The Families First Coronavirus Response Act is one of several acts passed in response to the COVID-19 crisis but the first bill to directly address the economic crisis and the challenges faced by individual taxpayers and businesses. While the first legislative response focused on emergency preparation and measures in response to the coronavirus, the new coronavirus aid package aims […]
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Quarantine Productivity: 7 Steps to Work-at-Home Success
Switching from working in an office or at your business to working from home can be a harsh adjustment for some. Many people have found themselves doing just that in recent weeks due to the spread of COVID-19 in the U.S. Do you find yourself suddenly working from home and wondering how you can stay […]
File or Extend: A Complete List of 2020 Tax Deadlines
Understanding your tax requirements as a small business owner or individual is tricky and challenging at the best of times. There are so many moving pieces and requirements – all due on different days – that it can be hard to keep it all straight! However, there are few things more important for the long-term […]
4 Accounting Tips for New Gig Economy Businesses
There are many terms for providing a service as a small business—gigs, contracting, freelancing, and the trade industry just to name a few. Many people just starting their businesses are enthusiastic to develop their product, but unaware of some simple accounting practices for small businesses. These tips can save both time and money when it comes […]
Don’t Miss Out on These 6 Tax Deductions for Solopreneurs
The bad news about being a solopreneur is you don’t have an accounting or bookkeeping department to track your expenses, income, and other financial details. You have to do it all yourself, even if you hire an accountant to do your tax prep at the end of the year. The good news is solopreneurship puts you in […]
Is Your Car a Small Business Tax Deduction?
There’s a lot to keep track of when you’re starting your small business. Sometimes half the battle is keeping track of your expenses so that you can write off business costs on your taxes. But have you ever considered that every mile you put on your car driving to and from client lunches, purchasing supplies, and dropping […]
Why Does My Small Business Need a Registered Agent?
Regardless of how large your business has grown, or if you’re just starting out, everyone needs a few talented human resources. A bookkeeper, someone familiar with taxes in your state, and a registered agent. What is a Registered Agent? A registered agent is an individual (or a company) that’s your official point of contact with […]
What’s the Difference Between an LLC and an LLP?
There’s only one letter difference, so how different can they be? When you’re deciding how to choose the right entity for your business, there are a few important acronyms to learn and differentiate. A Limited liability Company (LLC) is a legal entity under which you operate a business. With an LLC, you pick up the ownership share […]
Why Small Businesses Should Pay Attention to Quarterly Tax Payments
There are a lot of awesome things that go along with owning a business. For example, personal fulfillment, passion—and, of course, making money. But what goes hand in hand with making money? Paying taxes. Filing business taxes can be complex, daunting, and nerve wracking. After all, everyone makes mistakes. So if you own a small […]
Why Set Up a Bank Account for Your New Business?
Starting a new business can be exciting—and also daunting. There’s so much to think about right off the bat. What’s your niche? Are you opening a location, or all online? How will you structure your business? Beyond those initial steps of starting a business, there is another one that doesn’t always come to mind right away: […]
