Did you know that the U.S. tax code is around 70,000 pages long? No wonder, as a small business owner understanding your tax obligations can be overwhelming. Unfortunately, tax reduction cannot be achieved overnight, which is why you need a…
Too many to-do’s, and the lack of expertise to get it all done could leave you feeling helpless. As your business is growing, simple tasks are increasing in complexity. As you go through this phase, it becomes clear that you…
In a few weeks, you can put some money back into your business. This comes down to how you file your taxes. To bring down your taxable income, here are three approaches you can use. Auto Expenses Are you using…
‘The payment shall be made next week.’ ‘The check is in the mail.’ These are statements you likely hear when you are following up on a past-due invoice. Invoice deadlines are significant for any small business owner. They enable you…
60 books a year! According to a recent survey by Fast Company, that is the number of books the average CEO reads in a year. The voracious need to read comes from CEOs consistently being eager to learn so that…
It is the beginning of the year, and the ideal time to prepare your annual budget. Budgeting is an excellent way to understand your business and set up a structure for overseeing your operations. With a comprehensive budget, you will…
As the new year kicks off, it’s time to mark your calendars for essential tax dates in 2022. Here are some notable dates for the first quarter. January 31st, 2022 Form 1099 – NEC This form is necessary if you…
New Year’s greetings! Before you dive into your financial strategy for 2022, tie up any loose ends you may have from 2021. These may include small actions overlooked towards the end of the year which could impact your finances in…
It is the end of 2021, and for business owners, a chance to take a well-deserved break. The mind of a business owner is always in action, thinking up innovative ideas and strategies to drive the business forward. Thus, even…
As the year draws to a close, it is the ideal time to do all your checks and balances for retirement planning. Have you made all the required contributions towards your employees’ retirement plan this year? Are you on track…
