Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

Q2 Estimated Tax Due Date 2023

Summer is just around the corner, which means Q2 quarterly taxes are due for many small businesses. While some businesses use a service to calculate and submit what’s owed, many owners will roll the dice and do it themselves, which makes them vulnerable to penalties and increased IRS scrutiny. Use this blog as your guide […]


Form 4506-T: Steps to Access Your Tax Transcripts

Navigating tax return transcripts can be tricky, especially when you’re uncertain about the right forms to use. If you’ve ever needed tax return transcripts but didn’t know how to get them, Form 4506-T, Request for Transcript of Tax Return, might be the solution you’re looking for. Form 4506-T is more than just a tax form; […]


Form W-7: Your Gateway to an ITIN

For tax purposes, the IRS requires non-U.S. citizens to file for an ITIN. Form W-7 is used to apply for or renew an Individual Taxpayer Identification Number, or ITIN. This nine-digit number allows non-citizens who are ineligible to receive a Social Security Number and lack U.S work authorization to file tax returns to the IRS. Fortunately, […]


A Quick Rundown of Single-Member LLCs

Whether you’re an entrepreneur, a freelancer looking to establish your own business, or a small business owner seeking to restructure, the single-member LLC business structure may be a fitting choice. But what is a single-member LLC exactly? Let’s dive into everything you need to know about this business entity, how it works, and its benefits. […]


6 Steps to Starting Your LLC in California

Selecting the correct entity to form as is an essential part of running a successful small business in California. If you’ve never done it before or are a little rusty, use this blog as your guide to understanding the benefits of forming as an LLC in the state, along with detailed instructions on how to […]


4 Steps to Start a DBA in New York

Doing business as, commonly referred to as a DBA, is a great way to protect your small business interests. Mainly, a DBA will help your small business develop in a way that protects both your business name and legal name.  Starting a DBA in New York is quick and easy and will only take a […]


Everything You Need to Know About Manager-Member LLC

Choosing between a member-managed and a manager-managed LLC is a pivotal decision in forming your business. In this blog post, we’ll break down these structures, guiding you to make the choice that best aligns with your business’s needs and objectives. This read will highlight the benefits of a manager-managed LLC, the nuances of LLC taxation, […]


Everything You Need to Know About State Tax ID Numbers

What is a State Tax ID Number? A state tax ID number (also referred to as a state EIN, a state employer ID, or a state tax registration) is the unique number the state will assign to a business entity or organization. The state tax ID is associated with the state in which the business […]


Sole Proprietorships and Schedule C

What is a Sole Proprietorship? A sole proprietorship is an unincorporated business entity that you own and control by yourself. What makes a sole proprietorship an appealing business structure is its simplicity, easy setup, and inexpensive cost. When starting a sole proprietorship, you do not have to fill out formal paperwork or register with your […]


Everything You Should Know About Commercial Truck Taxes

Being a commercial truck driver isn’t just about the open road. It also involves handling tax responsibilities. Balancing the demands of the job, including tracking miles, logging hours, and meeting deadlines can get even further complicated by taxes. Commercial truck taxes require an understanding of the various taxes that apply to you. This knowledge is […]