internal revenue service Archives

What Entrepreneurs Need to Know About the Home Office Deduction

You may see your home office as the place you take important business calls, the place you meet new clients, the place you focus best on crafting your products -- but what about the place...

byChelsea Krause

May 6, 2022

The 7 Benefits of Forming a Corporation

Whether you are just starting your business or you have already been operating as a sole proprietorship or general partnership, you may be wondering about the benefits of forming your business as a corporation. Often,...

byBizFilings

October 3, 2021

How the New Tax Laws Might Affect Your Startup’s Financing

Many entrepreneurs in the U.S. have been keeping up with the recent changes to the tax law, passed at the end of 2017 and championed as a boon for small business. However, if you were...

byBruce Hakutizwi

April 3, 2018

How to Banish Your Bookkeeping Nightmares

For entrepreneurs and small business owners who don’t have an accounting background, bookkeeping and taxes can be intimidating or downright scary. But it doesn’t have to be. Lisa London, CPA, brings three decades of public...

bySusan Johnston Taylor

March 26, 2018

Sole Proprietor? Here’s What You Need to Know About Filing Taxes

The first thing to know about being a sole proprietor is that a sole proprietorship is a specific type of business structure where the individual and the business are seen as the same entity. Is...

byMichelle Mire

March 21, 2018

4 Considerations for Choosing the Right Tax Preparer

Taxes can be taxing for entrepreneurs and small business owners. Thankfully, tax season is nearly done and dusted, but looming on the horizon are potential changes to the way in which taxes will need to...

byMaureen Brogie

March 20, 2018

4 Strategic Accounting Tips for Scaling Your Startup

When you’re getting a startup off the ground, it’s easy to get so caught up in the fun and creative aspects, like marketing, branding and product development, that you neglect the less-sexy (yet integral) components,...

byLarry Alton

March 11, 2018

Should You Incorporate Your Business as an LLC for Tax Breaks?

One of the biggest appeals of incorporating as an LLC has long been the ability to save money on taxes. In addition to limited liability protection and building credibility with consumers, forming an LLC allows...

byMyCorporation

March 9, 2018

Managing Taxes in the Gig Economy

The gig economy can be a wonderful way to supplement your income while you’re building a new business. One of the benefits of Uber, Lyft, Shipt, Instacart, Doordash, Postmates or the host of other independent contract platforms is that...

byAlex Marlantes

February 21, 2018

Why Payroll Matters to Your Startup

According to a recent survey of 869 entrepreneurs, 74 percent were concerned about hiring good people. And, once you find the talent you’ve been looking for, you’ll want to do everything in your power to...

byMichelle Mire

January 12, 2018

Managing Estimated Taxes: Gig Workers and Form 1099

Freelancers and others in the gig economy are treated as small businesses by the IRS. Income is reported on Form 1099-MISC, which is submitted to the IRS by January 31 of the year after the...

byAnn Logue

October 16, 2017