If you want to adopt a proactive approach to managing your small business, then it is important that you enlist the help of a CPA who can assist with financial forecasting. These activities can take a lot of time and effort, which is why you shouldn’t try to handle them on your own. Instead, it is better to bring on a professional who can help you fine-tune your business plan and know what to expect in the future.
There are tax advantages to working for yourself. Full-time or part-time, if you are self-employed, you can take advantage of a variety of tax breaks. Here are some of those benefits available to entrepreneurs:
Small businesses may be missing out on an important new tax savings related to health insurance. The stakes are high in 2014, so DC area small businesses should take these health insurance tax credits into account when doing their financial and tax planning.