IRS Offers ‘How-To’ Guide for Audits of LLCs, Small Businesses
Filling tax returns is something that millions of small business owners do every year. And every year, a number of these business owners must deal with the possibility of an IRS audit.
Filling tax returns is something that millions of small business owners do every year. And every year, a number of these business owners must deal with the possibility of an IRS audit.
We live in a global economy, so when a global crisis — like a pandemic — hits, the repercussions are felt in every corner of our world. For business owners, especially those who operate...
Starting a limited liability company (LLC) or other type of business involves a lot of planning. Before you officially kick off your company, you need to have a solid idea about the revenue and sales...
The financial health of your business is essential to your success, and having an accurate financial statement for your company can make all the difference. Manage your finances carefully and you can...
As a small business owner, you not only need to make sure your financial transactions are accurate and up to date, but that you’re properly strategizing for the growth and success of your business....
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According to the U.S. Small Business Administration, 30.7 million small...
If you’ve recently formed your small business as an LLC with an S Corporation, congrats! You can now enjoy the tax benefits that come with having a pass-through business entity, along with the legal...
Starting a business is exciting, complex and fraught with countless decisions before you make your first sale. One important choice is where to set up your business bank account and what kinds of...
Accounting mistakes happen. That’s just the reality of it. However, for many small business owners and solopreneurs who just started their very first LLC, they simply don’t know any better. This...
As a freelancer, you'll need to be sure to set aside a percentage of your business revenue for taxes. And while paying self-employment and estimated taxes when you freelance are a given, the exact...