Browsing Tag

tax preparation

10 posts
tax mistakes
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5 Mistakes to Avoid When Filing Your Taxes

The process of filing taxes may be intimidating and difficult, and if you're not cautious, you might make a mistake that costs you. Every year, it's the little things that cause taxpayers to pay more than they should. 5 tax mistakes people frequently make and how to avoid them Filing your taxes late You don't...
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3 Bite-Sized Goals You Can Set (and Achieve) in January

If there’s one thing entrepreneurs love doing, it’s setting goals for their small business. This list is often long and detailed at the start of the year. After all, a new year means new business! However, a few weeks back into the grind can have even those with the strongest work ethics struggling to readjust...
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When Should Startups Outsource Their Accounting?

Entrepreneurs often juggle many responsibilities, including keeping track of their finances. Startup or not, nearly half of small businesses don't employ an accountant or a bookkeeper. At some point, however, it may be more productive for an entrepreneur to outsource their accounting and free up their time to focus on running their business. At what...
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...
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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 money was paid. The 1099 tells the IRS that money was paid, making it important for recording both income and...
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 season
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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. Tackle the tax season like a true CEO as we take you through the tips necessary for staying on the...
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...