If you’re like many small business owners, your thoughts are already turning towards preparing for tax season. And an important part of that preparation should be looking for ways to potentially save your business a lot of money: namely deductions!…
No matter how small your company is, you have to file taxes. But, your small business tax preparation cost can be more expensive than you might think. A study by the National Small Business Association (NSBA) said 42% of small…
Every year, you pay your taxes. Every year, you wonder why you pay certain taxes. And every year, the process never becomes any more enjoyable. While you’re never going to welcome the action of giving the government your hard-earned money,…
For many businesses, January means preparing the previous year’s documents, invoices and receipts for tax filing. But before you meet with your accountant, it’s important to understand any tax changes that may impact your business this year. As a new…
As a small business owner, you may assume the IRS isn’t concerned with your tax liability. However, this assumption couldn’t be further from the truth. In fact, reports suggest that the IRS has increasingly targeted small businesses for audits in recent years. While the…
As a small business owner, tax time can be stressful, especially if you’re scurrying to pull together all of your receipts and trying to remember everything you did last year. Although accountants can help you sort and summarize, it’s a lot…
Small business owners must comply with various federal, state and local policies in an extraordinarily complex tax system. Although tax season hasn’t officially begun quite yet, it is prudent to consider the existing tax structure, as well as review any…
The end of the year is a busy time for a whole host of reasons. Holidays, travel plans and family visits keep us all running ragged from November through January 1. But as a small business owner, there’s even more…
Accounting mistakes can impede the growth of your small business and put it on shaky ground. Unfortunately, mistakes are all too common, especially for new or young businesses. Below are the three most common accounting mistakes small business owners make…
Accounting is and always will be a critical function of the savvy business owner, but accounting doesn’t have to be a nightmare or something to dread. It just takes a little perseverance and planning to ensure that your records are…
