Filed a Tax Extension? Do These 5 Things Before the October Deadline

Some of us just need to buy a little extra time when handling our IRS tax obligations each year. If you are part of...

An Expert Guide to US Payroll Taxes

U.S. Payroll Taxes — The Taxes No One Expects...  While everyone is well aware of the impact of business income taxes, the sleeping giant of...

Spot Quiz: What Percent of Small Business Owners Manage Cash Flow?

I'll tell you what taught me to watch cash flow, always, and very carefully: the lack of it. It wasn't two years at business school; it was a growth spurt (sales doubled) that sucked up all the cash and left me looking for a second and third mortgage to keep the business going. That's something you don't forget.

Freelancer? Avoid These “7 Deadly Sins” at Tax Time

In separate reports, Zen99 and the consumer finance website nerdwallet ranked Los Angeles the best city for freelancers. In 2012, 12% of people in Los Angeles reported themselves as self-employed.

What is Depreciation and How Does It Affect My Taxes?

You’ve likely heard the terms depreciate and depreciation when it comes to tax matters. But do you really understand the basics of these concepts and how they apply...

Facebook’s Zuckerberg Takes $1 Salary to Reduce IRS Taxes

Can you imagine earning a paycheck of just $1 each year while living a comfortable lifestyle? Facebook CEO Mark Zuckerberg and head honchos at other giant corporations around the world can. And they are taking just a buck per year for good reason—to help their efforts in reducing taxes.

5 Tax Issues That Cause IRS Trouble for 1099 Workers

Are you a freelancer or independent contractor who receives a Form 1099 instead of a W-2 form at the end of the year? If so, then you should be aware of the five tax issues that are the most likely to cause IRS trouble for anyone subject to 1099 reporting of wages or income.

How to Value a Company

Debra S. just bought Accounting for the Numberphobic; A Survival Guide for Small Business Owners and here's what she wrote:

2017 Tax Law Changes That Could Affect You

After “Auld Lang Syne” plays to usher in a new calendar year, you can always bet on the government and the Internal Revenue Service...

What to Do If You Can’t Pay Your Small Business’s Tax Bill

Tax season can be a very frightening time of the year for a small business owner. Technically, anyone who expects to owe more than $1,000 to the IRS in taxes is supposed to send in quarterly estimated tax payments, but for new startups especially it can be difficult to gather up the full amount due to pay.

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