Browsing Tag

small business taxes

16 posts
tax season
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Entrepreneurs Should Stop Sweating Tax Season — And Do This Instead

Complying with complicated tax regulations is difficult enough for new businesses without having to learn about the latest in tax reform. Without knowing for sure how new laws will affect them, entrepreneurs are often left guessing about how to file for their company. And if they don’t have an accounting professional advising them, the average...
Taxes
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5 Proven Strategies to Cut Your Small Business Taxes

If you are a small business owner, I can guarantee you are paying too much in taxes. How do I know? Because over the last 20 years, we have helped tens of thousands of hard-working business owners cut their taxes by up to 40 percent. Time and time again we see entrepreneurs just like you...
freelance
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Work Smarter and Streamline Your Freelance Business with Apps

As the owner of a freelance videography company called Foster Creative, I’m a videographer, graphic designer, motion graphic animator and entrepreneur all in one. Having recently moved from the plains of Nebraska to the mountains of Colorado to expand my business’ creative services where I grew up, I also realized how much I needed to...
Tax refund
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4 High-Impact Business Investments You Can Make With Your Tax Refund

Very soon, more than 80 percent of the 50 million Americans who filed federal taxes will receive their average tax refund of just over $3,000. Many view this as an opportunity to splurge. If you run a startup, you might want to think about making your business the recipient of your tax time largesse. Consider using...
post-tax season
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A Post-Tax Season To-Do List for Small Business Owners

We’re all familiar with the tax season hustle – getting all of your paperwork in order, scheduling appointments with your tax guy or gal, and praying you don't owe an arm and a leg to the IRS. This is a pressing time for small business owners, especially those that tend to be less organized all...
Tax Dates
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April Tax Dates Small Businesses Need to Know About

Hello, April! After covering January, February and March, it’s time for the fourth (and final) installment in our series on tax dates small businesses need to know about. April is a huge month for tax dates, with the standout date being April 18 as the income tax deadline for both individuals and corporations. We’ll also look...
Tax season
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Take the Stress Out of Getting Your Startup Ready for Tax Season

As a small business owner, you probably don’t get excited about tax season. At best, prepping your taxes feels like a hassle, the least fun of all your business activities. At worst, it has you pulling your hair out in a state of distress and confusion. Tax season doesn’t have to be painful. With the...
March tax dates
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4 March Tax Dates Small Businesses Need to Know About

It’s officially March, which means that it’s time for part three of our important tax dates for small business series! After covering tax dates that matter in January and February, we ended on a cliffhanger teasing a mention of what was to come for March tax dates, including defining the difference between Form 1065 and...
February tax dates
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February Tax Dates Small Businesses Need to Know About

Last month, I shared a list of January tax dates that should be on the radar of small businesses. This month, we’re taking a look at February tax deadlines, and you’ll notice it is a pretty light month all around. There are only a few significant days that businesses need to be aware of. We’ve...
Trump tax plan
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What Does Trump Tax Plan Mean for Entrepreneurs?

The 45th President of the United States, Donald Trump, takes office today, and the U.S. will be undergoing a proposed new tax plan that comes with many changes to the landscape of tax codes. So what exactly does this Trump tax plan mean for entrepreneurs? According to the accounting firm UHY, President Trump's tax plan looks to...
Tax dates
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5 Important January Tax Dates Small Businesses Need to Know About

The new year means a fresh start for small business, as well as knowing that the 2017 tax season is fast approaching. For small business owners, however, most months come with their own set of tax payment due dates. While it’s easy to accidentally miss a deadline, it’s never fun to pay the penalties that...
Tax Season
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3 Tax Season Tips for Small Business Owners

Tax season can be daunting for anyone, but being a small business owner can add extra stress with the additional responsibility to complete personal taxes, while also preparing your business taxes. Small business owners are some of the busiest people out there, so when tax season rolls around, you'll need to be well-prepared to complete...
Business Vehicle
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Seven End-of-Year Tax Planning Strategies

How to improve your tax planning strategies As the year draws to a close, now is the time to strategize and look at possible tax planning ideas. It is an opportunity to save money this year and going forward by possibly postponing income, accelerating dedications to reduce taxes or do the future changes in the...
entity classification election
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Entity Classification Election for LLCs: Get the Lowdown

Entity Classification Election for LLCs In the world of business entity ownership, a limited liability company (or LLC for short) offers lots of options and flexibility to those who own such a company. A big choice LLC owners are able to make involves deciding how they want the IRS to treat their business entities from...
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Tax filing day is here – rejoice all ye small business owners!

I don't know, maybe it's because of the relief that comes over me once it's all done. Maybe it's because I've persevered & survived yet another tax season. But I've always felt like rejoicing once April 15 has come & gone – and this year April 15 is actually April 17. For an entrepreneur, filing...