Category Archives: Accounting

29 Apr 2016
New Business Laws in 2016

2016 New Tax Laws That Small Businesses Must Know

Tax day has come and gone, but that doesn’t mean SMBs are in the clear for another 12 months. As the owner of a small business, you are responsible for making estimated tax payments throughout the year, and failing to pay the IRS what you owe can result in serious penalties. To avoid losing their
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1 Apr 2016
Mileage Log

Mileage Log: Little Work, Lots of Money Back

It’s no secret that most small business owners are operating with limited budgets.  If you aren’t taking advantage of mileage deductions, you might be missing out on a valuable opportunity to slash your tax bill this spring. Whether you drive your personal vehicle to meet with clients, attend trade shows, purchase supplies, or pursue continuing
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30 Jan 2016
Independent Contractors

What Is a 1099?

If you want to stay on the IRS’s good side in the coming year, it’s important to keep up to date on the latest small business tax requirements. Below is a brief primer about the 1099 form and what it means for your SMB this year: Understanding the 1099 Form Contrary to popular opinion, the
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11 Dec 2015
Tax Deductions

Top 10 Tax Deductions for Small Businesses

As a small business owner, you likely enjoy the great opportunity to be your own boss while working in a field you truly love. Unfortunately, self-employed people in this country also face a more significant tax burden. As a freelancer or small business owner, you are responsible for paying the self-employment tax in addition to
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27 Jul 2015

4 Tips for a Successful Home Business

Do you run your small business out of your home? If so, then you’re not alone. According to a recent SBA report, 52 percent of small businesses operate out of the owner’s home, and with good reason. Not only can you save big money on rent and office overhead, but you can also take advantage
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