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Tax Professional: Small Biz Necessity
As a small business owner or an S Corporation owner, navigating the complex tax laws can be overwhelming. However, with the help of a tax professional, you can save money on your federal income taxes while staying compliant with IRS rules. In this blog post, we'll...
7 Mistakes to Avoid Heading into New Year
7 Mistakes to Avoid Heading into New Year: As we head into the new year, many of us are focused on setting goals and making plans for the coming year. But for business owners, it's important to take a moment and reflect on how they can set themselves up for...
Align Your Tax Strategy with Annual Planning
An annual plan provides structure and direction for your business and employees. It helps you set goals, track progress, and ensure you are on track to achieve your objectives. It involves looking back at the year that was and...
Distinguishing Tax Prep from Tax Planning
The most successful business owners have a clear understanding of the difference between tax planning and tax prep. Both types of financial management are valuable to companies of any size. Over time, the implementation of these two concepts is often the...
10 Overlooked Tax Deduction Strategies
Despite various “tax simplification” pushes in congress over the years, the truth is that the U.S. tax code is an extremely complex system. As a result, many small business owners may be missing out on business tax saving strategies they are eligible for but don’t...
7 Common Tax Mistakes for Entrepreneurs
7 Common Tax Mistakes for Entrepreneurs: Have you ever made one of the seven common mistakes on your taxes? If you have, you know it’s not a great feeling. Your heart probably sank and you began questioning what it means for your business. If you’ve never had this...
How to Avoid Capital Gains Tax on a Business Sale
A business sale can become quite complicated depending on the type of business structure. When selling a business, this usually involves the disposal of various assets. As such, selling your business may result in capital gains tax. You can minimize, defer, or...