Tag Archives: small business taxes

Top Small Businesses Tax Tips for 2016

The time to prepare for small business taxes is long before tax day arrives in April.  The beginning of the year is a busy time— hopefully you’ve managed saved time by setting up automatic payments for key business needs like small business insurance. Although you may be busy with hectic business tasks and other responsibilities, […]

3 Tips to Help Small Business Owners Calculate Payroll Taxes

Its time to bring out that tax calculator. It may not be fun, but calculating taxes and withholding for employees is a critical task for all small business owners. Both withholdings and taxes are dependent upon several factors  including (but not limited to) marital status, and allowances. For employers, underpaid tax liabilities can equate to […]

3 steps to ensure your small business passes an IRS audit

Follow these steps to ensure your small business passes an IRS audit. First, what is an IRS audit? An audit is an accounting procedure in which the IRS examines your financial records to verify that you filed the return in question accurately. If you have your paperwork and receipts (or access to them) and can […]

Could the Marketplace Fairness Act Affect Your Small Business?

The Marketplace Fairness Act (MFA) would force companies to collect an online sales tax. Internet-based businesses are wondering how the Marketplace Fairness Act may affect them. The Act may well be on its way to being the law of the land. It has already been passed by the Senate. MFA will require Internet-based businesses to collect state […]

No Credentials? The IRS Says No Problem

The IRS just suspended rules requiring tax preparers to be IRS approved. What exactly does this mean for companies and individuals using tax preparers, and for tax preparers themselves? Taxes are an important aspect of running a small business and the last thing any company, or individual, wants is to be audited. So, if the […]