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Small Business Tax Prep

How to Reduce Taxable Income with a Section 179 Deduction

Section 179 deductions are advantageous to take as a small business owner because they offer…

2 years ago

When are W2s Sent Out This Year? What About 1099s?

At the beginning of each calendar year, employers must provide annual income statements to employees…

2 years ago

What is Depreciation and How to Calculate Depreciation Expense?

What is depreciation? For small business owners, knowing the depreciation definition and how to calculate…

2 years ago

Understanding the nanny tax: What it is and how it applies to you

Working arrangements are often more casual or flexible when working as a nanny or caregiver…

2 years ago

2022 Inflation Reduction Act tax credits: What small business owners need to know in 2024

In August 2022, the Inflation Reduction Act, a new piece of legislation addressing some of…

2 years ago

Section 179 Vehicles: Does my vehicle qualify for the Section 179 Deduction in 2024?

Many small business owners are pleased to learn that a vehicle they purchased for use…

2 years ago

Debunking common small business tax myths

As an aspiring entrepreneur or small business owner, understanding the complexities of taxes is crucial…

2 years ago

Understanding taxes for home caregivers

Working in somebody else’s home as a caregiver or hiring a caregiver to take care…

2 years ago

LLC tax return: How does LLC tax filing work?

If you're the owner of a Limited Liability Company (LLC) or considering setting up your…

2 years ago

Estimated tax due dates: When are quarterly tax payments due for small business owners?

Quick tip: If you’re a small business owner, grab a calendar and mark your estimated…

2 years ago