Immediate Effects of Trump’s Tax Plan
With the President signing the Tax Cuts and Jobs Act late last year, you may be wondering what immediate effects this law will have on you. Although some of the details of the law are…
5 Tax-Time Resources for Small Business Owners
When you own a company, you gain more insight into the tax process than you probably ever cared to. Not only are you responsible for paying taxes on your own income, depending on your business…
Avoiding Cash Flow Problems
Poor cash flow can affect much more than the financial performance of your business. The non-financial costs of poor cash flow can have just as negative an impact on your business as the financial costs….
Accounting: What Kind of Bean Counter Do You Need?
Accountants are trained, certified and usually quite experienced in financial analysis, both creating and reviewing data. Bookkeepers are often trained on the job although sometimes more formally and handle the physical work of accounting for…
How to Prepare for Tax Season in the Current Climate
The new Tax Cuts and Jobs Act has substantially reformed the tax code moving forward. Because it was made effective immediately, the new law has businesses and individual taxpayers scrambling to understand all the law’s implications. The…
How to File Taxes as a Self-Employed Sole Proprietor
The most common form of small business ownership, a sole proprietor (sole proprietorship if you’re being formal) is an “unincorporated business” where the owner literally owns the entire business. As such, for tax reasons, the…
Can Business Failure Damage Your Personal Finances?
This is a question often asked by entrepreneurs, and the short answer is maybe. The longer answer is that it depends on your circumstances and the type of finance you take out. If you’re a…
If You Own a Small Business, Don’t Miss These 5 Key Tax Tips
Tax season is drawing near, which means headaches and stress for small business owners looking to save every penny they can. Combine the normal stress with new headaches surrounding the tax bill recently passed by…
New Tax Law Gives Pass-Through Businesses a Valuable Deduction
Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs…
How and When to Use Short-Term Business Loans
Almost every small business needs to borrow at one time or another. However, not all loans are created equal—and some types of finance are more appropriate in particular circumstances. So, what is the best guidance…
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