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 …
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: …
The Importance of Accurate Record Keeping for Small Business Owners Read More »
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 …
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 »
Whose payroll services should you utilise? To evaluate and select a payroll provider to serve your small business needs, use the advice in this article. When payday arrives, workers naturally believe they will be paid—and paid the right amount—in addition to being paid at all. A payroll service is a simple way to ensure that …
What Is a Limited Liability Company (LLC)? A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. While the limited liability feature …
How to Start an LLC or Register a New limited liability Company Read More »
