25-36 of 124 results
-
8 Reasons Why You Should Consider Filing an Extension
Tax season can be a challenging time for small business owners. The pressure to meet tax deadlines, ensure accurate financial reporting, and navigate complex tax laws can feel overwhelming. However, filing a tax extension is a valuable option that can… -
Cash vs Accrual Accounting: Choosing the Right Method for Your Business
One of the first bookkeeping decisions you make is also one of the quietest: whether to keep your books on a cash or accrual basis. It rarely feels urgent, but it shapes what your financial statements actually tell you and… -
Outsourcing Accounting Work: Exploring the Pros and Cons
As businesses seek to optimize their operations and focus on core competencies, outsourcing non-core functions has become increasingly popular. Accounting, a crucial aspect of business management, is no exception. As with most things, there are pros and cons of outsourcing… -
Maintaining Financial Health: Why Business Owners Shouldn’t Fear Filing Extensions
Tax season can be a source of stress for business owners, with multiple responsibilities and deadlines to manage. One option that often causes apprehension is filing an extension for business taxes. However, it’s important to dispel any fears and recognize… -
The IRS “Dirty Dozen” – Top Tax Scams of 2023
With this year’s tax season coming to an end, the IRS has recently released the top twelve scams noticed in 2023, the “Dirty Dozen.” Scams come in all shapes and sizes. These days, there just seems to be a ton… -
Keys to Success as an Independent Contractor
Independent work isn’t a side gig anymore. It’s how millions of people build a career, and it comes with its own rules for staying ahead financially. 72.9M independent workers in the U.S. in 2025, according to MBO Partners’ State of… -
Taxes and Uncollectible Debt
There are few things as frustrating as not being paid what is owed to you. If it becomes clear the debt is not going to be paid, you might be able to recoup some of the lost money via a… -
Late-breaking IRS Change
In a last minute about face, the IRS is rolling back the requirement for third-party payment providers to issue 1099-Ks for anyone receiving payments over $600 in 2022. They are moving the reporting requirement back to $20,000 in activity and… -
How to Handle All of Those Forms
Your mailbox has started filling up with tax forms over the last several weeks and there are likely more to come. Getting your forms organized makes your tax filing easier for everyone involved. Here are some tips on how to… -
The Triple Tax: How Lottery Winnings Really Get Taxed
Every time a jackpot climbs into the headlines, the number on the billboard looks life changing. What almost no one mentions is how little of it actually reaches the winner. Look closely and the lottery is one of the most… -
Should You Expense or Depreciate Your Capital Asset?
If you own a business, you know that you may accelerate the expensing of qualified capital purchases. This can be done within two special provisions in the tax code: Section 179 The annual amount of qualified assets that may be…
