There is nothing wrong with any business trying to lawfully maximize their profits by reducing their tax liability. However, when they attempt to pay less tax than they are supposed to, then other taxpayers have to cover the shortfall, leading to a lot of suffering for all taxpayers. This is the …
Taxes Articles and Interviews (tag)
How to Effectively Manage Your Business’s Finances
In many cases, a small business' success is built on skills associated with making a product or providing a service, not necessarily skill in managing finances. If you don't have much experience with handling your business’ finances, it can sometimes feel like a tedious chore, but not tending to …
5 Ways to Manage Your Tax Bills
Timely management of your tax bills is essential to avoid burgeoning tax debt and the interest and tax penalties that the IRS will impose on you. By managing your bills, you will be able to side-step future offsets to pay your tax debts, and if you're trying to obtain a loan, you won't face …
4 Business Finance Mistakes That Are Killing Your Profit Margins (and How to Solve Them)
According to Forbes, around 20% of small businesses collapse within their first year. The author notes something you’ve probably thought about as well: this number seems quite low. Twenty percent is a small figure in the grand scheme of things, especially when you consider the trials a small …
5 Misconceptions About Business Tax Deductions
Tax season is just around the corner and if you run your own business, you’d better get prepared. Business taxes can get complicated and there are a lot of misconceptions going around that make them seem like a non-issue. The fact is that the government has very strict tax regulations that don’t …
7 Ways to Kill Your Home Based Business
Whenever someone asks what I do for a living and I tell them that I work from home as a freelance writer, the response is generally somewhere along the lines of: “Wow! That must be nice to work from home. I wish I could do that!” While I agree that there are a lot of perks to having a home based …
