Tax Management

As a business owner, most of your decisions will have tax implications. Whether your business is earning profits or incurring loses, you have an obligation to your government to pay your taxes

Learn how to lower your taxes, including the write-offs for business expenses and tax deductions that you can claim. Know good tax resources for the home business owner and identify potential tax advantages and traps to avoid. Read tips and advice on tax planning, and keep more of your money in your pocket.

Non-Traditional Tax Deductions: Successes and Failures

April 8, 2016 | By | 2 Replies More
Non-Traditional Tax Deductions: Successes and Failures

Smart business owners strategically maximize their small business tax deductions. Learn some of the non-traditional tax deductions filed by business owners.

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3 Organizing Tips for Tax Time

April 4, 2016 | By | Reply More
3 Organizing Tips for Tax Time

Get 3 organizing tips that you should start doing RIGHT NOW to avoid stress when filing your income taxes at tax time. Organize your home business now.

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What to Do If You Are Audited by the IRS

April 3, 2016 | By | Reply More
What to Do If You Are Audited by the IRS

A federal tax audit is something that most Americans would rather not experience. Here are some guidelines to avoid tax audit; and if you’re one of the unlucky few, to make it as painless as possible.

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8 Tax Tips for Small Businesses and Self-Employed Individuals

February 13, 2016 | By | Reply More
8 Tax Tips for Small Businesses and Self-Employed Individuals

The IRS lists only a small number of the allowable deductions on their forms, and they are not going to tell you about a deduction you failed to take. It’s up to you. Here are a few

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Life Changes and Its Effect on Your Taxes

March 14, 2015 | By | Reply More
Life Changes and Its Effect on Your Taxes

There are a number of life changes that could significantly impact your taxes. These life events can either help you get a really big refund or increase the amount of taxes you pay.

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A Lowdown on the Home Office Deduction

August 20, 2014 | By | Reply More
A Lowdown on the Home Office Deduction

Nowadays, it is more common than ever for small business owners to be working from home. Plus, there is another nice financial benefit they can take advantage of – the home office deduction. Learn about the home office deduction.

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Tax Time: Check If You Qualify for Home Office Tax Deductions

February 8, 2014 | By | Reply More
Tax Time: Check If You Qualify for Home Office Tax Deductions

As a home-based entrepreneur, learn whether you qualify for home office tax deductions. It is important to maximize your deductions and minimize your taxes

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Deadlines For Issuing and Filing 1099s are Approaching

February 8, 2014 | By | Reply More
Deadlines For Issuing and Filing 1099s are Approaching

IRS 1099-MISC is the form used to report miscellaneous income that you paid to persons in the course of your trade or business. Learn whether this apply to your business and when 1099s must be filed.

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How to Avoid a Tax Audit of Your Business

February 6, 2014 | By | Reply More
How to Avoid a Tax Audit of Your Business

An IRS audit is unpleasant at best, and terrifying at worst. Learn how to avoid a tax audit by steering clear of the items that raise the red flags for the IRS

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Vehicle Tax Deduction for Small Business Owners

January 28, 2014 | By | Reply More
Vehicle Tax Deduction for Small Business Owners

Vehicle deductions can be great write-off opportunities for small business owners, but they are closely scrutinized by the IRS. Learn about vehicle tax deductions.

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Self-Employed 401K: Retirement and Tax Savings Tool for Small Businesses

January 25, 2014 | By | Reply More
Self-Employed 401K: Retirement and Tax Savings Tool for Small Businesses

Are you looking for ways to save on your taxes? If you are running a one-person business, fret no more: you can cut down your taxes while at the same time save for your retirement with the Self Employment 401(K).

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Advantages of Hiring Your Kids in a Small Business

January 8, 2014 | By | Reply More
Advantages of Hiring Your Kids in a Small Business

If you operate a small business and have kids who live with you or near you, it may be worth having them do some work in your company. Learn the benefits of hiring your kids

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