Tax and Accounting
Online Sales Tax and SaaS Companies: What You Need to Know
Although the Wayfair online sales tax ruling doesn’t relate specifically to SaaS, states are enacting laws that make it easier to create nexus, which means all companies—including SaaS—need to be more diligent in determining whether they’re subject to taxes in…
Self-Employment: A Beginner’s Tax Guide
Self-employed individuals have a unique set of tax circumstances, ones very different from those of employees. If you are starting your own business or are otherwise self-employed, there are a number of tax provisions you…
The Sale of Business or Investment Property: Several Ways to Defer the Tax on Gains
When a sale of a business or investment property results in a gain, the seller is typically taxed on that gain during the year of the sale, even when the gain was generated over many…
Looking for a VAT Tool? Here’s What You Need to Know
As your business grows, it may be difficult to keep track of taxes and fiscal requirements. It may cost you a lot if you don’t do them well. However, if you do business in a…
Don’t Forget These 4 Essentials for Efficient Cash Flow Forecasting
A businesses cash flow forecast can help businesses to predict the profitability of the business to help pay for outgoings and plan for the future. It’s a vital financial tool that can help to understand…
Business Deductions for Meal, Vehicle, and Travel Expenses: Document, Document, Document!
Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. An Important Requirement Subject to various rules and…
Understanding What a Bookkeeper Does
If you own or manage a small business, you may worry so much about certain financial issues that you have trouble sleeping at night. Some of these issues might include lost receipts, not getting paid…
A Guide to the Wayfair Tax
In June 2018, the U.S. Supreme Court ruled on a case that will affect many online retailers across the nation. Previously, states were prevented from requiring that online and other remote sellers collect sales tax…
What the New Tax Law Could Mean for Your Earnings
Signed into law last December (2017), the new Tax Cuts and Jobs Act made wholesale changes to the tax code. While you may be aware of many of these changes, you may not realize the…
Taxation of Corporations: C Corporation and S Corporation
There are generally two ways corporations may be taxed under the federal rules. By default, a corporation is taxed under Subchapter C of the Internal Revenue Code. However, a corporation may instead elect to be…
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