Managing payroll for a growing small business can be a financial nightmare. Not only does it take you away from the important work you do best for your company, but it’s also easy to make mistakes. Compliance and accuracy are critical when it comes to payroll taxes because the government is very unforgiving. The IRS […]
Ugh! It’s summer and the kids are out of school. For many business owners with school-aged children the summer months can be a challenging time. The demands of your business continue to be 24/7, while simultaneously you want to spend quality time with your children. How do you balance these conflicting demands? Why not hire […]
Caught up in the frenzy of March Madness? Don’t forget it’s also tax season. The filing deadline is just around the corner, and while you can’t escape paying Uncle Sam, you can make sure you don’t pay more than legally required. However, because the tax laws change every year, knowing what you can and can’t write off is confusing to say the least. Some business owners miss perfectly legitimate deductions while others get creative and take more than they should resulting in potential problems down the road.
Tax time is stressful for small business owners particularly in light of our complex and changing tax law. Unless you’re a tax expert, it’s difficult to keep up with all the rules and regulations. While small business owners know you can’t get out of paying Uncle Sam, no one wants to pay more than legally required. However, some business owners may get a little too creative when it comes to taking tax deductions.
Imagine getting an email from the IRS regarding a problem with your personal or business taxes. Definitely could add a little stress to your life to say the least. Well, don’t be alarmed or fooled by these official looking emails. Scammers are using the IRS logo to send official looking emails to you to try to get you to respond. In reality, it’s a scam known as “phishing.” The cyber criminals attempt to trick you into revealing your personal and financial information, and then they use this information to commit identity theft or steal your money.