Understanding Your Potential Write-Offs

3 Bad Small Business Bookkeeping Habits To Avoid This Year

19 Jan

If you run your own business, keeping your books is vital to keeping your business running and afloat. Here are three bad bookkeeping habits that you should work hard to avoid this year. #1 Doing Your Books Yourself If you do not have financial training on how to do accounting, there is a good chance […]

The Real “Red Alerts” When It Comes To Getting Audited

22 Dec

For the most part, even a certified public accountant can’t tell you when you’re going to get audited. The Internal Revenue Service has an extraordinary wealth of data that is intended to alert them to potential red flags. But many of the things that people suspect could lead to an audit are actually completely harmless […]

Expats! Forgot To File Your Taxes Or FBAR Forms? You May Still Be Able To File And Avoid Penalties!

15 Nov

When you are living abroad, you have a lot to think about, whether you have moved to another country for business purposes or pleasure. Your taxes are likely furthest from your mind. Even though you are not currently living in the United States, you are still a US citizen, and as such, you still have […]

Three Reasons Why You Need To Hire A Professional Tax Preparation Company When Opening A Business

12 Oct

When you start your own business, it is important to make sure that you properly plan for your taxes. Understanding the tax codes as a private business can be difficult if you have not been properly trained. Fortunately, you can hire a professional business tax preparation company to make the planning easier. Below is a […]

Own a Business? Your Personal Tax Debt Can Impact Your Business

7 Sep

If you own your own business or are a partner in a business with others, your personal tax debt can affect your business if you fail to pay your taxes or own a significant amount of back taxes. Depending on the legal setup of your business, the IRS can seize both cash and assets from […]

Bookkeeping 101: 4 Beneficial Reasons To Hire A Pro

18 Jul

If you own a small business, you should definitely consider hiring a bookkeeping service. While you might not think it is in your budget, you can actually save a lot of money—and time—by delegating your financial tasks to a bookkeeper. In fact, there are many benefits to hiring a professional to complete your books. Here […]

You Need Professional Help! 3 Reasons To Hire A CPA To Do Your Taxes As A Freelancer

26 May

No clock to punch, no boss over your shoulder, no asking for days off–being a freelancer, whether it is a freelance writer, website designer, or otherwise, sure sounds like a dream come true. But when April rolls around and tax time hits, your life as a freelancer may seem anything but dreamy. Being in charge […]

Steps To Take If The IRS Has Audited Your Small Business

18 May

Every business owner has a fear in the back of their mind about getting that dreaded certified letter from the IRS or Internal Revenue Service. While it could be related to any tax question or concern, it could also contain an audit request. This means that an IRS agent is specifically honing in on your […]

3 Good Reasons To Hire A Small Business Accountant

4 May

Are you excited because you are getting ready to start your own small business? The most important aspect of running a small business is to keep track of the finances, which can be done more precisely with assistance from a professional accountant. Take a look at the information in this article for a list of […]

4 Accounting Tips To Keep In Mind As You Start An At-Home Retail Arbitrage Business

26 Apr

Retail arbitrage, the process of purchasing retail items at a discount and selling them online, can be a very lucrative business if you set everything up correctly. If you are in the process of setting up an at-home retail arbitrage business, you need to make sure that you have your accounting set up properly and […]

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