Is a sole proprietorship right for me?

Before deciding which business structure works best for you, consider these three things about a sole proprietorship.

Do I Need Quickbooks?

Quickbooks is an excellent software for bookkeeping which works for any size business. The software allows you to do several things, from create custom invoices to track income and expenses.

If you are a small business in need of accounting software, there aren’t any better options than Quickbooks.

3 Things you Should be doing with your Tax Refund

By now most people that are receiving a tax refund have already gotten it. Now the question is, “What do I do with it.”

Sure, there are many options when it comes to spending money. You are being rewarded for overpaying your taxes for the year, why not reward yourself. Spending the money frivolously can feel great at the time, but may not work out in the long term.

Do I Want to Receive a Tax Refund?

With tax time coming to an end, people are starting to receive their refunds, or a bill for what they owe. Many people hold the assumption that they should be getting a refund, and even look forward to it. In actuality, getting a tax refund may not be the most beneficial scenario for you.

In a perfect world, you would not receive a tax refund nor would you owe anything to the government – you would break even. Many people tend to look forward to receiving a large sum back from the government each year, but that really means that you have essentially been loaning money to the U.S. without receiving any interest in return.

Is it time to get a Payroll Service?

For many entrepreneurs, having employees is a blessing and a curse, especially when you are paying them! Here are 3 benefits to using a payroll service.

Employees or Independent Contractors?

More and more new business owners are utilizing independent contractors instead of hiring employees. Sure, there are many benefits of independent contractors, i.e. no benefits, less tax liability, no equipment cost, but knowing what works well for your business is essential to choosing the right type.

3 Common Business Costs You’re Forgetting to Deduct

Knowing what you can and cannot deduct can be the difference between owing thousands of dollars to the IRS or keeping that money in your bank account. There are many business-related items that can be deducted, and while many of these items are pretty obvious for small business owners, there are others that are often overlooked.

Here are three common deductions you may be forgetting about!

Getting Ready for Tax Time? Here are 3 Things you Need to Know

Are you dragging your feet when it comes to preparing your tax filings? It doesn’t need to be a stressful time. From startups to established businesses, everyone is liable. Partnering with a local CPA will guide you through the ins and outs of taxes, but here are a few guidelines to remember along the way.