The end of the financial year (EOFY) is an important time for your business. It's a time to reflect on your successes and failures over the last 12 months and to set goals for the coming year. It's also a time to review your expenses and ensure you're up-to-date with...
We are just 2 months away from the new year, and you've likely started planning for 2023. Have you thought about how your business fared in 2022 and what steps you need to take to ensure a successful year in 2023? Like in all spheres of life, it is important to...
All good things must come to an end. On December 31, 2022, one of the best tax deductions ever for businesses will end: 100 percent bonus depreciation. If you're like most small business owners, you want to maximize your tax deductions prior to the end of the year....
According to the IRS, taxpayers have the right to only pay the amount of tax legally due, including penalties and interests. However, so many businesses end up overpaying their taxes because of simple mistakes or misunderstandings of the tax laws. That's sad, but it’s...
Are you certain you're not making tax planning mistakes in your business? As an entrepreneur, you often have to wear many hats and juggle many balls. You must manage your team, focus on your product or service, and find new ways to grow your business. It's no wonder...
Many small business owners consider tax planning the business equivalent of a root canal. They know it's both necessary and important to do a tax checkup, but they're not particularly eager to do it. Given those feelings, which are certainly understandable, it's easy...
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