As we move into 2025, the economic landscape is poised for significant changes, especially with the re-election of Donald Trump and his stance on BRICS tariffs. This article aims to dissect what these tariffs mean for the economy, small business owners, and the...
Mastering 2024 Taxes: W-9s, 1099s, and Year-End Accounting Tips
As the year winds down, Thanksgiving and holiday festivities are upon us. While this season is full of excitement, it’s also the perfect time to prepare for tax season. The hustle and bustle of the holidays may make it tempting to procrastinate, but taking action now...
How Trump’s Tax Policies Could Impact Your Business: Key Takeaways for Small Business Owners
The election is behind us, and as Donald Trump prepares to step back into office, one major question looms for small business owners: How will this affect our taxes? Regardless of where you stand politically, understanding the potential shifts in tax policies is...
How the Election Could Impact Your Taxes as a Business Owner
Every election cycle brings questions and concerns about potential tax policy changes, and this year is no different. For small business owners, understanding what lies ahead in terms of tax policy is crucial for planning and long-term financial health. Let’s dive...
10 Sales Tax Rule for Small Business Owners
Sales tax—just reading those words might make your head spin! If the rules around state sales taxes make you want to bury your head in a mountain of paperwork, you’re not alone. Many small business owners feel overwhelmed by sales tax laws, especially when selling...
The Power of Tax Advisory: How Phillips Business Group is Helping Small Businesses Save
When running a small business, managing taxes can often feel overwhelming. Many small business owners simply focus on meeting deadlines and filing their tax returns, unaware of the potential savings that could be achieved with a proactive tax strategy. Phillips...