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. 

tax reform

top picks

savings & retirement

tax deductions

search all posts

business tips

quarterly taxes

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 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 […]

Business Tips, Quarterly Estimated Taxes, Tax Deductions

4 Must Do’s Before Tax Season

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 […]

Business Tips

9 Essential Payroll Software Features

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)!

Get on the list

Sign up to get tax and bookkeeping hacks for entrepreneurs delivered straight to your inbox twice a month!

.

on the 'gram