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Category: Payroll Tax

Ready to Get Ahead for the 2018 Tax Season?
If your New Year’s resolutions have already started to slip away (how many times have you been to the gym?), you still have plenty of time to achieve a financial win by preparing for next year’s tax season, starting right now. Getting an earl...
Business Spotlight: Qualified Joint Ventures
Have a mom-and-pop shop? You might consider filing a QJV for tax purposes. It’s a separate term for a business that is jointly owned by a two spouses, that is unincorporated and not an LLC (with one exception, below). Instead of filing a partnershi...
4 Key Facts: How Your Bonus Will Be Taxed
Several large corporations have announced they’re giving their employees bonuses in response to the passing of tax reform, including American Airlines, Bank of America, and Walmart. Maybe you’re one of the lucky ones, or perhaps you received and ...
The Tax Moves Business Owners Need to Make Before Year End
When you start a new business, it’s easy to get caught up in running everything and forget about paying taxes. But you need to plan ahead to avoid a surprise in April. To lower your tax bill and avoid penalties, make these three moves before th...
3 Strategies to Save Your Small Business Money
Many small business owners make careless mistakes when filing their taxes – are you one of them? Instead of throwing your profit to penalties and skipping out on savings, adopt these strategies to save money better spent on helping your busines...
Unable to Pay? Here’s What to do About Your Tax Bill
The squeeze you feel on your wallet might tighten if you’re suddenly hit with a tax bill. Simply put, there are those who just can’t pay. Fortunately, you have a few options. Read below to find the best for your financial situation. If you can af...
Work from Home? Tips for Owners of a Home Based Business
In the internet age, you can easily operate your business from home, whether it be as a freelance app designer or financial consultant, and many do – about 53% of all small businesses are home based. However, only a small amount of those busine...
Smart Business Tax Write-offs You Should Know About
Use Expenses To Lower Tax Load Starting your own business is not only fun, it’s can be an exciting chapter in life. It’s all part of the American Dream, and the best part about it is that after your new business venture finds success, you can als...
Incorrect Worker Classification Leads to Tax Disputes
 Independent Contractor or Employee? The Answer Matters Running your own business can be pretty satisfying, and choosing the right people to join your team can make all the difference. But how you classify your workers matters. Employers have option...
Payroll Tax Cut Center of DC Squabble
House Rejects Rare Senate Compromise Benjamin Franklin once said that nothing was certain except for death and taxes. And while the politicians in Washington bicker and feud, it seems more taxes are certain starting Jan. 1. After a rare compromise ha...
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