Every Business Tax Deadline You Need To Know
It may sound simple, but running a business involves doing and remembering so many things. One thing you cannot afford to overlook is the due dates and tax deadlines. If you generate some income, the IRS assumes that a tax return with their due share would be submitted one tax season or another. It is […]
End-of-Year Tax Moves Every Small Business Owner Should Know
Tax prep is part of being a well-oiled machine. After all, if you pay too much in tax you have less cash to invest in your business. A common mistake young entrepreneurs make is to be reactive with tax prep. It’s usually better to plan at the start of the year rather than the end. […]
Understanding Depreciation and Its Effect on Your Business Taxes
Most likely, a small business owner will make use of all possible tax breaks. Still, did you know that you may enjoy a deduction on account of the loss of value in your assets, and it passes most people by? The word “depreciation” sounds bad. In short, the word means that something you have gradually […]
Outsourcing vs. In-House Accounting: Which Is Right for You?
Small and medium-sized businesses are often faced with the choice of bookkeeping and accounting, which come along with growth. “Should we hire a controller or do it ourselves?” Another option often not explored often is outsourced accounting services. It was not common ten years ago to outsource accounting, but today, small businesses are increasingly using […]
Top Accounting Certifications to Enhance Your Career
“An investment in knowledge pays the best interest.” – Benjamin Franklin If you are considering a career in finance or accounting, you might be thinking about accounting certificates. But it’s important to ask this question, do they pay off, and most importantly how do they relate to your career objectives?While not necessarily a requirement, certificates […]
Business Mileage Deduction 101
Going far to meet clients and vendors can be a lot of work, and the car miles add up fast as does the cost. When you see the empty tank in your car, the frustration starts to fill in your head. But, there’s some good news here; you can deduct car mileage for tax purposes […]
