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If you own a small business, you need an accountant. Sure, you’ve been filing your taxes using one of those online tax services, but a digital solution can only take you so far. An accountant—a real accountant—is an important part of your small business team. That’s always true, but it’s especially important when dealing with …
Why You Need an Accountant even if You Do Your Own TaxesRead More
Yes, I know you’re busy with the holidays in your small business. But you’ve only got a few more days to make the most of 2019. In the waning days of December, you can take a few steps to reduce your taxes, improve your retirement, and feel more secure as you enter 2020. 1. Spend …
Six Steps To Take Before The End Of The Year In Your Small BusinessRead More
In my USA Today column in November 2009—10 years ago—I proposed a new idea: a tax credit for small businesses who hire their very first employee. Throughout the last decade, I’ve repeatedly advocated this “first employee tax credit,” and now Senator Ron Wyden (D-Oregon) has introduced such legislation. “What this bill is all about is …
My CPA emailed me Friday night, letting me know the taxes I’ll have to pay on my small business income. Gulp—those number are high! (Note to CPAs—wait til Monday to clobber small business clients with bad news…let us enjoy our weekends.) Is it because I had a banner year? Nope, my income was down. How …
In your small business, it’s almost time for you to tear the December 2017 page of your calendar off the wall. Before you do, there are three last-minute, year-end steps you can take to improve your small business bottom line for 2017. For advice on year-end financial tips, I turned to three of the leading …
Do These 3 Things in Your Small Biz Before Year EndRead More
If you’re a small business owner hoping to get a tax cut under proposed Republican tax reform, pay close attention. While there will be a few small business winners, most small business owners will see no benefit, and you might be one of the many small business losers. While both the House and Senate bills …
Donald Trump says he wants to lower your business taxes, but if you own a small business, is he likely to keep that promise? Trump and the Republican leadership are expected to propose new tax plans soon, hoping to lower a bunch of taxes: corporate, personal, and capital gains taxes. Trump repeatedly pledged to lower …
In the aftermath of two huge hurricanes and over 100 immense wildfires in the Western US, as a small business advocate, I can no longer be silent on an issue threatening small business owners—climate change. Climate change is real. It’s disastrous. It’s getting worse. And it’s a danger to small businesses, including yours. Although I was …
The good news: your small business made money in 2016. The bad news: you’ve got to file and pay income taxes. For those of us who run small businesses or are self-employed, this can be a much more daunting task than for those who simply get a W2. You want to take every deduction you …
The 6 Worst Things You Can Do on Your Small Biz TaxesRead More
