Wednesday, October 28, 2020
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Business Taxes

Do You Make These Common Tax and Bookkeeping Mistakes?

If you run a small business, then you are probably stretched for time to manage your bookkeeping and tax matters. However, this is one area where you cannot afford to be slack; you could either end up paying higher taxes, or worse - having the IRS breathing down your neck.

Hiring a Good Tax Professional Tips

If you are running a small business that is growing, have made investments in a variety of areas such as property, stocks and mutual funds, or if you simply find preparing taxes confusing and stressful, then it is time to find yourself a good tax professional. Here’s how.

12-Point Business Tax Checklist

Tax time can be stressful for small business owners. By keeping good records and being organized, you can make this years’ tax season a breeze. Here’s a 12-point checklist to help you get started.

Small Business Tax Tips: Reduce Tax Liability!

Guidelines To Help Reduce Your Tax Liability

The Benefits of Paying Taxes Online

Paying your taxes online can reduce your paperwork and headaches.

Planning a Tax Strategy: Getting Ready for Taxes

If you are like most small business owners, the past few months have been filled with calls to the accountant in an attempt to organize finances and minimize tax liability. Here's a way to plan your strategy.

Carry Back Losses This Year & Recover Past Tax Payments

A much overlooked section of the tax code lets corporations carryback losses and recalculate their tax liability. Here's how this can turn a loss into a transfusion of cash for your business.

Collect Estimated Income Taxes Overpayments

If you're like a lot of people in business, you make estimated corporate tax payments to IRS based on the taxes you paid in the previous year. But if you're having a really bad year, you may have no income tax liability at all. In such circumstances, it's a bad economic decision to keep paying estimated income taxes.

How Long Should You Keep Your Tax Records?

A list, put together by a CPA, of how long you should keep various types of tax records.

State Tax Filing Requirements: Where Do I File?

If you have operations in different states, which states do you file in and how much income do you apportion to each. This hypothetical case highlights the key steps in determining state tax filing requirements and related tax liability.

Does Your Company Qualify for QPSC Status?

Using the cash method of accounting for tax purposes is perhaps the most powerful tax planning tool available to companies. It is important, however, that corporations using the cash method be aware that it is only available under certain conditions.

Changing a Company’s Tax Year End

Steps to take to change your company's tax year end.

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