Filing your tax return is an important obligation that every individual and business has to meet. A tax return rejected can cause many complications and headaches, including penalties and delays in receiving your refund or having a refund adjustment. Therefore, it is essential to understand why tax returns are rejected and steps to avoid tax […]
Effective Strategies for Preventing Your Tax Return Rejected Read More »
If you got a PPP loan for your business during the pandemic, you may be eligible for loan forgiveness. We’ll go over the requirements and application process. Many small businesses are still struggling as we enter 2023 and the fourth year of the “new normal” with COVID-19. Many of those businesses have benefited from programmes
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Every taxpayer’s worst nightmare is to get audited. Fortunately, audits rarely happen to most people. However, the self-employed and other small firms do run into a variety of other tax issues. Here are three typical tax mistakes and solutions. Missing of Tax Deadlines Most people believe that the tax filing date is April 15th. But
3 Common Tax Problems and How to Fix Them Read More »
Paying more attention to your taxes is one of the best methods to save money and fulfill your obligations. You can improve your small business in numerous ways with a few straightforward tax strategies that are also, and most significantly, legal. Here are some tax-saving tips for independent contractors: Tax Hack #1: Utilize Tax Filing
6 Tax Hacks For Small Business Owners and the Self-Employed Read More »
Tax planning and accounting are essential for any business that is expanding quickly. But when it comes to running a company, internal bookkeeping and tax preparation can easily turn into a time-consuming and expensive process. It might use up all of your time and valuable resources. When should you think about outsourcing some or all
January 31, 2023 – Deadline for providing Forms W-2, 1099, and other information returns to employees and the IRS. March 15, 2023 – Deadline for partnerships to file Form 1065 and provide Schedule K-1 to partners. April 17, 2023 – Individual tax return deadline for tax year 2022. April 17, 2023 – Deadline for S
All the important Tax Dates coming up this year Read More »
Starting a business can be an exciting and rewarding experience, but it’s important to choose the right business structure that best suits your needs. There are several different types of business structures to choose from, each with their own set of pros and cons. In this blog post, we will discuss the five most common
Finding the Best for you – LLC, DBA, C Corp, S Corp or Sole Proprietorship? Read More »
As a small business owner, keeping accurate records is crucial for many reasons. Not only is it important for tax purposes, but it also helps you track your income and expenses, make informed business decisions, and plan for the future. Here are a few reasons why accurate record-keeping is so important for small business owners:
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January 3 – Payment of social security tax for employers from 2020～ For employers who have deferred payment of employer’s portion of social security tax or railroad pension tax equivalent in 2020, his remaining 50% of the deferred amount of employer’s portion of social security tax will be due on January 3. It must be
January 2023 Important Business Due Dates Read More »
Introduction: What Is Tax Filing and What Forms Do You Need to Complete? Tax filing is an important part of managing your finances. It’s the process of submitting your tax returns to the Internal Revenue Service (IRS) and other government agencies. In order to file taxes, you need to complete and submit IRS forms 1040
A Step-by-Step Guide to Filing Your IRS Tax Return Accurately & On Time Read More »
