Navigating the tax landscape as a business owner can be complex and confusing. However, understanding the consequences of not filing taxes is vital. Ensuring your business’s financial health and legal standing is crucial for its long-term success and stability. You need to tackle tax-related complexities with diligence and expertise. In this comprehensive article, we’ll explore […]
Being self-employed brings with it a lot of independence. You get to make your own choices and set your own hours. You work when you want to work! But for better or for worse, that independence also means a lot more responsibility. You’re operating your own small business, and as a result, you’re responsible for […]
Filing taxes for your business is essential to your responsibilities as a small business owner, but it can be complicated, especially if you’re not prepared. One thing leads to another, and you can fall further and further behind on your taxes. Even if you’re past the due date for your tax return, it’s not too […]
Tax liability is something that affects all small businesses. For small businesses, several factors play into tax liability, such as business entity type, due dates, and specific taxes owed. Small businesses can reduce their tax liability by implementing tax-saving strategies. There are ways to save money for yourself and your employees for almost every business […]
All Lyft and Uber drivers must file their tax returns as independent, self-employed individuals, which means each driver represents themselves as their own small business! This approach can make tax preparation and reporting business income more difficult, but it also gives drivers extra opportunities for tax deductions. If you’re curious about tax deductions for Uber […]
Influencers are tastemakers who shape what their dedicated audiences will embrace or avoid. In some industries, an influencer’s word can mean much more than a celebrity spokesperson or a famous athlete, which isn’t lost on companies engaged in a tight battle for consumer dollars. The influx of money, access, and power to this emerging industry […]
There are more ways to be a self-employed personal trainer today than ever. You could be a traveling personal trainer, coach, or contractor for a larger fitness organization or even offer online training services! Whatever your work looks like, you’ve put in tremendous time, money, and labor to make that work possible. When you’re working […]
Tax law is complicated, especially for businesses, and there is no shortage of challenges and pitfalls business owners can run into if they’re not prepared. Nonprofit taxes and operations come with their own unique set of challenges as well. The IRS regulates nonprofit organizations in the United States with very precise tax regulations. The rules […]
New York is an important state for business in the United States. Many of the biggest corporations have locations in New York City as well. It’s an exciting place to be, but that doesn’t mean it’s easy for businesses. Business owners looking to start setting up a small business in New York will need to […]
If you dread tax season every year, you’re not alone. It’s easy to wait until the last minute to prepare and file your small business tax return and figure out your small business tax deductions. No one likes the idea of losing money, and the complex record-keeping and paperwork required can make the whole process […]
