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.
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 […]
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 […]
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, […]
We teamed up with the renowned CPA exam mentor and founder of CPA Exam Guide, Bryan Kesler, to write this awesome article about outsourcing your business accounting. We obviously couldn’t agree more, so we wanted to share his expertise on the topic! One of the most critical operational aspects of any business is a transparent […]
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: As your […]
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 […]
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 […]
Considering the tax extension deadline is just a couple days away, I thought it would be a good time to dive into everything you need to know about tax extensions! The IRS reports that as of April 15th each year, about 50 million taxpayers still need to file their taxes (!!!)… so if this is […]
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