Taxes and Your Home-Based Business
October 1 2016
Running a business from home can have its advantages: you can work in your pajamas, take a break mid-day to enjoy lunch with friends or attend your child's school program, and set your hours to fit your needs. Because of this flexibility, you may lose sight that you are indeed a business. Rest assured the IRS hasn't lost sight of this fact; you want to make a profit and the IRS wants it cut. Claim too many deductions in your business, and the IRS will begin to focus on whether you're truly running a legitimate company.
Outsourcing for Your Small Business
September 19 2016
For small business owners, one of the biggest challenges is growth. There are only 24 hours in a day, but with so many hats to wear, it's difficult to find the time you need to grow your business. When you immerse yourself in the day-to-day operations, you're not focusing on what you need to do to take your company to the next level. With outsourcing, you can pass off those tasks that either eat away the time in your day or aren't in your wheelhouse. This frees up important hours to generate revenue for your business, along with helping you compete against the corporate giants.
Key Inventory Metrics
September 7 2016
If your business operates with inventory, be it a retail brick-and-mortar or a manufacturing company, knowing the key metrics will increase the likelihood of success. Through careful monitoring of your metrics, you will better be able to spot problems that may arise in your business, and you'll be able to make smarter choices in what to offer to your clients -- all helping to contribute to the bottom line.
Back to School Tax Tips
August 15 2016
Parents everywhere are breathing a sigh of relief as their children begin the new school year, but due to the rising cost of education, the relief can be short-lived. We've compiled a few of the most common questions our clients have regarding education-related tax deductions.
Q&A: Quarterly Taxes
August 3 2016
With the rise of the gig economy, we've had many clients asking if they need to be paying quarterly taxes. We've also seen clients who hadn't been paying their quarterly taxes and were shocked when it came time to file their tax return. Although it may seem a pain, and certainly something you'd rather put off and do once instead of four times a year, paying your estimated tax in quarterly payments is easier on your cash flow and saves you time at the end of the year. We've compiled a list of the questions we hear most often when it comes to quarterly taxes.
Mid-Year Tax Tips to Save You Money
July 15 2016
Since we're now halfway through 2016, summer is the perfect time to review your finances and get organized for tax time. By making these changes now, you'll save money and be ahead of the game when it's time to tackle your taxes next year.