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Tax and Accounting
Starting a Business? 5 Things You Must Know
Starting a new business is an exciting, but busy time with so much to be done and so little time to do it in. And, if you expect to have employees, there are a variety of federal and state forms and applications that will need to be completed to get your business up and running
What Types of Business Entertainment Events are Deductible?
The good news is that Uncle Sam and the IRS allow small business owners to deduct 50% of meals and entertainment events in which they partake. But some type of business must be conducted before, during, or after these events in order to qualify for this popular – yet often improperly claimed – tax write-off.
Do’s and Don’ts of Employee Reimbursement
Expense reimbursement is a necessary part of business for many employees and finance managers. To make this aspect of business a little more pain-free, we’ve compiled a list of do’s and don’ts for employee reimbursement
6 Essential Financial Tips for Small Business Owners
It is universally agreed that doing taxes is everybody’s nightmare, particularly for small business owners. While average people don’t have to worry about them until the next year, small business owners usually have to make tax filing on a quarterly basis.
6 Tips for Taxpayers Starting a New Business
Anyone starting a new business should be aware of his or her federal tax responsibilities. Here are several things you should know if you plan on opening a new business this year.
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:
I’m Crowdfunding: Is It Taxable?
Crowdfunding through Internet sites such as gofundme.com and kickstarter.com have become convenient and often successful vehicles for fundraising.
Writing Off Your Startup Expenses
Business owners—especially those operating small businesses—may be helped by a tax law allowing them to deduct up to $5,000 of the startup expenses in the first year of the business’s operation.
How Can Your IRS Tax Refund Benefit Your Small Business?
If you filed your taxes with the IRS on time this year and were due back money in the form of a tax refund, there’s a good chance you have received that refund check by now—either via direct-deposit or in your mailbox.
Nonprofit is Not the Same as Tax-Exempt
If an organization receives nonprofit status from the state upon its organization, it must take another step if it wishes to have the ability to accept tax-deductible contributions from potential donors.