An estimated16 million Americans were self-employed in 2021. Quarterly tax planning comes with self-employment, freelancing, contracting, or owning a small business. But what should you know about quarterly taxes if you’ve never paid them before? How do you pay quarterly … Continued
Did you know that, due to the fallout of the pandemic, 57% of Americans paid no federal income taxes? If only filing your taxes was that easy every year! The last thing anyone wants to do on their own is … Continued
There are 32.5 million businesses in the United States. Many of these businesses pay more when filing taxes because they don’t understand how to use tax planning to minimize payments. One way to minimize the amount you owe is to … Continued
Did you know that more than 20 percent of large corporations paid little or zero tax on their income? They’re reducing their taxes by taking advantage of deductions and tax benefits. If your business is growing quickly, it can be … Continued
No matter what stage of growth your business is in, tax planning is essential to setting your company up for success. For many businesses, the idea of taxes can become stressful and overwhelming even if you’ve been a part of … Continued
The United States government continues to issue tax relief legislation and other policies to help individuals and businesses. However, the pandemic and its tax implications always find ways to affect your business tax liability. So how has the pandemic changed … Continued
When it comes to inflation, businesses need to prepare for this possibility because if they do not keep up with it, they can see their business go under. This is especially true heading into 2022 because the U.S. inflation rate … Continued
Sales of electric vehicles surged by almost 60% in the third quarter of 2021. If you’ve purchased an electric vehicle in the last year, you could benefit from the EV tax credit. However, figuring out how much of a credit … Continued
You might have heard that taxes are one of the only two things in life that are completely certain. If you’ve ever seen what happens when you do not tax compliant, you know how valuable it is to stay compliant … Continued
For the last several years, tax compliance has been a hot-button issue, with many states making sweeping changes to their tax laws. Sales and use taxes are no exception, and compliance can become challenging. For this reason, it’s a good … Continued