filing taxes for 2019. Tips to Avoid Estimated Tax Penalties
July 12, 2019
Tips to Avoid Estimated Tax Penalties

Being in business can be challenging, especially when it comes to filing taxes properly. If your business is an LLC or S corporation, ask your tax professional if the QBI deduction introduced by the 2017 Tax Cuts and Jobs Act applies to you.

Man calculating his financial bills on a balance sheet for his business
July 09, 2019
The Importance of a Balance Sheet in Your Business

The main goal of any business is to make profits. Interestingly, despite making profits, some business owners still find themselves short of cash and unable to account for some of the expenditure. If you are one of those people, it's time for you to learn more about the balance sheet and embrace it.

small business finances spread sheets
July 08, 2019
Income and Balance Sheets: Understanding Your Business’s Financial Statements

Every month you receive a financial statement in the mail from your accountant. The numbers on your monthly financial statement are trying to tell you about the health of your business. Understanding these statements isn't boring once you realize that growing your business depends on those little numbers.

Shot of a mature man going through some retirement paperwork at home
July 04, 2019
Planning For Your Retirement as a Small Business Owner

As a small business owner, you are the only person who is going to make sure that you are prepared for your retirement. If you want to retire eventually, you need to start planning today. Here are some ways to start saving money for your retirement (and your employees).

businessman working in office with using calculator and laptop. tax extension
June 24, 2019
What You Need to Know About Tax Extension

A tax extension is what you apply for when you need more time to file your tax returns. If the IRS approves your request, it gives you six more months to sort out any complications. Here are a couple of tips to help you take full advantage of this feature during the next tax season.