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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...
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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...
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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...
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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...
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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...
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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....
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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.
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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.
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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.
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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...
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Start Me Up: What You Need to Know About Business Startup Costs
18Dec
Start Me Up: What You Need to Know About Business Startup Costs
Do you know what period your business is in? Find out if your business is in startup mode or active trade and what it means for your taxes and expenses.
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Year-End, Capital Gains Tax and Iffy Choices
14Dec
Year-End, Capital Gains Tax and Iffy Choices
To help you learn a little more about capital gains and what you should be thinking about at year-end, here's a breakdown of definitions and taxation.
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Paying Less Taxes Can be Like Totally Bonus
16Nov
Paying Less Taxes Can be Like Totally Bonus
Was your business profitable in 2020? Do you expect a large income tax bill? If so, this blog is for you!
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Secrets of a Home Office Tax Deduction Revealed
4Nov
Secrets of a Home Office Tax Deduction Revealed
2020 has introduced millions to remote work—does that mean you or your employees qualify for a home office deduction? See who and how to qualify this year.
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5 Doubts About Payroll Tax Holiday You Need to Clarify
17Aug
5 Doubts About Payroll Tax Holiday You Need to Clarify
There are things to love or hate about the latest executive order of a payroll tax holiday, such as: Eligible employees love the extra cash in their pockets that would ordinarily go to the government to spend or to save. Though as it stands now, that extra cash would need to be repaid at the end of the period…
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