Taxes Articles

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    4 Things Every Small Business Owner Needs to Know Before April 15

    by on December 23, 2014

    April 15 — tax day — will be here before you know it. According to Adam Boatsman, a founding partner of Boatsman Gilmore Wagner and an expert on business tax issues, there are a number of special things small-business owners need to be aware of when prepari…

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    4 Tasks Small Business Owners Must Complete Before January 1st

    by on December 5, 2014

    Small business owners are often spread thin over the holidays, balancing the competing demands of the busy shopping season and responsibilities to family and friends. And while entrepreneurs may be tempted to let some tasks slide into the new year, the truth i…

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    5 Tips for Year-End Tax Deductions

    by on November 20, 2014

    With 2014 coming to a close, it’s as good a time as any to start preparing your annual tax return. And while tax season is nobody’s favorite time of the year, individuals and families can take steps to make tax filing a little less painful.
    Here ar…

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    Retirement Income Taxation: Tips to Avoid Overpaying

    by on November 12, 2014

    For members of the working world, taxes tend to be an unpleasant yet largely bearable fact of life. However, when it comes to retired individuals, taxes are often far more than a mere inconvenience.

    According to a recent article by U.S. News & World Rep…

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    3 Reasons to Log Your Vehicle Mileage

    by on November 11, 2014

    Claiming the tax deduction for business-related mileage can reduce your t ax burden, but ensuring that you realize true value from this benefit requires careful record keeping. (In fact, the IRS explicitly asks whether you have written documentation of mileage…

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    Backup Withholding 101 For Small Business Owners

    by on October 31, 2014

    At some point in the life of a business owner, you will probably bring in contract workers to assist you in serving your customers and clients. While the paperwork for these contractors is much simpler than for a regular employee, there are some steps you nee…

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    Understanding the Different Types of 1099 Forms

    by on October 17, 2014

    As a business owner, you not only need to do work for your clients and customers, but also handle the back-office tasks. This includes billing, accounting, marketing, and taxes. Tax forms you’re likely to have to manage include those that begin with the number…

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    5 Simple Ways to Save Yourself Stress Before Tax Time

    by on October 10, 2014

    Tax season won’t get underway for a few more months, but now’s the time to start planning ahead. Waiting until the last minute to get your records in order could easily increase your odds of making a critical error on your return, and it significantly elevat…

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