Are you thinking of starting a business in The Lone Star State? One of the first steps you have to take is choosing your business structure. You might structure your business as a limited liability company (LLC) for liability protection and pass-through taxation. But getting your LLC up and running takes time, effort, and a […]
Read More How to Start an LLC in Texas: Getting Your Limited Liability Company Up and RunningAccounting Articles
Accounting Tips, Training, and News
February 21, 2024
Do You Need a Business Tax Attorney? (When to Hire One)
There might come a time when you need to hire a business tax attorney. An experienced business tax attorney can help you structure your company, dispute legal challenges involving taxes, and more.
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February 15, 2024
Tax Tips for NEW Small Business Owners (Must Read)
Accountants, business owners, and individuals aren’t safe from tax-time stress. One in four Americans say tax season is so stressful and complicated that they procrastinate filing. So whether it’s your first or 31st time filing taxes as a business owner, there are ways to simplify the process. You need a cheatsheet of small business tax […]
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February 7, 2024
“SOS! Do I Need to Prepare a 1099 for Credit Card Payments I Make to Contractors?”
Paying a contractor to perform work for your business comes with a little disclaimer: reporting said payments on Form 1099-NEC. But what if you pay your contractor using a credit card? Do you have to prepare a 1099 for credit card payments?
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February 6, 2024
Types of Business Structures
As a small business owner, one of the first decisions you make is deciding between the different types of business structures. But, choosing between business structures can be intimidating and confusing. Before you decide what business structure type to use for your small business, understand your options.
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January 25, 2024
How to Start a Small Business: The Only Guide You Need [+ Checklist]
You have a million-dollar business idea. And after weeks, months, or even years of thinking about it, you decide to make your idea a reality. Do you know how to start a small business?
Read More How to Start a Small Business: The Only Guide You Need [+ Checklist]
December 21, 2023
Knock, Knock? Who’s There? The Colorado Delivery Fee
If you have a business in Colorado that delivers or ships products to customers within the state, you may be responsible for the Colorado delivery fee.
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December 18, 2023
Deductible Business Mileage: What Drives Are Tax-deductible?
If you’re a small business owner, you can deduct your mileage on taxes as a business expense. But, make sure you’re following the rules about what drives you can deduct. Here’s what every small business owner should know about deductible business mileage.
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December 18, 2023
Business Use of Vehicle: Drive Your Way to Tax Savings
How often do you drive to meet a client or your accountant? Do you frequently make bank runs for your business? Depending on your business use of vehicle, you may qualify for a nice-sized tax deduction.
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December 18, 2023
9 Self-employment Tax Deductions You Should Be Taking
If you are self-employed, you might be overwhelmed by the expenses you have, including your self-employment tax liabilities. However, you can claim self-employment tax deductions to reduce the amount you owe in taxes. See how you can take advantage of self-employed tax relief below.
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