1-800Accountant Blog

tax-credit-vs-tax-deduction

Tax Credit vs. Tax Deduction: What’s the Real Difference?

The difference between a tax credits and tax deduction is something that can often be misunderstood. Their purposes have a similar end result, and both can play a significant role when you file taxes (namely, to save you money as a taxpayer), which makes knowing their differences crucial. Here are the fundamental differences between tax […]

5-things-amazon-sellers-need-to-know-about-taxes

5 Things You Need to Know About Taxes for Amazon Sellers

If you want to make your products accessible and get them in front of as broad an audience as possible, Amazon is the biggest online marketplace around, and there are some important things to learn about taxes for Amazon sellers.  There are some unique processes and rules around selling on Amazon, however, and it’s important […]

taxes-truck-driver-operators

What Taxes Do Truck Driver Operators Have to Pay?

Truck drivers are some of the most resilient workers in the country. Long-haul trips, maintaining compliance with the FMCSA, and dealing with poor weather conditions and other drivers are all things truck drivers must deal with regularly. To top it off, truck drivers who are also owner-operators have additional tax requirements to consider. Here is […]

side-hustle-ideas

21 Hot Side Hustles You Can Start in 2022

This is the age of the side hustle. Not only do a growing number of full-time workers have a side hustle, but there are many others who have been able to completely replace their full-time income with side hustles.  Side hustles offer a ton of benefits for workers. On top of bringing in additional income, […]

budgeting-tips-small-business-owners

5 Budgeting Tips for New Small Business Owners

Every business owner wants and needs to make money, but no one wants to have to think about money and cash flow every day and all the time.  You need money to keep building and growing your business, and success means you continue to earn back your investment and more in profit. Ideally, however, you […]

home-office-deduction

How Do I Calculate My Home Office Deduction?

Some people have been working out of their homes for many years, while others have had to establish a home office recently. Working from home has gone from a luxury to a necessity due to the coronavirus pandemic. Working from home brings its own opportunities and complications as well. It can be a challenge to […]

how-to-trademark-a-name

Trademarking a Name is a Good Idea, and Here’s How

Names are the foundation on which you build your business. The core of your brand is a name your customers know and associate with your company’s qualities. Therefore, choosing and trademarking a name should be an essential part of your initial research and brainstorming before you start your business.  As you consider a name for […]

accounts-payable

Bookkeeping 101: What Is Accounts Payable?

Accounts payable is central to bookkeeping. It helps small business owners determine to whom they’ll pay debts, and it’s also helpful in noting the amounts on your balance sheet. While you may think accounts payable only refer to short-term debt, there are some valuable things you should know. Here’s what you should know about accounts […]

texas-small-business-tax

How to Deal with Small Business Taxes in Texas

Texas is one of the most business-friendly states in the country. While it offers an attractive environment for small business owners, with a large population and a robust economy, there are essential things to consider. Starting a business in Texas can be a wise decision, but there are tips to help make the process easier. […]