Taxes Archives

Protect Your Family & Your Business with the Right Legal Entity

By 1800Accountant | Jul 12, 2013

It’s common to think, “I’ll wait until we grow some before I spend the money to form a corporation or LLC.” But delay in selecting the right legal entity when starting a small business can wind up costing a lot of money in higher taxes, as well as creating a potential legal disaster for the entrepreneur’s family.

7 Money-Saving Tips for Small Business

By Megan Totka | Jul 11, 2013

Money is one of the main ingredients in the recipe for success (or failure) of a small business. A necessary step in creating a budget you can stick to is finding the best ways to save money. You’ll be surprised to learn how simple some of these tips are to implement.

Start Now to Save on Small Business Tax Preparation for 2014

By 1800Accountant | Jun 19, 2013

Although it seems that tax season just ended, it is important to prepare for the future. Tax preparation is something every business owner should constantly keep in mind, and the 2014 tax season will approach quickly.

The Basics of Partnerships

By Buffie Edick | Jun 19, 2013

Partnerships consist of an association of two or more persons who assume co-ownership of a business for profit. While partnerships are relatively easy to set-up, there are some basic tips that if followed can lead to a long-lasting and rewarding partnership.

Don’t Miss These Small Business Tax Deductions

By Rick Gossett | Jun 13, 2013

For any small business, it is critical to be aware of available tax deductions in order maximize profit. Surprisingly, many businesses fail to realize some of the deductions that apply to their business. Here is a list of tax deductions shared by the US Small Business Administration that you should be aware of as a small business owner.

Lower Your Business Taxes with an LLC, or Too Good to be True?

By Bill Wortman | Jun 13, 2013

Many entrepreneurs decide to form an LLC in order to protect their personal assets from seizure by a bank or lender, but there are several tax advantages that incentivize LLC formation as well.

Estimated Tax Payments for Small Business Owners

By Bill Wortman | Jun 13, 2013

As a small business owner, you follow a different set of tax rules than your employees. Making estimated tax payments throughout the year is required and should be handled in a way that’s not particularly burdensome.

Businesses Should Prepare for Internet Tax Law

By 1800Accountant | Jun 6, 2013

The U.S. Senate has passed the Marketplace Fairness Act of 2013, and it is currently under consideration in the House of Representatives. Most analysts feel confident that some version of the law will pass although it isn’t yet clear what changes might be made.

5 Essential Components When Planning a Startup Business

By Tyler Tafelsky | Jun 3, 2013

If you’ve been thinking about pursuing your very own startup business, there are a few considerations that you’ll want to keep top of mind. Although these components are not the most exciting aspects of planning a startup, they are essential to ensure the future success and sustainability of your business.

3 Key Startup Jobs to Outsource

By YEC | May 10, 2013

If you’re running an early-stage startup, chances are there are some knowledge gaps in your core team. You may be strong on the technical side or a product whiz, but what about financial strategy, administration, HR? Are you prepared to manage the day-to-day of your startup, from recruiting new talent to bookkeeping to financial planning?