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Tax and Accounting
What to Do If You Can’t Pay Your Small Business’s Tax Bill
Tax season can be a very frightening time of the year for a small business owner. Technically, anyone who expects to owe more than $1,000 to the IRS in taxes is supposed to send in quarterly estimated tax payments, but for new startups especially it can be difficult to gather up the full amount due to pay.
10 Tax Tips for Work-at-Homers
When you file taxes as a solo business owner, things are more complicated than those days when you may have a received a W2 from a single employer. However, you’ve also got plenty of opportunities to trim your tax bill.
$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.
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