How to Maintain a Sane Approach to Taxes

We all get stressed out around tax time. There are so many complicated, intertwined rules and regulations that it’s easy to get tripped up, especially when your focus is on building a business. here are 10 tips to maintain a sane approach to taxes.

Secrets and Tips to Avoid or Conquer an IRS Audit

If your reported income seems a little high or low, chances are you might hear a knock on your door from the Internal Revenue...

You Could Be Taxed on That “Non-Taxable” Employee Benefit

A benefit frequently offered to employees is discounts on products or services that the company sells. Under the Internal Revenue Code, all benefits provided...

Direct Selling Tax Deductions Save $

Direct selling tax deductions are one of the top advantages of working from home. Operating a direct selling business from home opens the door for...

Cash Method for Small Businesses

On July 10, 2014, the House Small Business Committee's Subcommittee on Economic Growth, Tax and Capital Access, held a hearing – Cash Accounting: A Simpler Method for Small Firms? Congressman Tom Rice opened the hearing noting that he is a former tax attorney and CPA.

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...

Does Crowdfunding Affect Your Taxes?

Over the past few years, crowdfunding – or crowdsourcing – has been a simple and effective alternative to loans, venture capital and conventional fundraising....

Estimated Tax Payments for Small Business Owners

As a small business owner, you follow a different set of tax rules than your employees. Making estimated tax payments throughout the year is required and should be handled in a way that's not particularly burdensome.

A Guide to Balance Sheets and Income Statements

When you own a small business, organization and good recordkeeping are two of the most powerful tools you have at your disposal. Keeping track...

Corporations: Changes for 2016

One of the most positive aspects of my job is to talk to people who come in with their start-up ideas. Whether those are...

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