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...
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...
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...
When it comes to tax season, one of the most effective strategies to keep more of your hard-earned money is to take full advantage of the tax deductions available to you. However, with the complexity of tax laws and the sheer number of potential deductions, it's easy...
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...
