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Blog

How to Explain Paycheck Withholdings, Deductions & Contributions to Your Employees

July 19, 2018,

42% of all employees say taxes and deductions on their paycheck are confusing to read and understand. Here’s how to help employees understand their paycheck withholdings, deductions and contributions.

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Blog

Why 36 Percent of Entrepreneurs Aren’t Filing Taxes

June 21, 2018,

36 percent of self-employed workers do not pay taxes. Why? How can these entrepreneurs avoid being audited?

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Blog

S Corporation vs. C Corporation: Which Entity is Best for Your Small Business?

June 7, 2018,

What’s the difference between an S Corporation and a C Corporation? Read this blog to learn whether an S Corp or C Corp is the best fit for your small business.

tax deductions
Blog

What are the Qualified Business Deductions Under the Tax Cuts and Jobs Act?

April 11, 2018,

The Tax Cuts and Jobs Act (TCJA) created a new 20% deduction for pass-through entities. Though the IRS has not fully interpreted the new rules—which won’t go into effect until the 2019 tax season—many of the implications are clear. Many are not.

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Blog

Pass-Through Entities Under the Tax Cuts and Jobs Act

April 4, 2018,

The passage of the Tax Cuts and Jobs Act (TCJA) brought renewed focus upon pass-through entities (PTEs). In spite of their widespread popularity, PTEs are commonly misunderstood. While thought of primarily as small businesses with few employees that generate a fraction of overall business profits, the truth about PTEs tells a very different story.

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Blog

Why Small Business Owners Should Track Their Mileage

March 15, 2018,

The IRS lets you deduct some of the costs of using a personal vehicle for business purposes. Just like you can deduct the cost of business expenses such as marketing, you can also deduct your business mileage. But make sure you’re following the rules or else you may face that dreaded IRS audit.

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Blog

2 Important Tax Changes for Small Businesses in 2018

January 22, 2018,

Congress recently passed the “Tax Cuts and Jobs Act” which impacts both individuals and businesses. Learn what are the two important changes in 2018 that will affect every business owner in the United States.

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Blog

What Every Entrepreneur Should Know About Travel & Entertainment Deductions

January 18, 2018

For many entrepreneurs, travel and entertainment (T&E) tax deductions can be a minefield. Certain expenses for business travel are deductible as long as they meet two criteria: They must be “ordinary and necessary” in the course of doing business, and they must be documented.

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Blog

The 3 Things Keeping Small Business Owners Up at Night

January 16, 2018,

Small business owners heading into 2018 have a lot to be happy about — but they've also got some major concerns about the continued success of their businesses, including taxes, cash flow, and technology.

stressed business man
Blog

Your Business Owes Back Taxes; Now What?

January 11, 2018

Back taxes can have serious consequences for a small business. They accrue interest and penalties, so your tax debt can quickly snowball. The IRS will hold any tax refund your business is entitled to until the past-due taxes are paid.

affordable care act
Blog

ACA Reporting Requirements Still in Effect for 2018

January 10, 2018,

Although the ongoing efforts of Congress to repeal the Affordable Care Act (ACA) has cast doubt on the controversial law’s future, the IRS’ stance is clear. At the close of 2017, the Affordable Care Act still stands – and the IRS has sophisticated support systems in place to fully enforce it.

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