Your Guide to Tax Efficiency
In the wake of the COVID-19 pandemic, federal and state deficits have surged to unpredicted levels. Given this scenario, tax efficiency is going to more crucial than ever. Taxes for wealthy individuals are expected to increase in the upcoming years, especially for those living in states facing significant budget deficits. The newly elected President Joe […]
10 Ways Your Taxes Will Be Different in 2021
Taxes are an unavoidable obligation that must be fulfilled each year. Preparing for it ahead of time makes it easy to file while procrastinating makes the process a lot more complicated. So, we would suggest start preparing now or at least stay up-to-date with tax regulations! It’s important to note that the tax code is […]
Tax Tips for the New Decade!
If you don’t plan in advance, then the process can get very tedious and painful. Having the necessary documents and data pre-organized is necessary, or else you will experience a lot of trouble when calculating your taxes. What’s worse is that you may even end up paying more if you don’t acquaint yourself with the […]
5 Things to Watch Out for During this Tax Season
Many in the US were left surprised when the tax season came to an end on April 15, 2019. Taxpayers noticed that they had to pay more taxes than last year. These taxpayers even complained of receiving considerably lower refund dollars from the Internal Revenue Service (IRS). The 2018 tax reform bill had already left […]
Accounting and Tax Liability- Why they go Hand in Hand
Accounting is the process of recording all business transactions, and accounting reports are a numerical representation of the performance of a business. Part of these accounting reports is the tax liability, and given the significance of taxation, avoiding recording this data can have severe consequences for a business. Many new businesses are not aware of […]
Why Ignoring Sales Tax Can Be Hazardous for Your Business
Unless you live in a state or a country that does not impose sales tax, you must be aware of the strict obligations regarding its fulfillment and payment. Yet, many small businesses tend to take the sales tax for granted. It is also difficult for them in the know of all legislation and bills passed […]
6 Practical Steps to Managing eCommerce Sales Tax (Updated 2019)
It is a fact of life that if you plan to run a business, then you must pay taxes. If you’re an online retailer, then you’re also responsible for charging sales tax to customers living in states where your business has a physical presence. This tax is then remitted to the relevant tax authority. Filing […]
Can you tax cryptocurrency? Let’s find out!
Cryptocurrency technology shook up the economic world when BitCoin burst into the scene a couple of months ago. If you aren’t in the loop, you might want to consider checking it all out – starting here! Recently our CEO, Vinnie Fisher, had the privilege to be apart of The Future of Money Summit presented by […]
10 Tax Deductions Your Business Isn’t Taking Advantage Of
When tax season rolls around, be sure to consider these 10 often-overlooked deductions that your business can take advantage of.
Tax Season: A Survival Guide for Business Owners
Tax preparation used to have me fantasizing about rearranging my sock drawer. Now, it’s just not a big deal. In this blog post, I’ll share the handy tools that keep me in control of my business finances, so I can focus on expanding my business. In this article, we will cover everything you need to […]