Many employees see the value in company stock, especially recently. The average worker participation rate in employee stock purchase plans rose to 28% from January 2020 to March 2021. And purchasing stocks isn’t employees’ only option. Many companies offer their team members a chance to earn vested stock, whether it’s through meeting certain commitments or staying with […] Read more “What is The 83(b) Form and Why is it Important?”
Category: Business taxes
Poor tax planning is something that often proves costly for startup companies. When every dollar makes a difference in determining whether or not your startup is a success — you certainly don’t want to pay Uncle Sam any more than you owe. Unfortunately, several startup tax myths still abound. This article looks at the six […] Read more “6 Common Startup Tax Planning Myths”
Tax season is here and that means you want to make sure that your business is meeting its tax obligations. One of the most important parts of the tax obligations is the business tax due dates. You want to make sure that you are on top of these tax deadlines so that your business does not […] Read more “Business Tax Due Dates Coming up for Startups and Companies- Presented by FounderTax.com”
The headache of sorting through receipts, having your boss hound you for every penny you spent on the road and dealing with frustrating tax laws is something all of us can relate to. These days, there is an app for anything. Expensify is the app that can solve these problems for your business! In this […] Read more “How to Use Expensify to Make Tracking Your Expenses a Breeze”
Business owners know the challenges of running a business. Your business has lots of expenses and keeping track of them isn’t easy. Keeping track of expenses can make or break a company. So, having a top of the line expense tracking program is a must. Expensify can help you manage business expenses and more. Keep […] Read more “A Better Corporate Credit Card: An Expensify Review”
Tax season is upon us. It’s time to gather mountains of paperwork in hopes of making the April deadline. If you’re filing your taxes yourself, take extra precaution to make sure you get the maximum refund you’re due and avoid owing more than your fair share. Use this guide to learn how to file a 1099 if […] Read more “How to File a 1099: 5 Things You Need to Know Before You File”
When you’re a business founder, you have to learn the ropes quickly. You have to stay agile with your money and make use of every dollar, especially when Tax Day rolls around. What if we said you could get a tax benefit on your stock options? You can through an 83b election. Here’s what it […] Read more “83b Election – How it Works and How to Get Started”
This is an important area for business owners and one that the IRS continues to focus on to make sure that companies are following the rules. Are you properly classifying your workers? Below is the 20 factors test that the IRS uses to determine whether a worker is an employee or an independent contractor. These […] Read more “Is your worker an employee or a contractor?”
Business owners seeking financing have options from conventional loans to using credit cards. Each option carries pros and cons, making one wonder which is best for their operations. Have you considered a Small Business Administration loan? An SBA loan offers a great option due to its flexible terms and low-interest rates. Interested? Keep reading, this […] Read more “Guide to SBA Loans: How they Work and How to Get Them”
You just started a business, congrats! As with most start-ups, you have incurred a lot of costs and are wondering whether you can deduct any of these costs on your taxes. Here are the rules: There are two types of costs associated with starting a business: start-up costs and organizational costs. The IRS defines start-up […] Read more “The Start-Up Cost Deduction”
It has been said that marriage is a partnership. Sometimes, however, marriage can be a sole proprietorship, or a joint venture, or an LLC. Many married couples decide to go beyond the metaphorical business of marriage and go into actual business together. As with any other company, those established and managed by spouses can take […] Read more “I Now Pronounce You a Qualified Joint Venture: Tax Options for Spouses as Business Partners”
Everything that’s changed for Meals and Entertainment tax deductions from the 2018 Tax Reform Bill The Tax Cuts and Jobs Act (the “Act”) recently had its first birthday. Whether you see that as a reason to celebrate or an unwelcome reminder, there is little question that the law’s multitude of changes to the tax code […] Read more “Tax Deduction Changes for Business Meals and Entertainment: The Fine Line Between Food and Fun”