Are you self-employed? Do you really know what you are doing when it comes to handling the income and expenses associated with your business? Tax laws can be very hard to follow making tax time treacherous. Do you know if you can claim home office expenses as a deduction on your taxes? What does it take to qualify for home office deductions? You may be surprised at what you can actually write off. My site will answer all of your questions about self-employment and taxes. Hopefully, the information included can assist you in reducing your tax bill and avoiding the dreaded audit.
Posted on: 21 July 2016
Running a business can be very hard because there are so many things to take care of just to keep the business running. One of the most important parts of running a business is paying your employees on time and the right amount. Using a payroll company to help with this aspect of running a business will allow you to focus your attention on other areas of the business that need your attention. [Read More]
Posted on: 1 June 2016
Studies show that some of the primary reasons that businesses tend to fail is because they fail to plan financially, such as with liquidity problems and insufficient cash flow. In some cases, this may be due to the fact that these businesses didn't have an accountant. An accountant can prove to be a significant asset to new and old companies alike. So, if you're starting a company, here are three reasons you need to consider hiring an accountant: [Read More]
Posted on: 28 July 2015
As you grow your small business and your profits increase, so will your tax liabilities. If you aren't experienced in dealing with business taxes in general, you may not understand the various avenues available to you as an entrepreneur to capitalize on those profits while still minimizing your tax bill at the end of the tax cycle. Working with a CPA is often the best way to identify savings opportunities, but there are some tried-and-true options to consider. [Read More]
Posted on: 7 July 2015
Taxes. They're one of the only things in life that are certain. While nobody really enjoys the process of filing taxes (except maybe the people who are paid to do it), learning about and taking advantage of the deductions available to you can make the end result a little better. Many people often--and unknowingly--pay much more than they need to. When you begin your tax preparation, take some time to get informed, and make the process a little better by knowing you're getting everything you deserve. [Read More]