These 5 Reasons May Convince You To Hire An Accountant To Do Your Tax

Understanding tax laws can be overwhelming for individuals. But small business owners might find it’s worth the cost of hiring an accountant to do their taxes — and not just because they save time or because there’s so much paperwork that filing on their own would be impossible without help. There are many good reasons […]

9 Things to Consider When Filing Your 2020 Tax Return

It is that time of the year again. Tax season has rolled around, and you find yourself wondering what took all year to prepare your tax return. Overwhelmed by all the numbers, calculations, and crazy deductions you can take, you may have forgotten the little things that will help ensure your taxes are filed with […]

What Are the Laws Against Not Paying Employees?

Employee rights are a hot topic, and rightfully so. With the increasing number of people working on contract or part-time jobs instead of full-time, it’s important to know what your rights are as an employee. This post is intended to educate you about the laws against not paying employees – so that if you’re being […]

Do You Have to File Taxes If You Didn’t Earn Any Income?

If you are not making much money, you might be able to avoid filing a tax return. The Internal Revenue Service doesn’t require you to file a federal income tax return if you didn’t earn any money during the previous year. Additionally, not everyone needs to file taxes even if they did earn some money […]

When is the best time to start a small business?

Starting your own business can be one of the most rewarding experiences you’ll ever have. But it also requires plenty of hard work and determination. So you need to make sure that any time spent working on your business is worthwhile, as you could jeopardize your new venture if you don’t do it right from […]

10 Strategies You Can Use To Help When Your Workload is Overbearing

#1. Decline New Clients for a While. As your business grows, there is a tendency to take on too much work or not be able to service current clients adequately. This is an excellent time to pause and reflect on your workload to cut down extra work you are taking on and creating space for […]

Buy an existing business or franchise

One way to simplify new businesses is by buying an existing franchise or business. With franchising, you have a ready-made business system in place. However, buying an existing business or franchise offers the advantage of working with a proven product and concept that has already been developed. In most cases, it is best to buy […]

Tax Considerations When Selling Your Small Business in 2021

The sale of a small to medium-sized business is a complex venture. Even when you’re aware of the tax consequences, it can be difficult understanding all the factors at play. If you’re thinking about selling your business, the first step is to consult a competent tax professional. Tax consequences for selling a small business can […]