Taxes

Running Your Business: Do You Know What You Don’t Know?

With school back in session, students of all ages are learning new things—and discovering how much they don’t know in the process. Whether you’re an aspiring entrepreneur or long-time business owner, one thing is certain: like the kids who are back to school, you always have room to learn and grow. As I’ve learned and grown as a business owner, one of my favorite phrases has become, “You don’t know what you don’t know.” How true, right? It’s far too easy to fool ourselves into thinking we really know all there is to know. But the truth is [...]

Paying Small Business Taxes: Three Options to Consider

If you’re like most small business owners, you groan when April rolls around. You know you have a hefty tax bill waiting for you, and it’s one you despise paying. What’s your plan for paying that tax bill? Did you know you had options? Let’s look at three smart ways you can get your taxes paid with minimum stress or fees.

2018-02-23T09:48:08+00:00 April 15th, 2015|Categories: Ongoing Management and Protection|Tags: , |

Starting a Business? You Can’t Deduct All Your Startup Costs Up Front

When first-time entrepreneurs begin the process of starting a business, they sometimes throw caution to the wind when it comes to investing in that business, because they assume they can write off all of their business expenses. Those entrepreneurs are in for a serious shakeup, because that’s not explicitly true. There are some rules about what and when you can deduct as it relates to startup costs. Take notes, folks. This is important.

2017-11-21T04:15:06+00:00 April 8th, 2015|Categories: Startup and Launch|Tags: |

8 Top Secret Tax Tips the IRS Doesn’t Want You to Know About

When it comes to filing your small business taxes, it can seem overly complex. After all, what qualifies as a deduction? Are you filing as the proper status? Don’t let tax season overwhelm you. Believe it or not, the IRS isn’t out to get you, but they do want you to play by the rules. These tips will help you alleviate the stress you feel this time of year and help you maximize your refund.

2017-12-20T10:21:31+00:00 April 8th, 2014|Categories: Ongoing Management and Protection|Tags: , , , , |

Can Startups and Small Businesses Turn Summer Vacation into a Tax Deduction?

As the summer heats up, vacation season kicks into full swing. Employees with office jobs enjoy all those traditional perks like paid vacation days, while time-pressed, cost-conscious startups, small business owners, and contractors are left wondering how to get that much needed time off without jeopardizing their business and clients.

2018-06-13T06:32:44+00:00 August 19th, 2013|Categories: Ongoing Management and Protection|Tags: , |

March 15 is the Deadline for Electing S Corp Status for Existing Corporations

Here's CorpNet's latest press release about the March 15 deadline to elect S Corp status. For a corporation filing taxes, March 15 is a critical tax deadline. But for a small business owner who has incorporated a business as a C Corporation or a Limited Liability Company (LLC), March 15 is also an important deadline, as it’s the last day to elect S Corporation status for the 2013 tax year.

2018-02-23T07:34:45+00:00 March 12th, 2013|Categories: Events & Announcements|Tags: , , |

How to Manage Your Finances When You’re Running the Show

Ask any small business owner or self-employed person to name their least favorite tasks, and bookkeeping, money management, and paying taxes will all make the list. While these chores may not be popular, they’re absolutely critical.