Taxes

Read up on personal and business taxes along with how you can take advantage of little-known tips for tax savings.

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How to issue a 1099 to an LLC
If your business pays an LLC more than $600 a year for rent, business services or independent contractors, you’ll need to issue a federal form 1099 to report those payments to the Internal Revenue Service. Here’s what’s required.
March 21, 2024 · 3 min read
Are LLC startup expenses tax deductible?
The expenses you incur as you set up your LLC are tax deductible, though you need to know important limits, exceptions, and rules to legally deduct these costs.
March 18, 2024 · 2 min read
Year-end tax tips for every business owner
Are you planning now to reduce your tax burden in April? You should be. Check out these year-end tax tips for business owners to get started in the right direction.
February 20, 2024 · 2 min read
Does your kid owe taxes?
How early should kids learn about paying taxes? Chances are, it's sooner than you think. Even if your child is a dependent (under the age of 19 or a full-time student under the age of 24, receiving more than half of his or her support from a parent), he or she any be required to file a tax return.
February 16, 2024 · 1 min read
Is your tax professional certified?
There's a difference between an accountant (someone who prepares your taxes) and a certified public accountant or CPA (someone who has received the training required by your state's licensing board).
February 13, 2024 · 1 min read
How to avoid a tax audit
Here are some steps you can take to reduce your chances of being chosen for a tax audit.
February 12, 2024 · 7 min read
How to fill out a W-9 for a nonprofit corporation
Even though your nonprofit has tax-exempt status, you may need to fill out a W-9 when working with other businesses.
February 6, 2024 · 2 min read
What is a FEIN, and how to get your federal tax ID number?
Starting a new business or changing an existing one? Here's a guide to how to apply for a federal tax ID number, how long it takes to get one, why you might need one (and when you don't), and when you'll need to get a new FEIN for your business.
February 6, 2024 · 8 min read
Filing taxes for a small business with no income: What you should know
Are there any benefits to filing taxes for a small business with no income? It depends. You should be aware of these specific tax situations.
February 6, 2024 · 4 min read
What is a general ledger and how does it work?
A general ledger is simply a master document containing all of a company's transactions neatly categorized. Let's see how it works and how it can work for your business.
February 5, 2024 · 3 min read