Estimated income tax payments remain a fact of life for most of us who run our own businesses. Those who are employed receive paychecks where the employer withholds taxes. But most business owners and the self-employed must to periodically send an amount called “estimated tax payments” to the IRS. You may also need to pay […]
Estimated Tax Payment Answers for SMB Owners, Self-Employed Read More »
Filing tax returns remains a time-consuming and complex task. But tax filing software enables you to accurately and quickly file tax returns. As a result, you can spend more time doing what you do best — running your own business. Tax Filing Software Take a look at our list of the best tax software for
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Tax season can be stressful for small business owners. There’s all the receipts you need to get together and that’s usually just a slice of the other invoices, documents and data that needs to be corralled and made sense of. Sometimes you just need to talk with someone who knows where a piece or
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Filing a tax return for your business each year is something you must do. But you don’t want to make mistakes that can result in higher taxes than you really owe, draw IRS attention to your return, or cost you interest and penalties. Here are 20 mistakes to avoid: Tax Mistakes 1. Misreporting Income Income
Do you work from home? If so, others share your situation. The U.S. Small Business Administration says 60.1% of all firms without paid employees are home-based. The same ca be said for 23.3% of small employer firms, and 0.3% of large employer firms. Work from home? Determine whether to claim a home office deduction, which
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Deductible business expenses help entrepreneurs with many of the costs of running a company. Business owners know that most expenditures can be written off, although there may be limits and timing. Check out the most common tax deductions for small business. Last Spring the IRS released data showing the common deductions taken on sole proprietorship
Jeff Knauss (left) and Jacob Tanner (right), co-owners and co-founders of Digital Hyve (Photo by Adam Rombel/CNYBJ). SYRACUSE, N.Y. — Digital Hyve — a Syracuse–based digital-marketing agency that has grown rapidly since its founding in mid-2014 — announced it has received $1 million in tax incentives from the Empire State Development (ESD) Excelsior Jobs
Digital Hyve awarded $1 million in tax credits from ESD Excelsior Jobs program Read More »
It is said death and taxes are for certain, but you can definitely add the complexity of the tax system to that mix. With that in mind, the Internal Revenue Service (IRS) has launched the Income Tax Withholding Assistant for Employers. This is a new online assistant to help small businesses calculate income tax withholdings
IRS Tool Helps Small Businesses Calculate Income Tax Withholding Read More »
Actually, there are two. The first is the tax we each pay so that companies can bid against each other to buy traffic from Google. Because their revenue model is (cleverly) built on both direct marketing and an auction, they are able to keep a significant portion of the margin from many industries. They’ve become
Tax and Legal Mistakes to Avoid When Setting Up Your Business When you finally make the decision to start your own business, you’re immediately overcome with excitement and determination but soon after that, your emotions shift and go from excitement to pure panic! You’re panicking because you’re starting your own business! That’s a huge and
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