For many business owners, tax time feels like a big interruption to normal business operations. Imagine that you’re driving down the road and you’re pull over. Being pulled over increases your travel time, and it will take you a few minutes to get back on the road and up to speed …
Taxes Articles and Interviews (tag)
5 Ways to Sink Your New Small Business
No one starts a business just to fail. Yet, if you look at data provided by the Bureau of Labor Statistics regarding new business survival rates, you quickly realize that your probability of staying open continues to decline over time, with the sharpest drops occurring within the first three …
The Need For Professional Tax Planners For Small Business
TaxSlayer performed a Tax IQ survey for tax preparation attitudes and perceived tax preparation abilities by Americans, and some interesting results came out of it. 28% of individuals would rather go without a cell phone or car for a week instead of having to face the task of tax preparation. 53% …
5 Things First-time Entrepreneurs Need to Know About Startup Finances
In theory, a sustainable business is one that makes more money than it spends. The problem with this oversimplified view lies in the fact that it assumes that you start from zero. This is not the case with most startups that have to get in debt to even launch. Aside from this, the ways in which you …
The Benefits of Using Electric Vehicles as Company Cars
Company cars are an expensive investment, but they’re also a perk that’s highly valued by key members of the team. If you’re thinking about providing employees with a vehicle through your company then it’s important that you think carefully about the most tax-efficient and cost-effective way to do …
How to Use Business Write-Offs to Your Advantage
With April 15th just passing, it’s a great reminder that, as small business owners, we need all of the tax advantages we can get if we want to raise our bottom line. And while I’m more than happy to pay my fair share to Uncle Sam, I also don’t want to pay more than I have to. So the question is: …
