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Get Charitable this #GivingTuesday—and Get Tax Deductions!
22Nov
Get Charitable this #GivingTuesday—and Get Tax Deductions!
No doubt about it, the holiday season is officially underway, with #BlackFriday, #SmallBusinessSaturday, and #CyberMonday raking in billions of dollars for businesses.
Why to Incorporate in Delaware and How it Impacts Taxes
16Nov
Why to Incorporate in Delaware and How it Impacts Taxes
It’s not just small businesses either. In fact, over 60% of Fortune 500 companies are incorporated there. This may seem bizarre, but it’s definitely no accident: Delaware has been consciously choosing to be the ideal home for businesses as far back as 1899.
What Startups Should Know About Schedule K-1s Before Filing Taxes
13Nov
What Startups Should Know About Schedule K-1s Before Filing Taxes
I recently overheard a casual conversation between two of my friends from inDinero’s tax team in the breakroom.
13 Business Expenses You Definitely Cannot Deduct
27Oct
13 Business Expenses You Definitely Cannot Deduct
There are many ways for businesses to lower their tax liability with deductions and credits that set off taxes directly with qualifying expenses—you’ll find 92 potential tax deductions in this article. Typically, tax law requires deductible business expenses to be ordinary (common and accepted in your trade or business) and necessary (helpful and appropriate for your trade or business).
Missed Your Tax Deadline? Here’s What You Can Do
13Oct
Missed Your Tax Deadline? Here’s What You Can Do
There are an infinite number of reasons why a business may not be able to file their taxes on time. Between demo days, investor meetings, and late-night team strategy sessions, the bookkeeping and tax prep for an early stage company can often fall by the wayside.
What Bay Area Tax Hikes in 2017 Mean for Startups
29Sep
What Bay Area Tax Hikes in 2017 Mean for Startups
When tax rates rise, small businesses feel the brunt of the impact, but they also pass along increased costs to consumers
What to do if You Commingle Personal and Business Funds
10Aug
What to do if You Commingle Personal and Business Funds
One of the most common problems we see from startup founders who are first moving away from DIY accounting is a wide range of “personal transactions” being made with the business accounts.
Move Over April, Why July is a “Sales Tax Perfect Storm”
7Jul
Move Over April, Why July is a “Sales Tax Perfect Storm”
Business owners are often surprised to hear that January and July are the two busiest sales tax months. Most Americans think “tax deadline,” and their minds immediately jump to the March and April income tax deadlines.
The Entrepreneur’s Checklist for Small Business Tax Compliance
17Feb
The Entrepreneur’s Checklist for Small Business Tax Compliance
Do you file your business’s taxes yourself? If so, you’re in the minority.
Should You File a Business Tax Extension This Year?
3Feb
Should You File a Business Tax Extension This Year?
A new year brings exciting changes and resolutions in your personal and professional life, which can make for an overwhelming first quarter. With the six-month tax extension, you can take on new initiatives without letting existing responsibilities slip out of your control
How to Get the Most Out of Your Business Tax Extension
1Feb
How to Get the Most Out of Your Business Tax Extension
When you’re a writer, sometimes you have writer’s block. In fact, if you’ve ever written an essay back when you were in school, you might be familiar with the concept.
What You Can Do Now to Save Time & Money on Your Business Taxes
29Nov
What You Can Do Now to Save Time & Money on Your Business Taxes
We know small business owners work long hours, so that’s about two workweeks that nearly a quarter of you aren’t growing your businesses, meeting with customers, or guiding your employees.
Pay Business Taxes on Time—Even If You File for an Extension
21Nov
Pay Business Taxes on Time—Even If You File for an Extension
We talk a lot about tax deductions and credits on this blog. From home offices to bonuses to charitable tax deductions, there are so many ways to help our clients save on taxes! So it can be easy to forget that so many small businesses overpay each year just because they miss their tax deadlines.
Get Business Taxes Right the First Time & Tips for New Entrepreneurs
14Nov
Get Business Taxes Right the First Time & Tips for New Entrepreneurs
A quick intro from the editor: Steve Kornreich heads inDinero’s NYC-based consulting team that serves entrepreneurs east of Chicago.
Get Small Business Working Capital Over the Holidays
28Oct
Get Small Business Working Capital Over the Holidays
It’s hard to believe, but the holiday season is upon us once again! Before you say goodbye to another year, you’ll need to survive the holidays.