Taxes Articles

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    Why You May Have to Pay Franchise Tax Even if You Don’t Run a Franchise

    by on February 16, 2015

    While a franchise tax may sound like it’s only for people who own fast food joints, all small-business owners need to understand the rules related to franchise taxes because many states use them to raise revenue from businesses incorporated there, whether or n…

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    How to Select the Perfect Tax Preparer for Your Business

    by on February 5, 2015

    You need your taxes done, you don’t want to do them yourself, and now you’re faced with choosing a tax preparer that you hope will do a good job, help you pay the least amount of taxes by law, and keep you out of trouble with the IRS. But how do yo…

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    4 Things You Need to Know About Contractors and Small-Business Taxes

    by on January 30, 2015

    If 2014 was the first year you hired a contractor or freelancer, you might be unaware of your responsibilities for tax time. Here we’ll look at what you need to do to ensure you comply with IRS rules and help your contractors file their taxes on time.
    1. You P…

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    How New Healthcare Laws Affect Your Taxes

    by on January 28, 2015

    If you’re part of the 95% of private businesses that employ fewer than 50 workers, you may be wondering how new healthcare laws will impact small business owners in 2015. Since the Patient Protection and Affordable Care Act (ACA) was enacted in March 2010, d…

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    In the Trenches: Making Sense of 1099s

    by on January 21, 2015

    Unless you run H&R Block, you’re probably like me in hating tax season. But for me, it’s not the dollars that are the issue. It’s all the awful, time-consuming paperwork. And nothing is more confusing and annoying than dealing with a 1099.
    There are actual…

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    3 Tax Deductions Available Only to Startup Businesses

    by on January 21, 2015

    If you started a business last year and incurred some expenses before you officially opened your doors, you may be entitled to deduct certain startup and organizational costs on your tax return this year. But the IRS has strict guidelines you must follow to cl…

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    How to Find an Accountant That Specializes in Freelance

    by on January 9, 2015

    If freelance work is your primary form of income, managing your taxes can be highly complicated. While software like QuickBooks Self-Employed will help facilitate the process, some business owners may opt to supplement that software with an accountant tha…

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    The Freelancer’s Guide to Income Tax

    by on January 8, 2015

    Whether this is your first year as a freelancer, or you’re a seasoned veteran, the tax rules and regulations surrounding freelance work are numerous and complicated. If you intend to handle the filing of your tax return yourself, there are some key deduc…

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