Browsing Tag
tax deductions
13 posts
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...
5 Ways to Cut Business Expenses During COVID-19 to Remain Focused on Long-Term Growth
As entrepreneurs continue to navigate the uncertainty of COVID-19, many are focused on increasing sales; however, lowering expenses is equally as important when trying to achieve or maintain profitability. Now is the time to tighten...
What You Need to Know About Taxes for Your E-Commerce Side Hustle
E-commerce sales have been on the rise in the U.S. over the past couple of months due to the realities of the coronavirus pandemic. According to a new SpendingPulse report from Mastercard, U.S. online retail...
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...
Maximize Your Deductions: The Tax Advantages Every Entrepreneur Should Know About
Whether it’s your first year as a startup or you’re battle-worn after years in the trenches, you’ve learned to keep a close eye on your company’s bottom line. When tax season rolls around, it’s another...
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...
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...
Tax Deductions To Take Advantage of this Holiday Season
With the holiday season upon us, many company employees are looking forward to being able to kick back and have some fun at the annual holiday party. Yet the savvy entrepreneur knows that once the...
What You Need to Know About Taxes Before Starting a Business
Starting a business requires time and preparation, and preparing to meet tax obligations can affect many of the steps you must take when you open your business. In fact, you must deal with several items...
Prepping Your Business for the Upcoming Tax Season
Tax season is upon us. Owning and operating a business requires a lot of courage, determination and fearlessness. It also demands that you be ready for anything that comes across your path, including tax season....
Deducting Startup Costs in Your Small Business
Get ready for tax season by deducting startup costs Laying the foundation for a brand new business enterprise and then formally registering it are two costly ventures. However, don’t fret because there are some savings...
5 Commonly Missed Tax Deductions for Small Business Owners
Commonly Missed Tax Deductions If you put a price tag on the amount of money it costs to get a small business off the ground, the tag would probably be too small to fit all...
Are You Waving a Red Flag Outside Your Office?
An accountant can really help you figure out what tax deductions you qualify for, and mine has suggested a myriad of things I didn't know were deductible. I suggest if you don't have an accountant,...