Posts

  • How to Take Advantage of Tax Planning Options

    Tax planning is a process where you try to minimize what you pay and maximize the available long-term benefits. It requires a solid understanding of how the system works, and it's wise to ask a tax planning services professional for guidance. Here are four ways you may be able to take advantage of some options. Fully Funding Retirement Accounts A traditional 401k plan is the standard vehicle for gaining tax preference later in life. [Read More]

  • Need A Better Tax Preparation Experience? 3 Business Changing Tips

    Americans deal with complicated tax laws. In fact, some recent estimates suggest that it might take as long as eight full weeks to read through the nation's current tax code. For small business owners who are working to stay profitable in today's pandemic environment, there is little time available to stay abreast of changing tax laws and the ways in which their small business venture might be impacted by them.  [Read More]

  • 3 Ways Owner-Operator Truckers Can Take Control Of Their Taxes

    Filing taxes is always more complicated for self-employed individuals, and navigating complex tax forms can be particularly difficult for owner-operator truckers. Truckers who operate their own businesses and vehicles can take advantage of unique allowances and write-offs, but they are also responsible for operating permits, heavy vehicle taxes, and other, potentially expensive tax obligations. Failing to keep on top of these various nuances can leave owner-operator truckers with crippling tax bills. [Read More]

  • 3 Times That Gift-Giving Can Run Afoul Of Income Taxation

    Gift-giving makes both the giver and the receiver happy. But anyone giving or getting gifts also needs to avoid unexpected consequences — especially with their taxes. When does gift-giving run the risk of being a taxable event? Here are three of the most common situations. 1. When the Gift Is Large Gifts of large monetary value can run afoul of the gift tax laws. Few Americans understand how the gift tax works in U. [Read More]

  • Top Things That A Business Accounting Service Can Help With

    If you run your own business but do not work with a business accounting service, then chances are good that you are making a mistake. After all, there are all sorts of things that a business accounting service can help you with. All you have to do is find a good business accounting service so that you can get help with the things below and more. Handling Payroll If you have one or more employees working for your business, then you have to worry about handling payroll in the right way. [Read More]

  • Quickbooks Can Save Your Small Business Money

    The size of a business does not matter — proper accounting management is an essential element of a business. As a small business, however, the task of staying on top of your accounting needs can sometimes be a challenge, as there is a lot to learn. QuickBooks service can help with the process, and help you avoid a potentially costly mistake as you navigate your expanding business.  Streamlined Invoicing It is highly likely that your business sends out invoices to receive payment, but there are a couple of issues that can cause problems. [Read More]

  • How To Keep Business Running With A Cash Flow Projection

    Do you forecast your cash flow needs? Most small businesses struggle with cash flow — not just earning enough in the long term to make a profit, but actually having enough cash on hand to pay bills as they arrive. If you find yourself in this situation on a regular basis, a cash flow projection can help. Here's how you and your bookkeeper can create one.   1. Enter Invoices Early [Read More]

  • Self-Employed? 5 Times to Independently Review Income Tax Returns

    When you are self-employed, you juggle many different tasks. Income tax filings are one of the many — but also often one of the least welcomed. So few people would want to revisit their income tax filings a second time. However, it can be a good idea in a few circumstances. What are some of these? And why? Here are five of the most important.  1. When You Lack Confidence in Your Accountant [Read More]

  • 5 Ways A Business Accountant Can Help Your Company Grow

    No matter what kind of business you run, it's important to keep your financial matters in order. Many businesses struggle with doing this, so they hire a business accountant to take over certain matters. This can free up time and allow them to focus on other business needs. If you're not currently using a business accountant, it may be time to think about hiring one. They can help you grow your company. [Read More]

  • 5 Tips To Make Tax Season Less Stressful

    No one likes paying tax or filing taxes, but it's something that needs to be done. You want to make sure that you always stay on top of your taxes so that you don't face expensive fines and get more and more in tax debt. There are some things that you can do to make tax season a lot easier and to feel less stress. Keep reading for some helpful tips that can make tax season less stressful: [Read More]