent contractors. And it can potentially make life easier for those contractors as well. New QuickBooks 1099 Features The features, which are automatically available with every version of QuickBooks, including QuickBooks online, let
Intuit Tool Helps Freelancers and Contractors File 1099 Forms Read More »
The recent passage of the Republican tax bill could lead to big changes for small businesses. But some entrepreneurs are still unsure exactly which parts of the bill might have the biggest impact. So a financial professional could potentially shed some light on the specifics. Ryan Himmel is a CPA and head of financial partnerships
How Xero’s Ryan Himmel Explains the Impact of Trump’s Tax Plan on Small Businesses Read More »
Accounting might not be your favorite topic, but it’s a necessary part of running a legal and functional business. You must report your business’s income and expenses, report payments to workers, and more. You need to know about many accounting forms for small business. Accounting forms for small business Throughout the life of your business,
