Category: Small Business Tax
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New 2024 Reporting Requirement for Businesses
File the BOI Report Before December 31, 2024 or Face Fines As part of the Corporate Transparency Act that was passed by Congress in 2021, a new requirement for many businesses has emerged. Before December 31, 2024 corporations, LLCs, partnerships, and single-member LLCs registered in any state, will need to submit a special report to…
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Finish the Year Strong
As a small business owner and individual taxpayer here are end of year financial, business and tax strategies and tasks to consider
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Tik Tok Advice: Hire Your Child for Tax Savings?
Can you hire your child so they earn tax-free income and reduce your business’ taxable income?
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Do I Need to Pay Estimated Taxes to the IRS?
Failing to pay estimated taxes on time leaves you and your business vulnerable to penalties and interest charged by the IRS.