Tax Saving Tips for Small Businesses

Tax Saving Tips for Small Businesses

Many small businesses are so engrossed in dealing with the daily functions of their businesses that they don’t ever give a thought to income tax until the filing deadline begins to loom. It often results in last minute stress filled attempts to get the receipts and other relevant documents in order. This could be avoided if you include a year … Read more

Posted in Money, Small Business University, Tax Center
Tagged in , | Comments Off

Self-Employment Tax Tips You Should Know

Self-Employment Tax Tips You Should Know

Being your own boss comes with a cost. You are responsible for record keeping and putting a good tax strategy in place. The IRS (Internal Revenue System) audits freelancers and independent contractors routinely because they are suspicious of self-employed people. The IRS keeps an eye on those self-employed individuals whose (a) business is incurring heavy losses year after year (b) … Read more

Posted in Small Business University, Tax Center
Tagged in , |