The word taxes makes every American a little uneasy. But for business owners, it’s a huge area of concern and a misunderstood aspect of their business.
After all, who wants to understand taxes? We’d rather take our shoebox of documents to our CPA, endure the embarrassing looks they give us, and get them over with. Unfortunately, it’s not that simple because our financials impact our business in every way, not just during tax time. But to keep this brief, here are five tax-related articles that will help you deal with one of the most stressful times of the year for you and your business – tax season.
Remember the day you landed your first sale? How about the day you hired your very first employee?
You can make today just as memorable, and far less stressful, by turning your small business taxes into a piece of cake. This article outlines why tax season can be so tough on business owners and how we can turn that toughness around in order to make it a breeze.
Every decision we make within our business has consequences, both good and bad. These decisions also impact how much we pay and our risk when it comes time to do our taxes. The biggest mistake many self-employed entrepreneurs make during tax time is actually made long before the day your return is filed.
Trust accounting is the biggest liability for law firms and solo attorneys. One honest mistake can end in disastrous results. For proper management, there are four necessities. Here they are.
“During most of the year, entrepreneurs don’t think much about accounting. They are (understandably) consumed by thoughts of serving their customers/clients, delivering a better product/service and finding more people to serve.
But then taxes roll around, and business owners scramble to pull things together. That’s when many realize – this just isn’t working. There has to be a better way.”
The history of income taxes and Tax Day is much more interesting than you would think. Here is a brief overview of incomes taxes and the day itself, along with why in 2016 Tax Day was April 18th.