1-800Accountant Blog

llc-florida

How to Start an LLC in Florida

Florida offers business owners a diverse economy, a large workforce, and several large cities to choose from to open a business. Starting an LLC in Florida can be a wise decision, but there are a few steps involved in the process.  There are also a few fees to know about and other important details you […]

dba

Doing Business As: What is a DBA?

What’s in a name? The names you use for your business can communicate so much about who you are and what you do, and customers can use your name to share with others and spread the word.  Choosing a name for your business is a relatively straightforward decision, but it can have a significant impact […]

architect-tax-deductions

Deductions by Design: 13 Tax Deductions for Architects

The day-to-day life of an architect encompasses a wide variety of duties. As an architect, you may have several expenses that are tax-deductible—but only if you know which ones to claim. Your work may allow you to qualify for several tax deductions. Here are the top 13 tax deductions if you’re an architect. Top Tax Deductions […]

tax-consultant-help-small-business

Tax Consultants: How Can They Help Small Businesses?

Every small business has to deal with taxes, but not every company and business owner handles them equally well.  Many business owners barely get by, turning in tax returns at the last minute and praying to avoid an audit. And that’s understandable! Tax law is almost endlessly complex, and specific requirements change all the time.  […]

rising-tax-rates

Rising Tax Rates on the Horizon

Factoring in tax rates is an essential part of effectively managing a business’s finances. While tax rates increase the amount a small business charges, tax rates may also have consequences for consumers. Here’s an overview of sales tax rates, tax rates for previous years, and what raised tax rates could mean for consumers and small […]

rideshare-driver-tax-guide

Complete Guide to Handling Taxes for Rideshare Drivers

As a rideshare driver, you are considered self-employed and treated as a business by the IRS. However, this may change if local or state laws require Uber or Lyft to employ drivers directly.   Tax obligations can be incredibly complicated for Uber and Lyft drivers. You don’t have an employer handling many tax compliance concerns for […]

payroll-tax-return

Paying Employees: Understanding the Payroll Tax Return

Payroll taxes are an integral part of running a business. As an employer, paying employees properly is one of the most essential things that you can do. However, it isn’t as easy as it may seem. Here’s what you should know about the payroll tax return. What Are Payroll Taxes? Employers withhold payroll taxes from employee’s […]

year-end-accounting-tips

8 End of Year Accounting Tips 2020

While most people don’t think of tax season as an exciting time to look forward to, it doesn’t have to be something you dread either. As with most things, you’ll be okay if you prepare ahead of time and know what you’re getting into.  And while tax season itself and the deadlines it carries with […]

bookkeeping-101-debits-credits

Bookkeeping 101: What are Debits and Credits?

Debits and credits are an important part of organized bookkeeping. The two concepts work together so that bookkeepers can better manage their financial transactions. If you’re not accurately tracking your debits and credits, your accounting could get extremely messy and chaotic.  Some differences between the two can affect how your small business conducts its bookkeeping. […]

4-risk-management-strategies-small-businesses

4 Risk Management Strategies for Small Businesses

It’s perhaps inherently obvious that running a small business involves risk. Every business faces risks associated with changing economic conditions, competition, or other market forces, but oftentimes, these risks can have irreparable effects on a small-sized organization. No matter how much preparation, education, and experience small business owners have in their respective fields, internal and […]