When you started your business, you probably weren’t thinking about full-time employees, tax bills and tax brackets, business expenses, or working with CPA tax professionals during tax season. Tax credits weren’t on your mind, either, which is understandable. But now that you’re up and running, it’s important to learn which credits your business is eligible […]
Hiring your first employee is an exciting milestone. Expanding your team allows you to offload administrative tasks and focus on your business growth. This article will help you determine when you should hire your first employee. We’ll also explain the steps you should complete before hiring, during your candidate search, and for employee onboarding. 1-800Accountant […]
If you’re an entrepreneur who operates solely from a home office, you can take advantage of home-based business tax deductions. In addition to your operational expenses, you may be eligible for a home office deduction. The incentive benefits self-employed taxpayers who dedicate part of their home to running their business. Keep reading to learn about […]
As a small business owner, you know that you need an accountant to help with various aspects of your business. But you’re also concerned about the cost. In fact, that’s why you’re in the position you’re in now – you don’t spend money without first doing research to make sure you’re getting great value in […]
Watching your business grow is thrilling – you finally see the results of your hard work. Unfortunately, the more your business grows, the more time your bookkeeping takes. You might spend hours categorizing transactions, chasing receipts, and compiling reports. Perhaps you dread filing tax returns because of your unorganized spreadsheets. Accurate bookkeeping is essential to […]
Though the chances are slim, an Internal Revenue Service (IRS) audit can happen to any small business owner for any reason. Sometimes, they’re triggered by a common mistake or unusual reporting on your income tax return. Other times, they’re entirely random or connected to a related examination. While receiving an IRS audit notice isn’t pleasant, […]
You can scale your small business by hiring employees to manage day-to-day operations while you grow your business. However, as your team grows, so will your payroll burden. A payroll compliance checklist can help your business stay compliant. Why is a payroll checklist important? A thorough payroll compliance checklist (like the one covered in this […]
Property management can be a lucrative profession, but it’s not without its challenges. Landlords must juggle several responsibilities, which include interviewing prospective tenants, managing a diversity of tenant-related issues, and maintaining property quality. With all of that to address, it’s understandable that income taxes and deductions for rental properties may not be top of mind […]
December is almost over, and that means the tax year is coming to a close. Wherever the numbers fall on December 31st, that’s what you have to deal with in April. That’s why it’s important to think ahead before you act, go through your income tax checklist, and prepare your business for year-end. That way, […]
The popularity of on-demand delivery services has increased exponentially over the last few years. Companies like Uber Eats, DoorDash, Instacart, GrubHub, and Postmates are household names because their drivers consistently deliver! Delivery drivers, typically classified as independent contractors, excel at spotting shortcuts and knowing their way around their cities. However, they might not be quite […]
