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Seven Small Business Accounting Mistakes and How To Avoid Them

If you’re a small business owner, your plate is full with managing the day-to-day operations. You have to remember though, that if you’re a business owner your motivating factor – at the end of the day – is to have a balance sheet that isn’t in the red, right? While it’s true that to be successful you need to focus on your core competencies, you also need to keep an eye on the bottom line. For many entrepreneurs, it’s simply easier to contract out their bookkeeping and accounting to a qualified professional.

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7 Reasons to Visit the IRS Website

Whether you’re searching for individual tax related information or a business owner in need of answers, the IRS website (irs.gov) offers a variety of information. If you can believe it, the site is fairly user-friendly with tabs for everything from tax forms to filing guides to identity theft prevention tips. In fact there is so

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What is the difference between an Independent Contractor and an Employee?

As a business owner it is important to understand how employees are classified. Whether classified as an employee or contractor, you have responsibilities to the IRS and state. At times the line between the two can seem blurry but not to the IRS which is why we recommend consulting with BASC Expertise. The last thing we want is for you to end up owing money or other penalties.

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Understanding the Impact of Economic Changes

In today’s uncertain economic times it is important to understand the impact of life events as they relate to business, jobs, debt and taxes. The IRS provides a near overwhelming amount of information on a variety of topics

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Tips to Finding a Suitable Tax Preparation Professional

When it comes to having your taxes prepared it is best to take your time and look for a tax preparation professional, such as BASC Expertise, who will still be around after April 15 rolls around. Remember you have until April 18, 2011 to file your taxes.

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Tax Return: Preparation Tips for your Arizona Tax Return

It’s getting to be crunch time for small business owners in Arizona when it comes time to filing tax returns. This year, tax returns have to be filed with the IRS on April 18 because the 15th falls on a Friday. Even though April may seem a long way off, a rushed tax return can cost you thousands of lost dollars.

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Tracking work-at-home expenses: Tips for the Entrepreneur

Whether you’ve decided to open your own business or your boss has offered you the opportunity to work from home as an independent contractor, there are many tax advantages of which you may not be aware – valid business expenses that you can use to reduce your taxable income.

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