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That Call Isn’t the IRS: How to Spot a Tax Scam Before It Costs You.
Lately, several of us at AdminBooks have been getting the same unsettling phone call. A confident voice says they are from “American Tax Advisors,” there is a time-sensitive problem with a balance or an unfiled return, and you need to… -
Filing a Tax Extension? What Small Business Owners Must Do Before April 15
An extension buys you time to file. It doesn’t buy you time to pay. Mixing those two up is what turns a routine form into a penalty. Current this quarter The IRS underpayment interest rate ticked back up to 7%… -
Can You File Personal and Business Taxes Together?
Should you file your business and personal taxes together? It is one of the most common questions owners ask at tax time, and the honest answer is that it depends entirely on how your business is structured. Some business types… -
Estimated Quarterly Tax Payments Guide for Schedule C Business Owners
If you’re self-employed, taxes don’t automatically come out of your income. There’s no employer withholding a portion from every paycheck, which means it’s on you to pay the IRS throughout the year instead of all at once in April. That… -
When Should You Switch From an LLC to an S-Corp for Tax Savings?
For many business owners, the S-Corp conversation starts with confusion and pressure. A friend mentions it. A Facebook group swears by it. An article makes it sound like the obvious next step. But what no one explains is when an… -
How The One Big Beautiful Bill Impacts You And Your Business
The One Big Beautiful Bill introduces tax changes that begin affecting returns filed in 2026. While the bill includes many provisions, several directly impact business owners, especially those with employees, contractors, rental income, or higher overall income. This article focuses… -
Common Myths About Audits
Navigating an IRS audit can feel intimidating, but the truth is much simpler, and far less scary, than most people think. When you understand what the IRS actually looks for and how audits really work, you can move forward with… -
IRS Safe Harbor Rule: The Smart Way To Handle Quarterly Taxes
Ever feel like dealing with the IRS is a game of “guess the number”? It usually plays out like this: IRS: You owe us taxes.You: Okay… how much?IRS: That’s for you to figure out.You: So if I just send what… -
The Hidden Costs Of Having One Person Do Your Bookkeeping And Taxes
Many small business owners try to save money by having one person handle both their bookkeeping and taxes. On the surface, it sounds convenient—just one point of contact, one person to “handle it all.” But in reality, this choice can… -
BOI Update: Supreme Court Reinstates BOI Reporting
The U.S. Supreme Court has reinstated the enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements. This decision reverses the 5th Circuit Court of Appeals’ Dec. 26 stay, which had temporarily halted the mandate…. -
Ready for the Deadline? What You Need to Know About 1099s
The new year is here, and with it comes an important deadline for business owners: January 31, 2025. If you’ve paid independent contractors, service providers, or freelancers $600 or more in 2024, you may need to file a 1099 form for them…. -
Understanding Tax Liabilities on Investments for Your Grandchildren
Most business owners didn’t start their business so they could agonize over how to pay themselves. They started it to do the work they love, serve their clients, and build something of their own. But here’s the truth: how you…
