Does the nature of your business require a lot of driving? If so, you might benefit from purchasing a company vehicle. But should you buy a personal vehicle and write off the business use? Or buy a vehicle in the company’s name and write off 100% of the expenses?
The American Rescue Plan Act of 2021 (ARP) includes some major tax changes that impact individuals and businesses. Round Three…
Small business owners and self-employed people don’t have an employer withholding taxes from their paychecks. Instead, they’re responsible for paying their own taxes, and the IRS expects a payment every quarter.
Small business owners know that sales tax can be tricky. Unfortunately, they got even trickier this year thanks to the…
Many small business owners use a vehicle for business, but unless you drive for work a lot, it’s easy to forget about the many trips you take that might qualify for a tax deduction.
After you start your own business, paying yourself for all the time and effort you’ve put in is an exciting moment. But how do you pay yourself as a small business owner?
As business owners we want to take advantage of every write-off that our company has available, right? But, in order…
Did you know that your accounting software automatically generates a few reports for you to use? These reports can be…
Every business no matter the size will have basic expenses that are necessary to operate and run the business.
As a freelancer, service provider, network marketer, contractor, landlord or anyone providing services and learning commissions – you will most…