More in Taxes
Business owners may be tempted to relax at the end of year, but Q4 is a great time to get things in order, plan for the new year and minimize tax burdens.
Nobody looks forward to tax season, but these 5 simple deductions can lower the tax burdens and save cash for both small businesses and professionals alike.
Unfortunately, retirement income taxes are inevitable, but here are five simple ways for retirees to reduce their tax burdens.
the benefits of logging business miles for tax deductions
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 need to take to make sure you are in compliance with [...]
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 numbers 1099. Series 1099 forms are used to report various types of [...]
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 elevates your stress level. To make tax time go as smoothly as [...]
Most small-business owners would say one thing they would meticulously avoid if given the chance is a tax audit. But rather than living in fear of the unknown, let’s take a look at some of the most common triggers for a small-business tax audit. The IRS uses a computer program called the Discriminate Function System [...]