No matter how small your company is, you have to file taxes. But, your small business tax preparation cost can be more expensive than you might think. How much does small business tax preparation cost?
Read More How Much Does Small Business Tax Preparation Cost?
Running your small business isn’t cheap. And securing financing to run your business isn’t cheap, either. Taking out business loans can weigh you down with high interest rates. To help offset this expense, you might be able to claim a business loan interest tax deduction. Not all interest expenses are tax deductible. To claim this […]
Read More Claim the Business Loan Interest Tax Deduction to Decrease Your Tax Liability
In this digital era, it may seem surprising that there is an option to file a paper tax return. But before you kick the idea of paper filing to the curb, consider the advantages and disadvantages of e-File vs. paper file below.
Read More E-File vs. Paper File: The Advantages and Disadvantages to Consider
If you find yourself tossing receipts left and right, you may want to think again. As a small business owner, keeping receipts is essential for your financial records. And not being able to locate a receipt can be problematic for your business. You need to know how long to keep business receipts to avoid complications […]
Read More How Long to Keep Business Receipts
As a business owner, you might be eligible for various types of deductions. If you own a small business or are self-employed, one deduction you might qualify for is the pass-through deduction. Read on to learn all about the pass-through deduction, including whether or not you’re eligible for it and how to claim it.
Read More Does Your Business Qualify for a 20% Pass-through Deduction?
Corporations have different rules and responsibilities than other business structures. And if you own a corporation or are a shareholder of one, you should know what double taxation is. Unlike other types of business structures, corporations are subject to double taxes. Read on to get the answer to what is double taxation and quiz yourself […]
Read More What Is Double Taxation, and How Does it Impact Your Small Business?
Almost everybody in the majority of states pays sales taxes at the time of purchase. And yes, this includes business owners shopping for their ventures. But if you purchase and resell goods to your customers, you may consider applying for a resale certificate. Eligible businesses use resale certificates to get out of paying sales tax […]
Read More Resale Certificate, the Get Out of Tax Free Card
Many businesses need to collect sales tax from customers. But before you can start collecting it, you must obtain a sales tax permit with the state. Find out how to apply for a seller’s permit by state to keep things legal.
Read More License to Sell: Your Guide to Applying for a Sales Tax Permit
As a business owner, you have likely heard of the term sales tax before. Heck, you might have even heard about sales tax nexus before. But, have you heard of economic nexus? If you have in-person or online sales, it’s time to listen up and learn about economic nexus. Read on to learn what is […]
Read More What Is Economic Nexus, and Does it Impact Your Business?
Like any business, you need up-to-date accounting records if you run a farm, ranch, or related operation. But, some aspects of agricultural accounting, like livestock and land, are specific to farming businesses.
Read More The Ultimate Guide to Agricultural Accounting: Mastering Your Farm’s Finances