POSTS TAGGED : business tax preparation

7 Mistakes To Avoid When Hiring A Tax Preparer For Your Business

If you don’t have good knowledge of tax laws or recently started a business you should consider hiring a professional for calculating and filing your taxes.

Tax preparation for 2021 tax season

Business taxes aren’t anything like personal taxes and require detailed reports of all business expenses & incomes. Unless you want to make any stupid mistake which might cost you in the long run, you should “always” hire a professional to file your taxes.

Here are seven biggest mistakes you need to avoid when hiring a tax preparer for your business.

1. Hiring The Cheapest Person

There’s no harm in booking a cheap flight, but can you look for a cheap doctor?…

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Surprised By The New 2018 Tax Laws? 4 Strategies To Handle The Changes

Once you get the hang of preparing taxes for your small business, April doesn’t seem so challenging. That is, until tax laws change and suddenly you don’t know if you can still claim your small office deduction. When this happens, the need to hire a tax professional to prepare your return becomes a necessity, not just a convenience.

2018 Tax Law Changes

Not sure what to do about the tax changes that went into effect for 2018? The changes will remain in effect at least until 2025, so there’s no time like now to get acquainted with what’s new.

1. Hire a tax professional to do your taxes at least once

Hire a tax professional to do your taxes at least for the first year.…

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Dear US-Based Small Business Owner: It is Time to Get Your Books Ready for Year End

Profits, depreciation, travel costs, healthcare, startup costs, training expenses, charitable donations – all these and more represent little numbers on a page that can save you money if you have your books in order when the “Revenue Man” comes a calling in the next couple of months. Rules and paperwork vary significantly from one country to the next, however most do employ many of the same basics.

For those of you with businesses based in the good ‘ol “US-of-A”…

It’s crunch time!

working with business tax documents

If you don’t have your tax paperwork in order, then you’ll be in for a real slap in the face when business resumes full-swing in the New Year, and your accountant starts hassling you for the receipts from that big move you made to a new location this year, so they can deduct it from your individual 1040 return.…

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