Does Your Business Need a Tax Attorney?

In today’s complex business environment, tax regulations can be a scary prospect for any enterprise. It doesn’t matter whether you’re a startup or a well-established organization. With the complexity of tax codes it’s no wonder many businesses seek professional assistance like tax attorneys. The question is, what do they do and does your business need…

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Startup 101: The Importance of Tax Planning

Whether you are a sole proprietor, or own a small business, tax planning can and will save you time, money, and many headaches leading up to the deadline. Sound tax planning ensures that all deductions can be properly made, all credits can be claimed, and ultimately substantial amounts of money can be kept in the…

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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…

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9 Top Tax-Saving Strategies for Your Business

As a business owner, you know first-hand that taxes can take a big chunk out of your pocket. No matter how small your business is or how large you grow, you’ll always be on the hook for some kind of taxes. However, the tax code is such that there is always room for strategic tax…

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How Cutting SALT Deductions Affects Your Taxes

As part of the new Tax Cuts and Jobs Act, Congress placed a $10,000 limit on deductions for state and local taxes, commonly called SALT. If you typically pay less SALT than that, then no problem, right? Many taxpayers in states with high income taxes, though, don’t see it that way. They feel the regulation…

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Tax Planning for Pass-Through Business Entities After Tax Reform

Tax planning under the TCJA for pass through entities is a post for small business owners everywhere paying US income taxes. Now that the Tax Cuts and Jobs Act (TCJA) is in full swing, many of you have been clamoring for tax planning strategies. This post addresses some essential aspects of the Act and suggest some strategic…

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Tax Planning for Gig Economy Workers: Everything You Need to Know

Whether you’re an Uber driver or a financial consultant, a private fitness trainer or a freelance graphics designer, you’re part of the expanding gig economy. As a self-employed person, you essentially have your own business. With that comes the responsibility of paying taxes. Here’s everything in a nutshell you need to know about tax planning…

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Is Your Business Ready for the Next Tax Season?

It feels like tax season is always just around the next corner. And that’s why you should make a point, particularly if you own a business, to always have everything ready and organize so the process of taxes can go as smoothly and efficiently as possible. There are all sorts of things that you can…

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Self-Employed? 5 Easy Ways to Lower Your Tax Bill

If you’re like most small business owners, you’re always looking for ways to lower your taxable income. Here are five ways to do just that. 1. Deducting the Cost of a Home Computer If you purchased a computer and use it for work-related purposes, you can take advantage of the Section 179 expense election, which…

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