Janet Berry-Johnson
A freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses, Janet Berry-Johnson is a regular contributor to several online publications, including Business Insider, Money Crashers, and Self Financial. She helps people make sense of complicated accounting and income tax questions.
More From This Author
-
Small Business Tax Prep 101: What to Bring to Your Tax Appointment
Tax prep is an important part of running a small business. Read on to find out what you should bring to your tax appointment.
· 4 min read
-
What Is Cost of Goods Sold and How to Calculate It
Your cost of goods sold (COGS) consists of all the direct costs associated with producing your goods or services. Calculating costs of goods sold helps you determine the true cost of the merchandise or services you sell.
· 4 min read
-
Tax Planning Tips for Busy Entrepreneurs
Tax planning is an essential part of growing a business—not a post-year-end activity. When you wait until after the end of the tax year to get started, you miss out on opportunities that could lower your taxable income.
· 3 min read
-
Export from the U.S.? Consider an IC-DISC to Take Advantage of the Capital Gains Tax Rate
An Interest Charge Domestic International Sales Corporation (IC-DISC) can provide tax savings for shareholders of businesses that make or distribute U.S. products for export.
· 4 min read
-
What Is FICA Tax? Understanding FICA for Small Business
Hiring your first employee? The FICA tax is one of several payroll taxes employers need to withhold and pay to the IRS.
· 4 min read
-
Small Business Filing Requirement for Employee Healthcare: Form 1095-B
This form isn't required for all small businesses—just those that self-fund employee health coverage.
· 3 min read
-
Why and How to File Back Taxes
The IRS is typically willing to work with taxpayers who make an effort to get caught up on their tax filing obligations. Filing back taxes can help you avoid drastic IRS collection efforts.
· 4 min read
-
How to File Business Taxes for Your Small Business
Entrepreneurship comes with many responsibilities—including filing business taxes. Here's what you need to know about tax filing for your small business.
· 4 min read
-
Is My Hobby Income Taxable?
Many people earn a little income from activities that are more hobby than business, but you might not realize that income is taxable in the eyes of the IRS.
· 3 min read
-
Paying Payroll Taxes: Most Common Mistakes Business Owners Make
Find out what common mistakes business owners make when paying payroll taxes and how to avoid them.
· 3 min read
