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Every year, businesses need to file IRS W-2 forms for each of their employees. This is critical because it is how employers claim wages, withheld wages, and benefits for their employees. W-2 forms are due for the previous calendar year… Read More
Posts Tagged ‘taxes’
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Common Small Business Tax Myths
Running a small business is full of challenges. Some of the most difficult-to-navigate issues include anything involving finances and in particular, tax season. It doesn’t help that there are a number of pervasive myths out there that confuse small business… Read More
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Why Small Business Owners Should Have a CPA for Tax Prep
Small business owners are fully aware of the many duties that come with the job. Sometimes, you have to jump into other tasks that aren’t specifically your responsibility like inventory management or customer relations. That may even mean doing your… Read More
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Tax Deductions Every Small Business Owner Should Know About
Many small business owners dread tax time, as it means looking through all of their receipts and trying to determine whether or not they can claim any tax deductions from them. This process can be incredibly confusing, and many businesses… Read More
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Tax Tips: Claiming Travel Expenses
When you need to travel for business, it can be difficult to determine which expenses you can claim on your taxes. It’s important to do your research by checking out the official IRS website for rules and guidelines, but you… Read More
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Why Is Bookkeeping Important?
Bookkeeping, the act of keeping financial records pertaining to your business, is a critical component of a successful business. Having organized and well-kept financial records will give your business an edge in many different ways. Whether you do it yourself… Read More
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Quarterly Accounting Tasks for Small Business Owners
The main quarterly accounting tasks for small business owners are related to taxes. State, federal, and local bureaus require some quarterly tax information to keep track of your business and collect on taxes you may owe. This can be a… Read More
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Tax Info: How to Handle Estate Taxes for a Deceased Loved One
Unraveling tax information under normal circumstances is already difficult. Moreover, there are aspects of tax info that you probably rarely think about. Then the worst happens. One of your loved ones passed away. Now, you’re facing financial obligations in all… Read More
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Find Out How You Can Save More of Your Tax Money This Year
Your tax money is a valuable resource. For many taxpayers, getting their return money is a joyful windfall. Most of the time, that extra benefit makes ends meet. That said, it’s not a big deal to treat yourself to something… Read More
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3 Reasons to File Your 2020 Taxes Early This Year
It doesn’t seem like it was all that long ago that the last tax deadline was pushed back. Usually, Tax Day falls on April 15, which is the last day you can file your taxes for the previous year without… Read More