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Last Minute Tax Deductions for 2017 (and Beyond)

We’re halfway through October, which means we’re just about to start the holiday rush. Soon, it will be Halloween and then Thanksgiving, and then Christmas, and before you know it, the year is over, and it’s time to pay taxes. …
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Paying Seasonal Employees – Where Do I Begin?

When your business is overwhelmed, unable to keep up with the workload and provide adequate service, it’s probably time to bring on another employee. But sometimes, the surge in business is only temporary. Or your business only runs for part …
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How to Get a Jump Start on Taxes

Taxes are one of those things people tend to put off for as long as possible. After all, no one really likes doing them. But procrastination has consequences. For example, it increases your anxiety and leaves you more stressed. It …
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Before You Take Out a Business Loan

Starting a business usually takes more money than you have on hand. There are materials you need to buy. People you have to pay. Office space you need to rent or purchase. And ideally, you’d like to be able to …
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A Beginner’s Guide to Paying Independent Contractors

If you have true employees of your company, whether full-time or part-time, you’ll typically pay them through a payroll system. This will account for tax deductions that both you and the employee are responsible for, and it keeps a nice …
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Why Accounting is So Important

Explaining why accounting is important to a business is something that shouldn’t need to be done. Financials, projections, and general information accuracy are the life blood of any business, whether they’re doing well or barely scraping by. Staying on top …
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Deducting Advertising Expenses from Your Taxes

If you’re trying to grow your business and reach new customers, you’re probably doing some form of advertisement or promotion. If not, you might want to consider it. Not only will it help your business succeed, but just like with …
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Why Are Taxes So Complicated?

Tax is simple in theory. The government keeps things in check, oversees regulations, and enforces the law. Since they don’t make money directly, a tax is added to the cost of goods, exchange of services, income received, etc. to pay …
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Common Ways New Businesses Waste (and Lose) Money

When starting a business, expenses can add up fast. Considering new businesses generally don’t have money to spare, this is a very serious issue. You need to make every dollar count. Unfortunately, many businesses don’t, and they suffer the consequences …
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Health Insurance and Taxes

If you go to any news website (or if you’re old school, open a newspaper), you’ll quickly see a lot of articles talking about healthcare and health insurance. It’s everywhere right now. While we’re not going to give our opinions …
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Posted by admin | in General Finances, Individual Tax | Leave a comment