Apr 30, 2025
Running a small business keeps you busy year-round. But if you want to avoid surprises at tax time, it’s smart to take a break mid-year and assess your tax situation. A mid-year tax check can help you adjust strategies, maximize deductions, and stay on top of...
Mar 2, 2025
As an entrepreneur, staying on top of your finances is crucial—not just for managing cash flow but also for ensuring a smooth tax season. The last thing you want is to be scrambling for receipts or correcting errors in your financial records when tax deadlines...
Feb 1, 2025
Staying informed about upcoming tax law changes is essential for entrepreneurs to effectively plan and manage their businesses. Even small adjustments in tax regulations can impact your cash flow, deductions, and overall financial strategy. Tax Law Changes Here are...
Jan 24, 2025
Form 1099-NEC (Nonemployee Compensation) is vital in business accounting and tax compliance. Introduced by the IRS to separate nonemployee compensation from other types of income, this form ensures accurate reporting of payments made to independent contractors....
Nov 24, 2024
Managing finances and navigating tax complexities can be overwhelming for small business owners. Understanding your business tax deductions and leveraging effective strategies is essential to reduce your tax liability and optimize your financial position. Here’s what...
Oct 31, 2024
Section 199A of the Internal Revenue Code allows certain business owners, including those with sole proprietorships, partnerships, S corporations, LLCs, and some trusts and estates, to claim a deduction of up to 20% on income from a qualified trade or business,...
