Taxes Articles

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    Understanding Business Tax Write-Offs

    by on July 15, 2014

    Whether you’re a freelancer, consultant or small business owner, every purchase you make that doubles as an investment for your business may betax-deductible. The Internal Revenue Code allows you to write off all “ordinary and necessary” expenses requi…

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    5 Tax Tips for Deducting Travel Expenses

    by on April 1, 2014

    Business travel can be a lot of things: exciting, tiring, profitable, and — if you don’t properly manage your expenses, per the IRS — taxing (in the financial sense).

    When it comes to deciding what to claim and how, there’s no substitute for seeking a…

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    4 Solutions for Common Small-Business Money Mistakes

    by on March 17, 2014

    Tax season may not be your favorite time of year, but it can provide a catalyst for identifying and addressing any financial missteps you’ve taken over the past year.

    Here are four common financial mistakes that small-business owners make — and some exper…

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    Estimated Tax Payments: Should You Use Annualized Income?

    by on March 6, 2014

    Making estimated tax payments comes with the territory when you strike out on your own. If business is predictable, it’s easy enough to send the IRS a set amount on a quarterly basis. But if your income fluctuates throughout the year, how do you ensure you d…

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    What Is Nexus and How Does It Affect Your Small Business?

    by on February 11, 2014

    Nexus, also called “sufficient physical presence,” is a legal term that refers to the requirement for companies doing business in a state to collect and pay tax on sales in that state. For example, if you sell goods or services in Los Angeles, you must fil…

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    5 Tips to Help Artists and Crafters Manage Their Finances

    by on February 3, 2014

    When I started a crafts business 25 years ago, I was focused solely on making art. I didn’t know anything about managing money, and I hoped that the finances would just take care of themselves.

    Over time, I discovered that taking charge of my business’s…

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    The Online Sales-Tax Stalemate Continues

    by on January 6, 2014

    The U.S. Supreme Court is refusing to get involved in the ongoing dispute over the collection of sales tax on online purchases. On December 2,2013, the court declined to hear a case in which Amazon and Overstock challenged a New York law allowing the state to…

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    7 Tax Breaks for Small Business to Consider for 2013

    by on December 20, 2013

    It’s up to you to keep the appropriate records and take advantage of the available IRS income-tax deductions. There’s a fine line between cheating the system and not cheating yourself.

    Here’s a look at a few of the breaks available to small-business ow…

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