self employment and taxes - what do you do?

Posted on: 20 July 2021

Paying employees every couple of weeks or each month is known as payroll. It's something every small business owner has to manage if it wants to keep its doors open. The following payroll tips in particular will help your small business avoid complicated issues and future headaches. Keep Employees in the Loop About Their Own Payroll Regardless of what your business is, you want to always keep employees in the loop about their payroll. [Read More]

Posted on: 26 April 2021

Home contractors deal with a lot of information when working with clients on various projects. That might include financial details in a contract and particular figures for a pending home repair. You can better keep track of this information using home service software. If you get the right program, these are just some of the things you can expect. Keep People Within Your Company Connected You may own a home contracting business, and that might entail employing a lot of other professionals. [Read More]

Posted on: 19 February 2021

There are many tax obligations for businesses across the board. One of them is filing the annual income tax return. Filing income tax is not smooth sailing, whether you are a startup or a well-established organization. Without proper knowledge and experience, you can easily make grievous and costly errors during the tax preparation processes. Some of the common mistakes that business owners make include keeping wrong records of their expenses and incomes, filing their income tax returns late, and underpaying their estimated annual taxes. [Read More]

Posted on: 25 November 2020

Are you forming a partnership with others to start a business? A partnership offers a great opportunity to be your own boss while still sharing the load with others who bring their own talents to the table. But your income tax reporting obligations will change, and much more of the burden will be on you as an individual and your business. What can you expect regarding how and when to report your income for taxation and how your partnership will affect your personal taxes? [Read More]