No one likes paying taxes. Seriously, is there anyone out there who gets excited about forking over a chunk of their hard-earned money to the government? We didn’t think so. But of all the different types of taxes out there, estimated taxes might just be the worst. What are Estimated Taxes? If you’re a business […]

As a small business owner, one of the key things you can do to reduce your taxes is to take advantage of all the deductions you’re entitled to. But what are deductions? And what are the different types of deductions that you can take? Here’s a quick overview.  What Are Deductions? A deduction is an […]

If you’re like most small business owners, you’re always looking for ways to save on your taxes. But did you know that there are a number of tax deductions that you might be forgetting about? In this blog post, we’ll take a look at 7 of the most common tax deductions that small business owners […]

No one likes doing taxes. They’re confusing, time-consuming, and oftentimes frustrating. But, as a small business owner, it’s important to stay on top of your tax game. Luckily, we’re here to help. Read on for our top tips on how to get your taxes in order—before tax season even starts. 1. Find Out What You […]

The tax season is upon us yet again. For many business owners, the question arises: should we DIY our taxes or hire a professional tax preparer? There are benefits and drawbacks to both methods. Let’s take a look at a few key points to help you make your decision. Who Can DIY Their Taxes? Generally […]

If you’re in the process of starting a new business, congratulations! It’s an exciting time filled with endless possibilities. However, it’s also a time that comes with a lot of paperwork—including tax forms. Filing taxes can be complicated for anyone, but if you’re a brand-new business owner, it can be especially daunting. To help you […]

As a business owner, you’re responsible for making sure you’re up to date on all your tax obligations – including estimated taxes. What are estimated taxes? Estimated taxes are payments made throughout the year to the IRS for income that is not subject to withholding (think interest, dividends, self-employment income, etc).  If you don’t pay […]

Running your own business comes with a lot of financial responsibilities, including paying taxes. If you’re self-employed, you’re responsible for paying the entire amount of Social Security and Medicare taxes, as well as your income taxes. This can add up to a significant amount of money owed at tax time. However, there are some ways […]

As a business owner, you have a lot of balls to keep in the air. You’re managing employees, keeping customers happy, and making sure the products or services you offer are top-notch. Amidst all of that, you also have to stay on top of your finances. One essential way to do that is by categorizing […]

If you own a business, it’s important to be aware of the different types of tax forms that you may need to file. One type of form that you may need to file is a 1099 form. In this blog post, we’ll take a closer look at 1099 forms and what you need to know […]