Preparing Your Business for Tax Season
While tax season can be hectic for some people, it doesn’t always have to be. We have a comprehensive guide to help business owners prepare for tax season. Step 1: Organize Your […]
Business
Navigating Employee Retention Credit Refunds: A Guide for Tax Reporting
Understanding the Basics The Employee Retention Credit (ERC) has been a crucial financial aid for many businesses during challenging economic times. However, once you’ve obtained this benefit, it’s essential to know how […]
Should You Take Out A Loan Or A Line Of Credit For Your Business
Before you go into debt with your business, you’re going to want to read this. Today, we’re going to share with you the pros and cons of getting a loan or line […]
Home Office Tax Deductions
If you own a business and work from home, you’re going to want to know about this important tax deduction. If you are a business owner who uses your home frequently for […]
California Residents Receive A Tax Extension
Record breaking winter storms took to the state of California in the early parts of this year. As a result the IRS has given CA residents an extension to the tax deadline […]
Possible Recession: Should I Invest Or Save?
With banks failing and a recession looming, many are wondering whether they should invest while the stock market is low or save money. During a down time in the economy, cash is […]
How To Set Your Business Up for Success During a Recession
With banks failing and a recession looming, we have one piece of advice to make sure your business survives. Amidst the influx of money and stimulus funds, it is easy for some […]
Will AI Eliminate Accounting Jobs?
With all the advances in AI, people are wondering – can I replace my accountant with a robot? There is a lot of potential in using artificial intelligence to help with your […]
Business Owner Tax Benefit: The Augusta Rule
As a business owner, it’s crucial to keep track of your expenses and minimize your tax liability. One way to achieve this is through the Augusta Rule tax strategy. We have all […]
The Most And Least Tax Friendly States
Have you ever wondered what states are the most and least tax friendly? Head to the Big Apple, New York if you’re looking for the highest taxes. For those looking for a […]
$1 Spent in Your Business Isn’t $1 Saved on Taxes
Just because something is a business expense, doesn’t mean it’s free money. The goal in every business should be to keep your money, not spend it. Spending money to save it on […]
How to Pay Yourself as a Business Owner – Owner Distribution, Guaranteed Payments or Salary?
Wondering how you should pay yourself? Well, with IRS requirements, sometimes it can be confusing on how to actually give yourself your hard earned money. We have everything you need to know […]