In the wise words of Benjamin Franklin, “Nothing is certain but death and taxes.” Preparing taxes may seem like just another burden thrown upon you as a small business owner. And while taxes are inevitable, there are some small business tax advantages you should prepare for throughout the year and leading up to tax season. …
Tax Advantages Every Small Business Owner Needs To Know Read More »
It’s never too early to prepare for tax season. Many aspects of tax planning come down to the small, consistent efforts you’ve made over the year to keep things organized. Small business owners without good financial hygiene may get nervous when tax season rolls around, but the process doesn’t have to be stressful. Use this …
Step-by-Step Small Business Tax Checklist For 2020 Read More »
When you think of outsourcing your business tasks, the first areas on your mind might be payroll, accounting, HR, and other similar tasks. You might not think that you can outsource roles at the C-level, but in fact, these duties are just as ripe for outsourcing. What Is an Outsourced CFO? Your Chief Financial Officer …
What Is an Outsourced CFO & How Will One Help Your Business? Read More »
Tax planning can be one of the most frustrating tasks for small business owners. There are lots of details to consider, and mistakes in the books frequently go unnoticed until it’s too late—at which point, your business has real problems. In one survey of small business owners, 40% agreed that managing bookkeeping and taxes was …
Are Online Tax Services the Best Choice for a Tax Advisor? Read More »
Even though the ink from your 2018 tax return might still be fresh, it’s not too early to start thinking about 2019. Here are a few tips to put on your tax prep checklist to ensure you have a successful tax year. 1. Prepare for Quarterly Payments Gather your estimates and set a reminder in …
Having a clear understanding of your finances is vital to running a successful business. It’s important to have a CPA (certified public accountant) you can trust on your team. Many small business owners work with CPAs for years, which can make them seem hard to replace. However, that relationship can make it difficult to tell …
Small Business Tax Advice: 5 Signs It’s Time to Look for a New CPA Read More »
With the Tax Cuts and Jobs Act bringing huge changes under the new tax law, you’re not alone if you’re wondering what that means for your personal return. To clarify, here’s a snapshot of 5 key changes under the new tax law for personal tax returns: 1. Increased standard deduction One of the biggest changes …
5 Key Changes for Individuals Under the New Tax Law Read More »
With 2018 bringing the most sweeping changes to the U.S. Tax Code in a generation, there’s still a lot of uncertainty and confusion heading into year-end and the beginning of tax season. In fact, the IRS is still officially interpreting portions of the Tax Cuts & Jobs Act of 2017 so they can prepare updated …
The SMB Owner’s Guide to Navigating the Tax Cuts & Jobs Act Read More »
