At some point, most small business owners needs financing or other lending institution to borrow money. Understanding what your bank wants, and how to properly approach them, can mean the difference between getting your money for expansion and having to scrape through finding cash from other sources. 5 Myths on Business Financing AZ Unfortunately, many […]
Small Business Financing AZ: Securing a Loan Read More »
Many businesses hire part-time or full-time workers, especially in the summer. These types of employees are referred to as seasonal employees, which the IRS defines as an employee who performs labor or services on a seasonal basis (i.e., six months or less). Examples of this kind of work include retail workers employed exclusively during holiday
Seasonal Employees and Taxes Read More »
If you’re thinking about hiring new employees this this year you won’t want to miss out on tax and Payroll tax deduction breaks available to businesses with employees. 1. Payroll Tax Deduction for Startups As part of the Research & Development Tax Credit, for tax years 2016 and beyond, startup businesses (C-corps and S-corps) with
Top 6 Tax Breaks for Businesses Hiring New Employees Read More »
Crowdfunding websites such as Kickstarter, GoFundMe, Indiegogo, and Lending Club have become increasingly popular for both individual fundraising and small business owners looking for start-up capital or funding for creative ventures. The upside is that it’s often possible to raise the cash you need, but the downside is that the IRS might consider that money
Tax Implications of Crowdfunding Read More »
Tax Tips Rent Share If taxpayers use one of the many online platforms to rent a spare bedroom, provide car rides or a number of other goods or services, they may be part of what is called the sharing economy. Here are several key points taxpayers should know about the sharing economy: 1. Taxes. Sharing
Tax Tips for the Sharing Economy Read More »
Giving is a major part of life, and most of us look forward to the opportunity to share a portion of our treasure with loved ones and organizations that reflect our values. While the primary purpose of giving is to enrich the lives of others, there are certain tax advantages we can receive as well.
How To Give With Purpose Read More »
Spring is here, and with it comes the idea of new beginnings. This is the time of year when temperatures warm up and we look forward to our summer vacations. It is also the time when we do our spring-cleaning; getting rid of some of the stuff we no longer want or need. This year
4 Ways to Clean Up Your Finances Read More »
This month, millions of Americans will be getting tax refunds back from the IRS. Some will receive a few hundred dollars while others may get several thousand. For many taxpayers, their refund is the largest lump sum they will receive all year. With a big sum of money that is outside your regular monthly income,
Don’t Be a Fool with your Tax Refund Read More »
There are many ways to reduce your tax liability and the way to minimize your tax burden is by reducing your taxable income. There are a number of ways to accomplish this, from deferring income to maximizing your IRA/401K contributions. However, one of the best ways to improve your tax situation going into the filing
End of Year Tax Deduction Before the Clock Strikes 12 Read More »
Complying with generally accepting accounting principles (GAAP) is becoming increasingly challenging for private entities. But this year, the Financial Accounting Standards Board (FASB) has released two updates that allow alternative reporting methods in cases involving goodwill following a merger and interest rate swaps. Mergers and Acquisitions: How to Account for Goodwill During the acquisition of
Financial Accounting Standards Board (FASB) Releases Critical GAAP Updates Read More »
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