Browsing Tag

startup taxes

13 posts
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How to Get Your Startup Tax-Ready (Before It’s Too Late)

For startup founders, tax season is easily the most dreaded time of year, and they’re not the only ones who think so. According to a study conducted by SCORE, a whopping 40 percent of business owners consider bookkeeping and tax preparation among the worst parts of being a small business owner. Not only does it...
tax forms
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6 Tax Forms That are Essential for New Businesses

Starting a new business can be one of the most exciting things you ever do. However, in order to make sure that your business realizes its full potential, you need to make sure that it maintains its financial health. And there is perhaps nothing more essential to a startup's financial well-being than making sure all...
tax laws
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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 planning on launching a new business this year, you might wonder how these new tax laws might affect the financing...
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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 accounting expertise to numerous books and other resources, including one called, “Banish Your Bookkeeping Nightmares: The Go-To Guide for the...
tax preparer
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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 be filed once the GOP tax reform comes into full effect. As well as aiming to make the process of...
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...
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Should You Change Your Sole Prop to a Corporation?

There are so many strategic business decisions you’ve got to make as a business owner, and you don’t always know which is the right one for your company. When you’re running a startup, it can be frustrating when you’re unsure of what to do for the benefit of your company. Related: Incorporate Your Business Through...
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...