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”
Category: Business taxes
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”
When you take a new job as an employee, there is usually a bunch of paperwork to complete to get you set up and settled in. This includes your W-4 tax form, which determines how much your new employer will withhold from each paycheck. If you don’t know or don’t recall what your W-4 says […] Read more “New Tax Benefits Are in the Eye of the Withholder: Make Sure Your W-4 is Correct”
A small business guide to fringe benefits taxes A healthy workforce can significantly contribute to the health of a company’s bottom line. The prospect of increased productivity and decreased healthcare costs provides an incentive for employers to do what they can to promote their employees’ well-being. For many businesses, doing so involves wellness programs that […] Read more “Keeping Your Company’s Wellness Program in Good Tax Shape”
If there existed a place called “The Museum of the American Workplace,” the typewriters, fax machines, and other relics would likely be accompanied by an exhibit of traditional defined-benefit pension plans. Once a bedrock of employer-based retirement savings, traditional pension plans have been under siege and disappearing from the American workforce for decades, replaced by […] Read more “Cash-Balance Plans Can Help Small Business Owners Boost Savings”