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Lowering your tax liability is a primary aim of business owners. Did you know there are qualified expenses you can deduct from your taxes? This guide shows you some of the most common business tax deductions. Which Expenses Can I Deduct? You can claim deductions on...
If you are an independent contractor, have your own business, or do not have federal income taxes withheld from your earnings, you’ll need to estimate tax payments. Our guide gives you insight into calculating your taxes, the deadlines to file, and more. How Do I...
If your small business staff includes hired employees, your financial responsibilities will include adjusting their paychecks for income tax withholding. In Arizona, there are multiple options for state withholding percentages, and as with most tax laws, things can get complicated. The purpose of this...
Taxes can be confusing, even for established business owners. The more your company grows, the more complex the process becomes. If you’ve got questions about your returns, your first instinct may be to call the Internal Revenue Service. How do you speak to a...
Running a small business successfully requires that you know where you stand financially at any point in time. You need to have solid projections for future expenses and income, and you need a clear picture of how much available cash you have on hand....
When you run a small business, you are probably doing most of the work yourself. That includes the administrative work of keeping track of invoices, payments, and other financial transactions. Online accounting software, such as QuickBooks, can help reduce some of the stress involved...
Starting a small business involves a number of steps. One of those is determining the legal structure of your business. Even if you have been operating your business for a while as a sole proprietorship, you may decide you want a different structure as...
When you are starting a business, choosing the most appropriate legal structure for your needs can be an important step. You may have questions about what a limited liability company (LLC) is as well as how to start an LLC. LLC Structure A limited liability company...
Your business operations depend on your ability to know where you are and where you are going. That means that you need a solid record keeping system and perhaps some professional bookkeeping assistance to ensure you are on the right track. Performing a bookkeeping...
As a small business owner, you have a lot of financial considerations every day. Some of those are related to your tax status and how your operations affect your employees and their paychecks. If you have formed an S-corporation, there are specific rules and...
