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

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 […]

Business Tips, Quarterly Estimated Taxes, Tax Deductions

5 Questions to Ask Your Accountant

Chances are, your business will soon face a new compliance requirement: FinCEN’s Beneficial Ownership Information reporting requirements, also known as BOI reporting. This new requirement takes effect on January 1, 2024, and it could be tricky for business owners who aren’t aware of the reporting requirements and familiar with the kind of information these reports […]

Business Tips

How to Prepare for FinCEN’s BOI Reporting Requirements

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 […]

Business Tips

How Equity Compensation Affects Your Taxes

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 […]

Savings & Retirement, Tax Reform

529 Education Savings Plans

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 […]

Business Tips

How To Get Paid (Faster)!

Do you drive a lot for your job or your business? Are you constantly on the road heading to client meetings or events? If this is you, you’ve probably wondered if you can deduct your car expenses as a tax write-off. Here’s a breakdown of the criteria you must meet to be able to claim […]

Tax Deductions

Can You Write-off Your Car Expenses?

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?

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