If you’re a business owner, you have enormous responsibilities. When your business is running smoothly, you can’t afford to interrupt your day-to-day to file extra paperwork. However, if you registered your business as an LLC, you may want to pause to file your LLC Annual Report. You might be wondering: What is an LLC Annual […]
Property management can be a lucrative industry for landlords. It is a fast-paced industry with many moving parts, such as interviewing potential tenants, managing current tenants, and maintaining property quality. Income tax and deductions for rental properties may not be top of mind, but there are certain things about rental income and taxes every landlord […]
The clock is ticking, and tax season is right around the corner. As you gear up to confront the daunting task of filing your taxes, it’s essential to have an understanding of critical but complex terms such as Adjusted Gross Income (AGI). Understanding AGI can have a significant impact on your tax payments and potential […]
It’s impossible to predict the future with complete accuracy. However, it’s still important to stay aware of rising business and accounting trends; doing so can put your business on the path to achieving its goals. 2023 is well underway, and today’s business environment is rapidly evolving with new technologies, risks, and customer demands. While pandemic-related […]
Farming is a complicated business, and that’s before you get to accounting for farmers. If you’re a farmer or involved in the farming industry, you need to be on top of things on the accounting side of your business. Records need to be current, and IRS rules must be complied with. You also need to […]
Tax law can be tricky for small businesses. Filing on time, understanding the ever-changing IRS rules, and handling piles of documents can be overwhelming. Did you know you might be able to save how much you have to pay in taxes this year? There are many deductions and credits you can use. The catch is […]
When you have specific business goals that you want to achieve, it’s essential to have a strategy in place to ensure you save time and resources. This is true for all areas of a small business, from marketing and production to business tax planning. Being well-versed in business tax planning strategies can help avoid missing […]
Learning to keep track of your books is important for any business owner. Sound financial information makes it possible for them to accurately maintain their books, file their taxes, and make business decisions. There is a lot of work that goes into maintaining your books and keeping track of your accounts. If you don’t organize […]
Healthcare industry accounting is more complex and time-consuming than accounting for a typical small business, which has its own complexities. Not only will your practice need to account for patient payments, but you might also regularly battle insurance companies, Medicare, and Medicaid to secure your fees. Whether you’ve just launched your medical practice or have […]
The concept of debt is so ingrained in our culture that most people accept it as a necessary part of life. Many individuals accumulate personal debt, including credit cards, student loans, car payments, and mortgages. Another type of debt that may affect small business owners at one point or another is business debt. Businesses in […]
