How Long Should I Keep My Tax Records?
Now that you are filing away your business or personal tax records for the year, you may be wondering just...
Common Bookkeeping Mistakes & How To Avoid Them
Bookkeeping can be the bane of many a business owner. But it doesn’t have to be the onerous chore it’s...
Bookkeeping vs. Accounting
Accurate and complete financial records are essential to the success of any business. Bookkeeping and accounting are two processes business...
What Is the Schedule K-1 Tax Form for Businesses?
Accounting, Entrepreneurs, Finance, Freelancers and Independent Contractors, Small business, Tax Tips, Taxes
Are you a partner in a business? Do you receive distributions from an S corporation? If you answered “yes” to...
Do You Owe Estimated Taxes on Tax Day?
Accounting, Entrepreneurs, Finance, Freelancers and Independent Contractors, Small business, Tax Tips, Taxes
If you pay taxes, you likely know that the IRS deadline for filing your annual personal tax return is typically...
What’s the Difference Between Cash Accounting and Accrual Accounting?
When businesses are formed and start filing taxes, they must pick a specific accounting method. Businesses generally choose between the...
Tax Deductions For Small Business Owners
Accounting, Entrepreneurs, Finance, Freelancers and Independent Contractors, Small business, Tax Tips, Taxes
If you own a small business, you know that every dollar counts. When it comes to tax time, you want...
Time Running Out? How to File a Tax Extension
You had all the best intentions of getting your tax returns to Uncle Sam on time. But then life just...
What Happened to Form 1040A and Form 1040EZ?
Prior to the 2018 tax year, when you filed your personal income tax return with the IRS, you had a...
Right-Brain Finances: Tax Deductions for Creative Types
People who use the right side of their brains to work, day in and day out, are often referred to...