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After 11 consecutive months of hard work and perseverance to get his business up and running, the owner finally reached his breaking point.  If you’ve experienced this yourself, you can probably remember the same feeling. At some point along their entrepreneurial journey, every founder will eventually reach this crucial moment in their life, one where...

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Because paying taxes is an important responsibility for any business, it’s critical that you understand when your taxes are due.  Yesterday, we took a look at the important tax/ payroll deadlines in March, and if you haven’t checked it out, we highly suggest you do so here: Important Tax Deadlines for Business Owners March 2022. ...

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Being self-employed has many advantages, everyone else sees that you get to set your own hours, be your own boss, and price your own products/services. But what may seem like the “ideal” and “perfect” situation to others are actually their own disadvantages. The responsibilities hidden between the lines of these so-called “perks” are enough to...

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After the end of each year, business owners are required to prepare 1099 forms to report payments to non-employees and others. While it’s normal to make a mistake on a 1099 form, it’s imperative to correct it for both the Internal Revenue Service and the payee.  Today, we’re going to give an overview of 1099...

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Most people associate the start of a new year with inspired resolutions and improved goals; to business owners, the new year welcomes the first quarter, new opportunity, and most importantly: tax filing deadlines.  The IRS requires different forms, rates, and filing dates depending on the official business entity of your company; furthermore, if you fail...

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There are numerous doubts, fears, and questions that go into starting and running a business.  However, within this realm of uncertainty you know one thing will always be certain: you will have to pay business taxes. If you have ever seen the consequential effects of not keeping tax compliant, you understand how critical it is...

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If you own or manage a small business, you know running it requires a great deal of time and money. A simple way to boost your profits is to make sure you are taking all the deductions you are entitled to on your tax return. This can lower your taxable income while enabling you to...

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As the end of the year rolls around and you prepare for 2022, it’s critical that you stay up to date on all applicable laws and regulations. From tax filing, taxability, to finalizing 2021 payroll activities and setting compensation/benefits for next year, there is a lot to consider when closing out the year.  Even if...