2 min read
6 Essential Tips for Small Business Payroll Tax Compliance
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships, and even legal...
Accounting and payroll resources for small business owners.
Easily filter through articles and find what you want to learn below.
2 min read
Staying compliant with payroll tax laws is crucial for small businesses. Mistakes can lead to fines, strained employee relationships, and even legal...
3 min read
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
7 min read
Accounting is an essential part of running a business, but for many small business owners, it can quickly become overwhelming. What starts as a...
5 min read
Running a small business is exciting—but let's be honest, tax season is not.
4 min read
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners...
5 min read
If you're involved in a business or investment venture with one or more co-owners, you may have an unintended partnership for federal income tax...
2 min read
Businesses in certain industries employ service workers who receive tips as a large part of their compensation. These businesses include restaurants,...
1 min read
Small business owners and independent contractors always look for ways to save time. If you run your own business (or want to start one), having a...
2 min read
Every year, the amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. This chart...
2 min read
When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and...
5 min read
The Republicans will soon control the White House and both chambers of Congress, likely opening the door for major tax legislation next year. Here...
5 min read
With year-end rapidly approaching, many business owners are focusing on budgeting and strategic planning for 2025. But you shouldn't overlook...
4 min read
The Republicans will soon control all three branches of the federal government. What does that mean for taxes on individuals? Here's an overview of...
3 min read
When businesses acquire real estate, they often title it under the company name. Although this might seem straightforward and logical, it's not...
3 min read
As a business owner, you may travel to visit customers, attend conferences, check on vendors, and for other purposes. Understanding which travel...
4 min read
Even successful businesses occasionally incur losses. Start-ups and expanding businesses often have unprofitable years, and unexpected events like...
2 min read
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit...
2 min read
Choosing the right business entity is a key decision for any business. The entity you pick can affect your tax bill, personal liability, and other...
1 min read
Here are some key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this list isn't...
3 min read
Employers in restaurants, hotels, casinos, and other service industries must comply with the tax rules associated with tips. To assist them, the IRS...
3 min read
Real estate can be an attractive long-term investment. However, the legal entity you select to own property can have important tax implications....
2 min read
529 Accounts are not Just for College It's still summer, but it won't be long until school bells will be ringing again. If you've set up Section 529...
2 min read
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...
7 min read
Summer is a good time to reflect on tax planning moves that could lower this year's tax bill. It appears there won't be any significant federal tax...
3 min read
There's been a significant increase in new business applications in recent years. Finance company NerdWallet estimates that 2.8 million new business...
6 min read
Summer is a good time to take stock of how your small business is doing this year and consider options for reducing your 2024 federal income tax...
2 min read
You should understand the tax implications if you’re selling property used in your trade or business. Many complex rules can potentially apply. To...
5 min read
If you're financially successful or expect to become so, taxes are or will become one of your biggest expenses — and most people want to minimize...
2 min read
Running a restaurant can be challenging, to say the least. Handling finances while managing day-to-day operations can be overwhelming. That’s why...
2 min read
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
1 min read
You may have to make estimated tax payments if you earn income that's not subject to withholding, such as income from self-employment, interest,...