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.
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 […]
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 […]
The Earned Income Tax Credit (EITC) is one of the most significant tax credits available to taxpayers. However, it is also one of the most complicated tax credits. With January 26th marking national EITC Awareness Day, it’s a great time to remind the many workers who may be missing out on this valuable tax credit. […]
A 1099-NEC is an information return form to report nonemployee compensation (i.e. payments to someone other than an employee of your company) and is probably one of the most misunderstood business requirements of the IRS. Every year when January rolls around, many business owners are wondering if they have to send 1099s to their contractors […]
With another quarterly estimated tax payment right around the corner (remember, these federal payments are due April 15th, June 15th, September 15th, and January 15th) you may be wondering what all this talk about estimated taxes is even about. Do you have to pay them? What are they? How do you pay them? Let’s dive […]
With tax season right around the corner, this is the time of year that many business owners are thinking about taxes. Do you want to reduce your taxes? Of course you do. One way of doing this is implementing tax deferral strategies. But what does that even mean? Tax deferral means taking a deduction and […]
As a business owner you wear A LOT of hats. Operations, marketing, business development, and the list goes on. With all that hard work, I’m sure one of your goals is to earn a healthy profit. Which is awesome!! There’s just one small problem… when you earn a profit, you also earn the fun requirement […]
As we approach the holiday season, you may be thinking about sending gifts to some of your clients. Or maybe you would like to thank your employees and contractors with a little year-end gift. As a business owner and leader this is a great way to build lasting relationships and team morale! So let’s walk […]
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