Since the time businesses began having to report employee and contractor wages to the IRS and SSA, filing has been a bit of a hassle. Let us paint you a picture here. In the beginning, business owners would have to order W-2/1099 forms and software from a catalog (using a fax machine. Oh the horror).
Having just reached the start of November, tax season may still be the furthest thing from your mind. The truth is, it shouldn’t be. As a small business owner, taxes and specifically, the forms associated with them, are crucial to have on your radar all year long. Equally as important is having a comprehensive understanding
Top Reasons to Ask the IRS for a Tax Extension While it may seem simple, becoming a small business owner is anything but. From long hours to making very little money your first couple of years, running a small business can be complicated and overwhelming at times. One of those times comes around once
Top 4 Little Tax Mistakes that Will Cost You Big for Your Small Business There isn’t a small business owner on the planet that doesn’t dread tax season. They figure that waiting until the last minute is the best idea, because, number one, they don’t want to think about it, and number two, nothing is
Tips for Filing Your Taxes for the Very First Time You’re fresh out of school and actually working for the very first time. The end of the year is here, and suddenly you are faced with filing your taxes for the very first time in your young life. Don’t worry about being intimidated by
The Pros and Cons of Filing Taxes Online In today’s modern world, you no longer have to head to your local tax office and wait forever for an agent to file your taxes for you. Today, you can simply get online and with a few keystrokes and the click of a mouse, file your
Time Management Tips for Small Businesses If you are just starting out in your small business, then you already know that you are going to have to wear many hats, work long hours, and refrain from pulling out your own hair at times. What many small business owners don’t realize is that effective time
Top Tips for Hiring for Your Small Business When you start your own small business, many times you don’t think of things such as filing your taxes at the end of the year or even the best way to hire a few people once that business grows enough for you to need some help.
In your small business, if you have gotten to the point where you are able to hire a few employees, you want to be just and fair with them from the beginning. However, according to recent reports, many small business owners are breaking employment laws without even realizing they are breaking them. One of
Tips for Setting Up a Simple Accounting System for your Small Business When it comes to running a small business, the simplest things can seem to be the hardest to get done. The one thing you don’t want to do is get behind on your bookkeeping. Getting behind on your accounting can really come