Tax & Bookkeeping Hacks for Entrepreneurs

Yep, you can write that off! We’re here to help you maximize your profits, minimize your tax liability, and tap into the right tax deductions for your small business. 

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Starting and managing your own small business can be the most fulfilling experience, but it comes with several responsibilities, including providing certain employee benefits. In fact, according to a survey by Glassdoor, 57% of job seekers report benefits and perks being among their top considerations when deciding whether to accept a job offer. Employee benefits […]

Business Tips

Minimum Employee Benefits a Small Business Must Provide

If you own a small business, there’s a good chance you need to issue one or more 1099s. Properly filing Form 1099 is essential for complying with IRS rules and avoiding penalties. But many small business owners aren’t aware of their filing requirements. This article provides an overview of what business owners should know about […]

Business Tips

Do You Have to File 1099s?

Life happens. You miss a tax deadline or can’t pay the taxes you owe. While you might face IRS penalties, these penalties are often preventable. In some cases, you might even be able to get them waived. So rather than panicking or avoiding the issue, let’s look at what kinds of penalties the IRS charges, […]

Business Tips, Quarterly Estimated Taxes

Failure to File: Your Guide to Understanding IRS Penalties

As a small business owner, you know how important it is to maximize profits and minimize expenses—especially in times of economic uncertainty. But cutting costs too aggressively can hinder growth. After all, if you’re too focused on reducing budget lines, it becomes tough to allocate resources toward increasing operations and expanding your reach as an […]

Business Tips

How to Cut Expenses Without Limiting Growth

Are you a business owner considering purchasing a vehicle or truck in 2023? Claiming depreciation on that vehicle can make a huge difference in your tax liability. At first glance, auto depreciation might seem like an overwhelming topic. So this blog post will break down everything you need to know about depreciating (aka “writing off”) […]

Tax Deductions

Vehicle Depreciation Limits for 2023

Are you considering purchasing an electric vehicle for your business or personal use? You may be eligible for a substantial federal tax credit! Recently, the Internal Revenue Service (IRS) announced a change to its standard it will use to determine the classification of a vehicle for the Clean Vehicle Tax Credit, also known as Section […]

Tax Deductions

IRS Change Allows More Vehicles to Qualify for Clean Vehicle Tax Credit

Chances are, maximizing your tax savings is top of mind this time of year—especially if you have multiple income streams. When dealing with income from various sources—a job, a business, investments, and more—tax time can get complicated. Fortunately, there are plenty of ways to maximize your tax savings. So read on to discover five tried-and-true […]

Business Tips, Savings & Retirement, Tax Deductions

5 Ways to Save on Taxes When You Have Multiple Income Streams

If you’re a small business owner and you work from home, you may qualify for a home office deduction! This is a big perk to help lower your taxes. You can take this deduction if you use a portion of your home exclusively, and on a regular basis, for any of the following: If you […]

Tax Deductions

Deduct Your Home Office

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