Getting to Know the Basics of Tax Efficiency
The word ‘tax’ has a strange effect on people. Some find it boring; others find it confusing, and many find it scary. Yet knowing the basics of tax is essential for your business to run smoothly and efficiently and be fully compliant. As a business owner, it’s your...
Is Your Pastime a Hobby or a Business? 11 Factors to Consider
What do you do with your downtime? Most of us have a pastime, whether it’s baking, home maintenance, or crafting. But how do you know if it’s a hobby or a business? And does it matter? The thing about a business versus a hobby is that with a business you have...
8 Reasons the IRS Might Audit Your Business
An IRS Audit: How to Avoid the Red Flags Although the chances of an audit are rare, the fact is tax audits are a fairly routine business for the IRS. That said, audits can be especially scary for small business owners. After all, there are certainly horror stories in...
How Much Will Small Businesses Pay in Taxes in 2022?
Small Business Tax Rates for 2022 Explained The I.R.S. recently announced a new tax rule for small business owners related to the 2021 American Rescue Plan Act. And as a result, any payment your business receives from a digital service or third party that accepts...
What Are the Four Major Business Growth Strategies?
Business Growth Strategies: Boost Your Profitability & Improve Your Business’s Long-Term Value Every business faces the existential threat of competitors. Many small businesses don’t make it to the ten-year mark. For this reason, you have to be strategic from the...
Income Tax Brackets for 2021-2022
Income Tax Brackets—How is Your Income Tax Calculated? The United States operates under a progressive tax system that imposes a higher tax rate on taxpayers who have higher incomes. Generally, you’ll pay more tax as you move up the pay scale, which is accomplished by...
How a Business Advisory Benefits Your Business Development Strategy
Business Development Strategy: Boost Your Performance & Optimize Your Processes Having a business development strategy is critical to the growth and success of your business. It’s a process that ensures everyone in your company is working toward a common...
Why You Need a Business Advisory Plan with a Trusted Advisor
5 Reasons You Need a Business Advisory Plan A business advisory plan is key in a dynamic business environment. Regulations and technology change much faster, creating new opportunities and challenges. Today, global competition continues to increase, forcing business...
