Tax and Accounting

$1,500 Home Office Deduction Option: IRS Reminder

The IRS reminded people with home-based businesses that this year for the first time they can choose a new simplified option for claiming the deduction for business use of a home.

Business Licensing Tax Implications

Becoming a licensed business is an important step that every startup must take when it comes time to sell a product or service. Here are a few ways that obtaining a license will impact your business.

Benefits of an Accountant for Your Startup

While deciding against hiring a professional accountant saves money, people tend to be unaware of the many advantages that an accountant can provide to a start-up business. Below is a list of the benefits that come with hiring an accountant.

Are You Ready for the Upcoming IRS Business Tax Deadline?

On March 17, 2014, there is a significant business tax deadline that you can’t afford to miss. The deadline has been bumped up two days this year since the traditionally scheduled date falls on a Saturday.

Developing with Tax Incentives

There are numerous incentives and credits available, and taking time to learn more about these opportunities may be financially beneficial to you.

Cut Your Taxes Using Your Excess Inventory

Excess, nonmoving inventory is a common business problem that, fortunately, also contains its own solution. By donating that new, idle merchandise to charity, your business can earn a federal income tax deduction.

Don’t Count Out the Home Office Deduction

You may not know this, but you could have a home office on your hands and could be missing out on a major tax break if you ignore this deduction. So how do you know if you actually have a home office, and what can you do with it once you’ve established you have one?

The 3 Tax Tips Post Graduates Need to Know

For post grads in the workforce today, there seems to be one underlying factor consistent in everything you do: save money, make money, and be smart with your money.

2014 Tax Changes Small Business Owners Should Know About

While we can be certain that we’ll face taxes from time to time, that doesn’t mean that the rules will stay the same from year to year.Let’s take a look at a few of the changes that you may see when you do taxes this year.

When is Tax Form 1099-MISC Due to Contractors?

Everyone needs a little help now and then. If these people are not your employees, they are contractors and need to be given a 1099-MISC.

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