Tax season is here, and as a small business owner, you might be wondering which tax return to file. It can be a daunting task for some small business owners, but it is an essential part of running a successful business.
Independent contractors are considered self-employed, and are subject to the self-employment tax. Social media influencers and creators also fall under this category.
If you do not pay your tax due on time, you pay a penalty. Understanding Tax Penalties will help you be prepared for what’s next to come every tax season!
Starting a business has become easy and convenient in the United States.
Dealing with tax obligations is complex and can be confusing. That is why the more you understand about it, the better you feel and will have more opportunities to improve…
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Every small business person should plan to become conversant with the contents of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Act is perhaps the largest in…
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Many small business people regularly engage with their CPA firm to prepare a tax projection for the upcoming year, which requires familiarity with various tax and financial planning measures. The…
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Provisions of Section 274 of the IRS Code, which presents the rules for deductible Business Meals went under the wrecking ball in the process of drafting of the Tax Cuts…
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Tax Relief for (Big) Capital Gains Just when it looked like Congress needed something to do while the government was shut down, they found the time to put some closure…
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Who Can Benefit from Section 199A 20% Deduction? Most Americans realize that Congress passed a Tax Cuts and Jobs Act (so-called Tax Reform) effective for 2018. It is also well…
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