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Tax Day is Coming. Are You Ready?
3 Tips to Get Set for the Big Day and Prep for Next Year The clock is ticking. If your small business is a sole proprietorship or a single-member LLC, your taxes are due April 15. For a double whammy, if you file quarterly, your first quarter 2019 taxes are due April...
Wait! Don’t Forget to License Your Small Business
We know you’re excited to start your small business, ready to hit the ground running and be your own boss. But put on the brakes for just a minute. Your new business needs the right licenses and permits to operate, or you’ll be in violation of the law from Day One....
Stay Cool at Tax Time with These Tips for HVAC Contractors
Planning now could prevent a high tax bill later Whether you’ve been an HVAC contractor for years or you’re just starting out, it’s never too early or too late to take a proactive approach to your taxes. No one wants to deal with taxes, especially when you’ve got the...
Taxes and Your Small Business: What Do You Need to Know?
No one likes to think about taxes, but you can’t afford to ignore them if you’re opening a small business. If you’ve never been your own boss, you might be surprised at the differences in the way taxes work for entrepreneurs. Don’t let tax liability take you unawares....
Starting a Business? Ask Yourself These 3 Questions.
You’ve got a great idea for starting a new business. You’re excited to be your own boss and branch out on your own. Congratulations! Now what? The hard truth is that businesses need more than dreams and ideas to grow and thrive. Take a look at the statistics. Of newly...
When is a deduction not a deduction?
What does De Sylva v. Commissioner of Internal Revenue mean for entrepreneurs? You could call it a cautionary tale. In 2004, Robert De Sylva of California bought a boat with the intent of modifying it with a helipad and renting it to people wealthy enough to want to...
Start Planning for Next Year’s Taxes Today
It might be too late to do anything about this year’s tax bill, but that shouldn’t stop you from planning ahead to minimize taxes on your small business income going forward. Before we get too deep into the current year, take some time to plan ahead to keep your...
Six Reasons to Start Your Own Business
You’ve been thinking about starting a business for years. It’s time to finally do it. Resolve to finally start your own business in 2019. Why Start a Business? We realize starting your business is a big leap, but there’s a reason you want to do it. Need more...