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As a small business employer, you are responsible for distributing IRS Form W-2 in the new year so your employees can begin to file their federal and state taxes. Unfortunately, Form W-2 can be quite confusing. Luckily, we have a… Read More
Posts Tagged ‘tax information’
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4 Small Business Tax Return Myths
The end of the year will be here soon and with it the end of the 2019 tax year. Although taxes are not due until April 2020, as a small business owner, you may be preparing your files and documents… Read More
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What Are Allowable Small Business Expenses?
As a small-business owner, you are probably on a tight budget despite the many expenses that continually pile-up. Fortunately, many of your business expenses are tax-deductible. If you are wondering what qualifies as a tax-deductible business expense, don’t wait until… Read More
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Understanding the Types of Business Structures
One of the first decisions you will make as a small business owner is your choice of business structure. How you decide to label your business will affect your day-to-day business operations, how much you pay in taxes, and the… Read More
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What Double Taxation Is And How to Avoid It
If you designate your business as a corporation, you should know about double taxation. Corporations and their shareholders are different than other business structures, which makes them subject to double taxation. Read on to discover precisely what double taxation is,… Read More
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Should I Form an LLC or a Coorporation?
Starting your own business can be a daunting task. And one of the first decisions you’ll have to make is deciding whether or not you should form an LLC or a corporation. When you incorporate or become an LLC, you… Read More
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Should You Count by Mileage or Actual Vehicle Expenses?
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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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