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QuickBooks 2022 New Features: All You Need to Know
13Jun
QuickBooks 2022 New Features: All You Need to Know
QuickBooks is the 800-pound gorilla of accounting software with regular annual updates.  QuickBooks 2022 new features are out, and many of the new features have a big impact on businesses of all sizes. This guide lays out not just QuickBooks Enterprise 2022 new features but also QuickBooks Desktop 2022 new features.   Features Waiting for...
Difference Between a C-Corp and S-Corp
13Jun
Difference Between a C-Corp and S-Corp
Credit: Sean Pollock   When it comes down to it, looking at the difference between a C-Corp and S-Corp is a matter of structuring the business properly for tax purposes. Both business tax structures provide reduced personal liability, an important part of running a successful company. While there are other differences, the main difference between...
What Is a Virtual CFO (and Why Are Businesses Hiring Them)?
30May
What Is a Virtual CFO (and Why Are Businesses Hiring Them)?
Credit: Morgan Housel   More entrepanuers and business owners, amid an inflated economy and tight labor market, are searching for things like what are virtual CFO services, why hire a virtual CFO, and a timeless favorite, why you need a virtual CFO, so clear and concise answers to those questions become even more important. As...
Financial Decision Making Checklist
22Mar
Financial Decision Making Checklist
Credit: Adeolu Eletu   Making financial decisions can be difficult. There are so many things to consider, and it’s easy to get overwhelmed. That’s why it’s important to have a financial decision making checklist. This will help you organize your thoughts and make the best decisions for your finances. In this blog post, we will...
Classifying Employees vs. Independent Contractors
28Feb
Classifying Employees vs. Independent Contractors
Credit: Kelly Sikkema   Classifying employees correctly is important to optimizing your tax position while staying on the correct side of the law. Misclassifying employees could cost your company thousands in fines and unexpected back taxes. This article reviews why you might want to classify employees in certain ways and how to know if you...
2021 Tax Changes to Watch Out For
13Dec
2021 Tax Changes to Watch Out For
Credit: Kelly Sikkema   The year is wrapping up, and like a good business owner, you’re already preparing your books for tax season. This can be especially nerve wracking as business taxes constantly change from year to year. Here are 2021 tax changes to look out for.   Federal Tax Changes for 2021 The IRS...
What is Solar Tax Equity?
16Nov
What is Solar Tax Equity?
Solar panels are a great, environmentally friendly way to reduce your energy costs. There are many tax benefits to installing solar panels, some of which will be well in excess of your tax liability. However, a small business cash flow doesn’t have to be an obstacle to going green. For small businesses looking to go...
Tax Deductions Guide 2021
16Nov
Tax Deductions Guide 2021
Claiming deductions can save your company thousands of dollars in income taxes. However, if you’re claiming ineligible business expenses, you risk facing an audit. If the thought of filing your taxes is enough to make you sweat, you’re not alone.  The IRS announced a plan to increase audits for small businesses by 50% for the...
Tax & IRS Audit Help
4Nov
Tax & IRS Audit Help
Even if your books are perfectly accounted for, an IRS audit letter will fill anyone with a sense of dread. However, most businesses are unprepared and need IRS tax audit help. Having proper documentation of all your income and expenses is the easiest way to pass an audit. In this article, we will discuss what...
The R&D Tax Credit and Payroll-Tax Offset Swirl: It’s A Tax Treat for Qualified Small Businesses
21May
The R&D Tax Credit and Payroll-Tax Offset Swirl: It’s A Tax Treat for Qualified Small Businesses
Did you know your business could qualify for a ‘sweet’ tax credit. Does your startup or small business spend money on trial-and-error activities to create a new product or improve a process? If that sounds like your business, the R&D tax credit and the payroll tax offset should absolutely be part of your tax strategy....
Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business
20Apr
Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business
Delaware taxes may not seem great after considering what Nevada, Oregon, and Wyoming have to offer. Get expert tax advice.
Side Hustlers! Don’t Forget to Pay Your Small Business Taxes
31Mar
Side Hustlers! Don’t Forget to Pay Your Small Business Taxes
You may not have had time to check out all of the business expenses that your side hustle affords you. Skim our infographic of five small business deductions you shouldn’t miss.
Consider This Before Selling Your C-Corp Stock
29Mar
Consider This Before Selling Your C-Corp Stock
Are you looking to sell your c-corp stock? Check out these tips on how you may be able to save some serious cash.
Don’t Forget How Generous You Were Last Year and Miss Out on 2020 IRS Charitable Deductions
26Mar
Don’t Forget How Generous You Were Last Year and Miss Out on 2020 IRS Charitable Deductions
The CARES Act made changes to charitable deductions for 2020. Find out how the IRS is giving back to you for your generosity.
Make Sure You Know Your IRS Tax Deadlines for Filing Your 2020 Business Taxes in 2021
3Mar
Make Sure You Know Your IRS Tax Deadlines for Filing Your 2020 Business Taxes in 2021
Whether you file your business’s taxes yourself or you have help, making sure your tax returns are right and on time is a lot easier when you have a year-round reliable accounting team and have the right deadlines marked on your calendar. By outsourcing your business’s accounting and taxes with inDinero, you’re covered on both...