Structuring your business as a corporation comes with benefits like limited liability and increased access to capital. It also comes with its own unique small business tax return, Form 1120. Do you know how to fill out Form 1120?
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Rachel Blakely-Gray
IRS Notice 2023-13 and SITCA: What Service Industry Employers Need to Know
Have you heard about the Service Industry Tip Compliance Agreement program, otherwise known as SITCA?
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SOC Codes and Mandatory Reporting: Does Your State Want Worker Classification Data?
“What’s your occupation?” Everybody gets this question: at the doctor’s office, when opening a new bank account, etc. People are curious. They want to know what it is exactly you do for a living. And if you’re an employer, the government wants to know what your employees do, too. To find out, federal and state […]
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Leasing a Commercial Space? Here’s What to Know
Maybe you started out running your business from your home or garage. Or, maybe you’re getting ready to launch a new business. Whatever the case may be, there might come a time when you need to rent an office, retail space, or warehouse. And if you do, you need to know the ins and outs […]
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When Is Busy Season for Accountants, Plus 5 Tips on Surviving
Late nights, long hours, and lots of coffee. Sound familiar? If you’re an accounting professional, this may happen to you throughout the year. But, there are a few times in particular when the work days get longer. Cue busy season. So, when is busy season for accountants? And, how can you survive it without burning […]
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Receipts for Taxes and Your Business: What Do You Need to Hang Onto?
Tax season might be once a year, but preparing for tax season is a year-round process. To back up your tax deduction claims, you need to keep business receipts. But, what kind of receipts for taxes do you need? And which small business receipts can you pitch?
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Arizona Paid Sick Leave: Accrual Rate and Beyond
Do you need to give your employees paid sick leave? Several states have laws requiring it, including Arizona. If you’re an Arizona employer, you need to know your sick time responsibilities to stay compliant. So, are you ready to brush up on Arizona paid sick leave?
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What to Do When Your Business Runs Out of Money: Effective Strategies
Cash flow problems happen, often. It’s why 82% of small businesses fail. But if you have issues with your cash flow, you’re not doomed to close up shop. Instead, it’s like coming to a fork in the road. Turn right to power through, or turn left to call it quits. To get out of the […]
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Not Another How-to! Client Communication Tips You Haven’t Heard a Million Times
You want to build a relationship with each and every one of your accounting clients. To do that, you need strong client communication. But when you’re juggling dozens or even hundreds of clients, effective communication is easier said than done.
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Tax Planning Strategies to Get Tax Time Ready
Tax season sneaks up fast. For many business owners (and individual tax filers!), it’s an overwhelming whirlwind. At the end of it, you may vow to prepare better for next year. And then … whoops! It’s next year already. Kick procrastination and stress to the curb with these tried-and-true tax planning strategies.
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