Hiring employees is an exciting milestone for small and growing businesses. But managing withholding and payroll taxes takes time and expertise you don’t have. Withholding and remitting federal, state and local income taxes, Social Security and...
Happy 2017! We’re firm believers in never too early, never too prepared for the 2017 tax season. And January is the prime time to start. In addition to getting back to the gym regularly, make getting your taxes in order (and filing early!) a resolu...
As a small business owner, you’re probably looking for ways to end 2016 successfully, for the best tax season possible. Time is closing in on opportunities like deductions, but many of the tips below can help you throughout the year. EOY Tax Moves ...
Miscellaneous can mean pretty much anything, right? Well you don’t use Form 1099-MISC for reporting any and every income necessarily. So it creates confusion for taxpayers. Read below to gain some clarity on the form, and how to use it come tax...
You might still be prospering from the tax refund you pocketed from filing in April, but looking towards next year now can help you reap more rewards. Go through this checklist to ensure you’re on track for a successful April 2017. Gather Documents...
The squeeze you feel on your wallet might tighten if you’re suddenly hit with a tax bill. Simply put, there are those who just can’t pay. Fortunately, you have a few options. Read below to find the best for your financial situation. If you can af...
As a business owner, you are required to make friends with employment taxes – that means reporting and depositing them on a quarterly basis with Form 941, and a yearly basis with Form 944. Both forms include federal income tax withheld from you...
Your business’s bookkeeping is essential to maintaining a well-oiled machine with a sound financial engine. Being a little laissez faire with organization, recording, and tracking of your financials not only mean that you’re unaware of your profi...