Many businesses and individuals file for an extension on their taxes. While there are plenty of reasons to need an extension, it does NOT mean you get extra time to pay taxes owed. What does this mean? It means you … Read More
You own an RV and decide to rent it out for some extra cash. How do you deal with taxes? Let’s dive into understanding the section 179 deduction on your RV rental. First, it’s important to separate the different types … Read More
Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older LLC that hasn’t been formally dissolved? Whatever the … Read More
With the freedom of being a small business owner comes the responsibility of navigating sales tax. If you’re confused over sales tax, you’re not alone! Collecting and paying sales tax is one of the more complicated aspects of running a … Read More
If you’re like many people, the word “taxes” gets your belly in knots! Even if you’re good with numbers and stay on top of things, it can be hard to understand all the different aspects to taxes. That’s not even … Read More
Thinking about starting a small business to help you earn income and use your skills? New business owners have tax related things to do before launching any company. Here are the 6 things to know about taxes and starting a … Read More
Employee or independent contractor? This is a common question among full-time travelers who work on the road. What’s the difference between employee and independent contractor and how does it affect your tax obligations? Let’s get to it, so you can … Read More
If you own a business, it’s a must to understand the tax side of the business. Maybe you’ve heard of the advantages of registering your business in a no income tax state. In fact, you may have found companies offering … Read More
As with most things in business and life in general, it’s all about the basics, right? Well, here are the basics. If you already know them, but aren’t implementing them, it’s time to start. If you’re just getting started, it’s … Read More
Tracking revenue and getting paid with accounting software is a piece of cake, right? But what about finding your business’ bottom line… and calculating what you owe Uncle Sam? In a small business, maximizing your tax deductions is critical to … Read More
