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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With tax season just a couple months away, it’s time to get organized and prepared to tackle this not-so-fun side of being an entrepreneur. I know that taxes can be confusing and feel overwhelming, especially to business owners. I know that sometimes figuring out what can be deducted and how to file taxes accurately can […]
Payroll—it’s one word that can cause even the most seasoned business owners anxiety. Whether you’re dealing with payroll tax complexities or ensuring you comply with the latest labor regulations, managing payroll can feel like navigating a maze. But don’t worry! The right payroll software can make the daunting task of payroll management significantly simpler and […]
Small business owners understand how complex and overwhelming managing their bookkeeping, business finances and taxes can be. In fact, many of them go it alone. According to OnPay’s Small Business Finance and HR Report, only about 30% of small business owners work with an accountant and many that do tap their accountant’s expertise only do […]
UPDATE AS OF MARCH 28, 2025: On March 26, 2025, FinCEN published an interim final rule in the Federal Register that significantly narrows the scope of the BOI reporting requirements. Most notably, domestic entities are no longer required to file BOI reports. Chances are, your business will soon face a new compliance requirement: FinCEN’s Beneficial […]
Equity compensation: it’s a phrase that rings with promise and potential for employees, a shiny carrot held out by companies big and small to attract and retain top talent. But beyond the allure of holding onto talent without an immediate outlay of cash, there are tax implications. Let’s cover what business owners need to know […]
For many years, 529 college savings plans have offered a tax-favored way to save for higher education. These plans, officially called qualified tuition programs, are funded with after-tax dollars. Account owners choose from a menu of investments, and any earnings are untaxed. Distributions are also tax-free if they do not exceed the qualifying educational expenses […]
As an entrepreneur, we’ve all had those customers or clients who are notorious for paying late. You’ve likely had to send a few notes that tell a customer “Hey, you’re overdue. Can you please pay us?” These notes, which are also called “dunning letters”, can be sent via email or as a paper letter. Sounds […]
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