1-800Accountant Blog

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S-Corp & C-Corp: What’s the Difference?

Every business has a structure that determines its operation and how the government will recognize it as a legal entity. Different business structures offer different benefits and restrictions, so it’s essential to understand what’s at stake in how you organize your business.   One common and important structure is the corporation. Corporations are legally independent business […]

mid-year-tax-check-up

7 Things to Do at Your Mid-Year Tax Check-Up

Tax season can be stressful. When you finally submit your returns in April, you may want nothing more than to set it all aside and stop thinking about taxes until the following year comes around.  Unfortunately, forgetting about your tax obligations sets you up for more panic and disaster the following April. If you take […]

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Business Entities: What is a Nonprofit?

Every business has some kind of mission or purpose, whether it’s a need they’re trying to meet or a niche they want to fill. A strong business plan should lay out the vision and goals for the company. Different purposes require different strategies and structures for fulfilling them.  A regular business works by generating profit […]

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19 Tips for Managing Your Small Business Finances

At any point in the management of your small business, your small business’s finances will be central to its success. As your business grows and develops, it can become more challenging to pinpoint where to focus your time to ensure your finances are running smoothly. Managing your small business’s finances may be stressful, but there […]

engineer-tax-deductions

Blueprint for Savings: Best 7 Tax Deductions for Engineers

If you haven’t yet filed your taxes and work as an engineer, check out these seven common tax deductions that could minimize your tax burden this year! Tax Deductions for Engineers Engineers can receive tax deductions for different aspects of their jobs. The best tax deductions for engineers follow. 1. Advertising You can claim a […]

covid-stimulus-bill-updates

President Biden Signs 1.9T Stimulus Bill, What Now?

After months of negotiation and deliberation, Congress finally passed an updated stimulus bill passed last week. This bill will bring relief to millions of people and small businesses in the form of economic relief and direct cash payments. It’s an important boost that will immediately benefit city, local, and state economies. Although millions will directly […]

rental-property-tax-deductions

Real Estate: Tax Deductions You Can Claim on Rental Property

Taxes can be tricky for real estate professionals. You might have a lot of expenses maintaining your properties, but how do you report those on your tax return? The IRS has specific restrictions on rental real estate income and how to report it, but they also offer deductions for many eligible business expenses. If you […]

start-business-florida

8 Easy Steps to Start a Small Business In Florida

Florida offers a large population, several industries for small businesses to grow, and a year-round climate for visitors to the state. Starting a small business in Florida may seem simple, but you should still know a few things. Here are the steps to follow if you want to start a small business in Florida. Benefits […]

construction-company-sales-tax

Sales Tax: How to Handle It As a Construction Company

Tax law is by far the most complicated field of law in the United States. And if the federal tax system isn’t enough, each state has different laws and requirements around taxes.  Small business owners have a responsibility to learn and comply with those obligations under both the federal system and the state or states […]