Every marketing agency needs a tax strategy and now is a great time to put one together. Your tax strategy sets the financial stage for the upcoming three to five years. This forecasts your business revenue and projected expenditures. As a result, you can better plan the best practices for the smart growth of your […] Read more “Building a Tax Strategy for Your Marketing Agency”
Category: Tax Planning
Marketing agencies are different from traditional brick and mortar businesses. In fact, agencies are unique from the way most companies do business (and tax planning). A few of these unique aspects include: Different products and services Unique expenses Various pricing models An unorthodox labor force Fluctuating profitability These attributes mean your tax planning situation (as […] Read more “Tax Planning Strategies for Marketing Agencies”
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”
Should you outsource accounting in your business? Running a small business is hard, admirable work. You have clients to help, employees to support and a vision to nurture and manifest. Most small business owners love these meaningful parts of their work. And the more time you can spend deep thinking, strategizing and navigating the twists […] Read more “Should You Outsource Accounting?”
The process in determining how to price your products or service can often make or break your company. Managing a startup’s financial health is a science. You have to learn to let data guide the finer points of your business, even when it goes against what your instincts might tell you. It takes time and […] Read more “How to Price Your Products and Services”
For most of you that have recently started a business, monitoring your costs is very important. Why spend money on office rent when you can work from home. Not only is your commute to work considerably shorter, but you may be entitled to a tax deduction. The following is a brief summary of the home […] Read more “Home Office Deduction Rules”
When you are living and breathing your start-up dream, when it seems like everything you do and every thought you have is about how to build and grow your company, it can be easy to lose focus on other things. You may not exercise as much as you should, eat poorly, or not spend as […] Read more “5 Personal Savings Tips for Start-Up Founders and Entrepreneurs”
Early stage and start-up companies can invest in crucial research and development activities while pocketing significant – and now permanent – tax credits to offset the costs of those investments. The PATH (“Protecting Americans from Tax Hikes”) Act of 2015 allows entrepreneurs to commit significant resources to innovation and receive huge tax benefits even if […] Read more “The PATH Act is a Great Step Forward for Start-Up R&D Costs”
If you’re new in business, we don’t have to remind you that securing investment is the name of the game. Luckily for our Illinois-based small business clients, there’s a helpful tax credit program, which you might qualify for, that makes investing in early-stage, innovative companies advantageous for investors. The impact for you (if your company […] Read more “Investor Tax Credit – Do You Qualify?”