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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quarterly taxes

The number one question I get from entrepreneurs (who typically have just been slammed with a large tax bill) is this: What one strategy should I implement to reduce my tax liability? Luckily, it’s a pretty simple answer. The most important step in successful tax planning is keeping up with your record keeping. Not the […]

Business Tips, Tax Deductions, Top Picks

#1 Tax Tip for Entrepreneurs

As a business owner, you probably know that there are potential tax-related upsides and downsides for every type of business entity. But the question is, what exactly are those tax advantages and how do they apply to you? Deciding which legal business structure to form for your business is SO important! So let’s take a […]

Business Tips

Tax Benefits of an LLC vs Corp

Hello Spring! If you enjoy a good weekend getaway, but also want it to be deductible, then keep reading! In the accounting world we call this strategy “wrapping a weekend”. The IRS states that if you travel for business and work both Friday AND the following Monday, then the Saturday and Sunday in between count as […]

Tax Deductions

Deduct Your Weekend Trips

It’s the 21st century. We live in a digital world. No one wants to keep hundreds of little scraps of paper throughout the year. So is it really necessary to keep that tiny receipt documenting the stamps you just bought at the post-office? If you’re a business owner, freelancer, or anyone who is doing any […]

Business Tips, Tax Deductions

Should You Keep Receipts?

Let’s be real – a big part of building a business is building relationships. And a lot of times we build relationships over coffee, meals, and maybe an occasional drink. So how do you write-off these expenses that are required to grow your business?? Keep reading. Business meals generally are 50% deductible. This means that […]

Tax Deductions

How To Write-Off Meals

If you’re thinking about hiring your first employee, congratulations!  It’s important to start off on the right foot as an employer by making sure you follow all of the new tax and legal rules that now apply to you.  I know you want to create a smooth transition from a one (wo)man show to an […]

Business Tips

Hiring Your First Employee

Are you thinking about hiring some help for your business? Or maybe you already have? It’s important to understand and correctly apply the rules for classifying a worker as an employee or an independent contractor. For federal employment tax purposes, a business must examine the relationship between it and the worker. The IRS Small Business […]

Business Tips

Employee vs. Contractor

With tax season upon us, 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 be stressful. But, […]

Business Tips, Quarterly Estimated Taxes, Tax Deductions

4 Must Do’s For Tax Time

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