If you run an eCommerce business, you’re quite familiar with shipping products. But did you know that states have different ideas of what UPS or post office shipping fees are considered taxable?
When you’re busy running your business all year, you’re probably not spending much time considering which specific state and federal forms you’ll need to file. But in the game of business taxes, you need to be organized and timely..
inDinero’s tax solution is designed to streamline the annual tax preparation process. Our cloud-based Tax Questionnaire gives small business owners something they’ve never had before: A self-guided place to gather all the information our tax team needs to build their business tax returns.
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.
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. And while some editors will graciously give you an extension, most are sticklers for timely, well-written content. However, when it comes to filing taxes, even the most notoriously fanatical disciplinarians, the Internal Revenue Service, realizes that excellence takes time.
As a business owner, you’re swamped with pressing issues. But taking a few minutes to make sure your tax compliance house is in order will save you a lot of time and money.
Keep in mind that sales tax compliance varies from state to state. It’s always in flux, so it’s important to periodically make sure you’re following the current rules and regulations for all the states where you have sales tax nexus. Think of this guide as your annual sales tax check up!
Whether on an individual level or as a business owner, every living, breathing citizen or resident of the United States of America have some familiarity with federal and state taxes. The mission of the Internal Revenue Service is to "provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all.". This is why we must file taxes annually on our income each year.
The IRS isn’t known for cutting to the chase. If you’ve ever dug through IRS.gov looking for an answer to your question, you likely came away with much more information than you could ever want.
That is, unless you happened to be looking for a straightforward list of tax deductions for your small business. The IRS is uncharacteristically silent on this point.
In fact, tracking down the ultimate list of small business tax deductions is a grueling task that takes hours and hours of research. But lucky for you, we’ve gone ahead and put it together for you! We uncovered 92 potential small business tax deductions—and 11 that you shouldn’t even think about claiming.
Did you know that 40% of small business owners spend more than 100 hours a year managing federal taxes alone?
Here’s a phrase you never thought you’d hear from a CEO who just raised seed funding: “Nobody told me how difficult success can be for a startup.”
This may not sound like much of a problem. But the more I thought about it, I realized that many early-stage businesses start out with blazing potential and burn out before they reach it.