Tax mistakes can lead to hefty fines and penalties, but avoiding them is easier when you know what to watch for. Below are some of the most frequent small business tax mistakes and practical steps to steer clear of them. Mistakes happen, but they don’t have to cost...
If you own a small business, you’ll most likely need to file taxes. But where should you begin? Which forms should you gather and submit? How do you determine the right amount to pay in taxes? And what happens if you skip filing taxes altogether? Here’s a hint: it can...
It’s the height of summer, and many U.S. workers are gearing up for their July 4 vacations. While Independence Day is the perfect reason for a summer barbecue, it’s also a timely reminder to think about taxes — especially if you take a moment away from the pool to...
Running a family-owned business is an exciting and fulfilling endeavor, but it comes with the responsibility of managing business taxes effectively. Family businesses often have unique opportunities to save on taxes, but navigating the process can sometimes be tricky....
Freelancing offers flexibility and independence, but it can make tax season a bit more complex. The IRS views freelancers as self-employed individuals, meaning you’ll need to file your taxes as if you’re running your own business. While this allows you to take...
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