Filing Taxes as an S Corp: The DIY Guide
Filing taxes as an S Corporation can be a very effective way to lower your self-employment taxes and could save you thousands a year (if you make over $70,000 a year, that is).
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The Incfile Blog
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Business Tax Basics: What Every Business Owner Wishes They Knew About LLC Taxes
One of the best reasons to incorporate your business as a limited liability company (LLC) is to be able to take advantage of the possible tax benefits. Forming an LLC is an important step to make...
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10 Ways a Side Hustle or Side Income Can Impact Your Taxes
Millions of Americans have a side hustle in addition to their full-time work. Whether it involves a hobby or dabbling in what may become a full-blown business, side hustles are a great way to earn...
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Does Your Small Business Need an Accounting Software or Accounting Services? + 5 Best Accounting Services for All Business Types
As businesses grow, their financial requirements increase — and with that come challenges that are often too great for the likes of a basic financial ledger. When this occurs in your business, there...
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How to DIY Small Business Accounting for Startups
There are numerous engaging and fulfilling tasks that a new small business owner must take on in pursuit of their dream, but for most, accounting — unless you're an accountant, of course — just isn't...
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What Tax Forms Do I Need to File as an LLC?
When tax season comes around, many business owners have a lot of questions.
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8 Tax Savings Hacks Small Business Owners Often Miss
Small businesses often run on tight margins. You’ll need to pay self-employment, plus federal and state taxes on any profit you make. If you own a limited liability company (LLC), there are several...
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How to Pay Yourself as a Sole Proprietor
It’s a very exciting time. You’ve just gone into business for yourself, made a sale and earned your first profits. Now, you need to get at your money, but you have a few questions. How do you pay...
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Tax Avoidance vs. Evasion: Are You Unknowingly Committing Either?
"They can't collect legal taxes from illegal money." These rather boastful words are those of the notorious Chicago gangster, Al Capone — before the IRS caught up with him in 1931 and he was...
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5 Non-Negotiable Considerations in Finding the Right Accountant for Your Small Business
You've got a thriving small business on your hands. You're providing a service to your consumers, and they're thanking you with the one thing that every business needs to succeed — revenue. Your...
