Browsing Tag
tax season
15 posts
3 Things You Should Talk to Your CPA About Ahead of Tax Season
Tax season is fast approaching, and you may be feeling the stress of filing or reeling from tax law surprises last year. As an entrepreneur, getting ahead of your taxes is essential not only to making this season smoother, but also in preparing you for the rest of 2020. The simple first step is booking...
6 Ways to Make Your Startup’s Tax Filing Season Easier
While there are individuals who instinctively understand the finer nuances of taxes (and as such plan year-round to make the process effortless and painless), many entrepreneurs will enter into March and April with utter dread, knowing tax season can be arduous and costly. Though taxes, particularly those for the 2020 fiscal year, are merely a...
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...
Navigating Your First Year of Filing Taxes as an Entrepreneur
If you’re planning to start up a new business this year, you’ll experience tax time as a business owner soon enough. The following tips will help you prepare well in advance. And if you started a business in 2018, you’re likely wrestling with your company’s first experience with taxes right now. As an entrepreneur, you...
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...
7 Reasons Why You Should Hire an Accountant for Your Startup
If you’re just starting out with your business, it’s understandable that you’d want to do as much of the work yourself as possible, rather than spending any of your hard-earned revenue on help. I was the same way when I launched my marketing firm in 2006. But since then, I’ve come to realize one valuable...
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...
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 holidays are over, tax season is right around the corner — and there are plenty of areas where a company...
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...
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...
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...
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 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...
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...
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...