Many small businesses pay up to double what they should in taxes in their first year of operation. Why? They didn't take the necessary steps to minimize their tax burden, just one area where an accoun…

What Triggers a Small Business Tax Audit?

Regardless of their similarities, the functions of accounting and bookkeeping are distinct and equally important for businesses of any size. Use this guide to understand all you need to know about the…

Bookkeeping for Truckers: 5 Tips to Keep Your Finances In Order

Before setting up an LLC, you should understand the tax implications. The simple structure can affect your tax liability and reporting requirements. This article highlights the LLC tax rules, filing d…

How to Prepare for a Small Business Tax Consultation

Every small business owner needs an accountant for business taxes, tax preparation, and day-to-day operations. However, many small business owners believe that accountants are too expensive. So, what …

This article will cover the differences between non-profit and for-profit bookkeeping. We’ll also cover non-profit reporting requirements and our best practice recommendations.

As a small business owner, you should expect to pay total taxes of 20% to 30% of your business’s net profit. Your tax planning strategy depends on whether you pay north or south of this range. Our art…