Are you evaluating your options to improve and streamline various aspects of your business? If so, you may find there are significant benefits to hiring a small business accounting service to help with financial management.
As a small business owner, it is important to stay proactive with your financial details and stay current with your tax planning. Some people think that it is a good idea to save money by trying to do their taxes on their own, but the truth is that there are many benefits to working with a Certified Public Accountant (CPA) throughout the year.
Are you a small employer with fewer than 25 full-time equivalent employees? Do you pay an average wage of less than $50,000 a year, and pay at least half of employee health insurance premiums? If so, there is a tax credit available for 2015 that may put money in your pocket.
Thanks to Obama Care, health care and taxes have a new relationship this year. As a result of the Affordable Care Act, for the first time in history, tax forms require everyone to report their health insurance status.
The rate of failure of small business start-ups is well known. The Small Business Administration reports that among new firms with employees, 30% survive less than two years, and 50% don’t make it to five years. For sole proprietors, the survival rate is even lower.
It’s never too late to plan ahead.
It's that time of year! Maybe you are already gathering documents and determining what you owe – and, more importantly, what you can deduct. Maybe you are more of a last minute person. Either way, here is some help for preparing your 2014 tax returns, including five tax changes to anticipate in 2015:
When your company joins forces with another party on a joint project or business activity, you may need a business operating contract for a limited time period. In this situation, the joint venture agreement is vital for protecting your company's rights.
Many small business owners pay too little attention to their financial statements. Unfortunately, these owners don’t understand just what the statements have to offer. Small business owners should become familiar with three basic financial statements – Balance Sheet, Income Statement, and Cash Flow Statement.
Are you a small business owner or entrepreneur who owns commercial real estate? You may be able to reduce your current income tax bill by using cost segregation. Your potential tax savings increases with the cost of your property.
Is it necessary for nonprofit organizations to examine their policies every year? Changes that impact the organization, both internal and external, recommend an annual policy review. Here are three types of changes that nonprofit boards should monitor.