Archives for August 2018

Managing a business can be a time consuming and challenging affair, particularly if you take care of all aspects of it yourself, such as payroll and bookkeeping. Depending on how your business is operating, finances may be stretched, and you may think there are insufficient funds for outsourcing any elements of the company, or you may simply prefer to run them yourself. However, for your business to be a success,… Read More

Tax planning is a vital element of any business and involves delving into various tax options to see if it’s possible to eliminate or reduce, taxes owed by conducting business and personal transactions in a certain way. While some small business owners are reluctant to get too involved in tax planning, and simply wait until they are due to meet with their accountant, it’s important to understand that the whole… Read More

The best advice anyone can give you with respect to small business taxes, is to keep them in mind throughout the year, and not just at tax time. Don’t let your receipts, invoices and other financial paperwork be stacked up in a disorganized manner; keep track of them as they come in  nd file them accordingly, this will make life much easier for you and/or your tax professional when it… Read More

When you are the sole proprietor of a business, whether large or small, you need to pay extra attention to your taxes and incurring costly penalties for mistakes or inadequate data, is always a possibility if you don’t engage with a tax preparer. Here is some advice to keep in mind if you’re looking for a professional tax preparer to help keep you on the right side of the IRS:… Read More