5 Tax Saving Tips Most Small Businesses Don’t Follow

Taxes are one of the biggest burdens facing small businesses. According to the Small Business Administration, many small businesses pay effective tax rates near...

IRS Reveals 2017 Dirty Dozen Tax Scams

Each and every year, the Internal Revenue Service releases a list of the “dirty dozen” tax scams the agency recommends taxpayers be on the...

How to Take Advantage of the Section 179 Deduction

Small businesses have a friend at the IRS. This friend, known as the Section 179 deduction, allows small businesses, in many cases, to deduct...

Long-Term Debt on a Balance Sheet

What is Long-Term Debt on a Balance Sheet? The Long-Term Debt category appears as a long-term liability on a Balance Sheet. The balance represents the...

New IRS Filing Deadlines for Partnerships and C Corporations in 2017

The tax-filing deadlines for small business owners have traditionally remained the same for many years. More specifically, March 15 has been a longstanding date...

3 Vital Multi-State Tax Facts for SaaS Companies

Last week, we discussed various multi-state tax issues software companies often overlook. This week we look at another industry that often misses sales and use...

Don’t Make These 4 Common Tax Mistakes

As a business owner, one time of the year that you might not look forward to is tax time. After all, not only do...

When Should I Book Revenues?

It’s the end of one year and the beginning of the next. Small Business owners have some discretion as to when they book revenues...

Should I Use Form 1040, Form 1040A, or Form 1040EZ?

When you file a personal income tax return with the IRS by April 15, you have a choice of 3 basic tax forms to...

Valuation of Your Business for Tax Planning

Few business owners relish spending money on something they don’t need. And for most owners, hiring an expert to estimate the value of their...

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