With tax season now upon us, it is important to spend some time getting yourself organized to make the process of filling out and filing your tax return as stress-free as possible. Hopefully, you have done a good job of staying organized throughout most of the last year, but even if you haven’t, here are …
Tips for Keeping Yourself Organized During Tax Season Read More »
The year is swiftly coming to a close. December is often crunch time for small businesses as they work to finalize a lot of their financial matters. It is important you get all of your financial affairs in order so everything is organized and ready to go come tax season. Here are a few year-end …
One of the biggest stories in politics this fall has been the Republican efforts to pass overhauls to the United States tax code. Both the House tax reform bill and its corresponding Senate draft have a number of different potential effects on employers and employees alike, including specific changes that could affect tax returns. Here …
How Proposed Tax Code Changes Could Affect Your Tax Return Read More »
Employers with tipped employees must fulfill certain obligations regarding payroll tax withholding, payment and reporting for any tips considered to be taxable compensation. First, it is important to determine what actually constitutes a “tip.” The legal definition of a tip is any payment a customer makes to a worker without compulsion. Customers have the sole …
Obligations Employers Have Regarding Payroll Taxes for Tipped Employees Read More »
If you are smart with your tax planning strategies, you will be able to save your small business a significant amount of money each year. Part of this is finding all of the deductions for which your business qualifies so you can maximize your savings. Most small business owners are aware of the deductions that …
Little-Known Tax Deductions for Small Businesses Read More »
Like many Americans, I loathe tax season. Collecting documents, filling out forms, sending money to Uncle Sam – it adds up to a process that I frankly don’t really enjoy. Still, it has to be done each year and the time to do so is nearly upon us. Here are a few steps to …
Five Simple Steps to Start Preparing for Tax Season Read More »
