Getting an early start to your taxes can help you minimize your tax burden, increase deductions, and avoid the end of the year scramble. Read more
When you start off as a team of one, handling every job to keep your business moving on your own is tough. Most owners dream of the day they can afford to bring on another set of arms and legs.
Hiring an employee is also a big step towards scaling your business and planning for growth. But, when you make the shift from a solopreneur to an employer, the game changes. Suddenly, owners find themselves delegating the day-to-day tasks of running their business in exchange for the internal tasks of managing the business. In the case of hiring, one of those tasks is payroll.
When you’ve made the transition from someone else’s employee to being your own boss, you gain the autonomy to create your own professional path. You get additional responsibilities, as well—including paying self-employment tax.
Self-employed individuals are required to not only directly submit the income tax they owe to the federal, state, and local governments, they must also remit self-employment tax to the IRS.
With the tax deadline quickly approaching make sure that you are aware of the deductions and credits that your small business qualifies for.
The hour will be dedicated to answering your tax-related questions and concerns and offer tax advice you can implement throughout the year. Read more
We asked business leaders and entrepreneurs what signals small businesses need to look for when deciding if they need a new revenue stream to offset losses.
Ready for the 2021 tax season? These tips will guide business owners filing small business taxes for tax year 2020 amid the COVID-19 pandemic.
How to select the business entity type for your small business.
The best way to reduce your risk of an audit is to keep thorough, accurate records and file on time. If you ever do get audited, follow these steps to get through the process... Read more