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Topic: Taxes

4 Summer Tasks to Prep Your Business for a Stellar Year

Ah… summer, the time for barbecues, the beach, concerts, and books. While I’m sure that new John Grisham novel is calling your name, you know what’s screaming it? Your business’s books. That’s right, summer is a great time to evaluate how your business is performing and take care of some of those unsexy tasks that just need to get done. So, when summer hits each year, trigger these 4 to-dos.

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10 Crucial Tax Write-Offs Your Business Can’t Overlook

May 23, 2017 / by Michael Burdick

For many business owners, taxes are a burden to be brushed aside until the last minute. The recent corporate and personal tax return deadline was undoubtedly accompanied by plenty of anger, stress, and headaches on the part of business owners and tax preparers alike.

Almost three-fourths of small business owners say federal taxes significantly affect their day-to-day operations, but most of those business professionals know relatively little about the tax world. Tax code is so complex — the federal tax code is about 75,000 pages — that people devote their entire careers to understanding the intricate details of the system.

It might be too late to fix this year’s tax woes, but it’s never too early to start planning for next year.

Read the full article here on Tweak Your Biz.

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A Taxing Endeavor: 3 Tips to Take the Stress Out of Tax Season

Apr 17, 2017 / by Michael Burdick

This blog also appeared on SMB CEO, which provides resources and knowledge for the small business CEO.

Benjamin Franklin famously quipped that only two things are certain in life: death and taxes. Given that inevitability, it might seem surprising that so many business owners struggle during tax season.

Entrepreneurs are typically so focused on growing their companies’ products and services that taxes become an afterthought. Most people don’t think about taxes until the last minute, so they’re not ready when it’s time to file. This ends up making the process more stressful than it needs to be.

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Tags: Accounting, Taxes