Hundreds of notable character and personality traits define you or your favorite successful small business owner. However, certain characteristics stand out when we compare the entrepreneurs...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/12/2022
Generally, tax deductions are expenditures that business owners can subtract from their taxable income. It is economical as it saves cost by reducing the tax amount you need to pay.Most...
Posted by Pat Raskob on 03/31/2022
Everyone has a personal credit history. Personal credit history must be separated from their business credit for small business owners. As individuals, the errors in personal credit...
Those who cannot withhold federal taxes from each paycheck must pay taxes quarterly.United States income tax operates on a pay-as-you-go system, in which the federal government collects...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/11/2021
While tax season 2022 might be a few months away, the new year will be here before you know it. The fourth quarter is the time to do proactive tax planning to lower the 2021 tax bill....
Also known as a tax write-off, it is an expense that you can remove from the taxable income. The idea is to lower your tax bills; however, such deductions need to meet the criteria...
Posted by Taxes Made EZ Inc on 09/10/2021
Small business owners and self-employed individuals who must resolve factual or legal issues between themselves and the Internal Revenue Service can use the Fast Track Settlement program...
Posted by Taxes Made EZ Inc on 08/15/2021
Do you have a small business? You can take advantage of these ten deductions to reduce your taxable income. The legal reduction in taxable income isn't as thrilling as winning...
Posted by Rosovich & Associates, Inc. on 07/31/2021
Many small business owners believe that doing many things themselves can help save money. This, however, is not true of finances as an accountant can save you a lot of money in the...
Posted by Pat Raskob on 07/24/2021