What’s the best way to claim your business auto expenses on your tax return? It depends. The first year you put the vehicle in service, you have a choice between two methods. You can use the actual expenses method or… Read More
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The Difference Between an Independent Contractor and an Employee
Business owners may find it difficult to tell the difference between an independent contractor and an employee. Contrary to popular belief, the variations are actually quite significant; the IRS determines the guidelines, and following them is an important part… Read More
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New 1099 and W2 Filing Deadlines for 2017
Tax season can come with a lot of headaches for employers—creating W2s and 1099s for a roster of employees and independent contractors, keeping filing deadlines straight, and keeping track of your personal taxes. Thanks to changes in tax law, the… Read More
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Financial Goals to Strive For by the End of January 2017
It’s important to start your financial planning at the beginning of the year; organization is key when it comes to handling funds. And when you’ve got so much going on in January, it can be difficult to keep track of… Read More
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What Can Small Business Owners Do in January to Prepare for Tax Season?
The new year is finally here! January is a great time to focus on your personal goals for the upcoming year. You may be setting new year’s resolutions to stay healthy or save money. What about your business? As a… Read More