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Tax strategies, business tips, and Quickbooks advice to help you save money on your tax bill and run your business efficiently! 

Why Getting a Tax Refund is a Bad Deal federal tax irs overpaying taxes payroll taxes self employment small business tax planning Feb 11, 2023

Everyone loves tax time when it means they get money back from the IRS! 

It's a great feeling to check your bank account balance and see that your refund has arrived! 

Many big-box tax preparers feed into the frenzy by promising to get you "the biggest refund" or some other marketing...

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Am I Paying Too Much Tax? irs overpaying taxes small business tax credits tax planning Feb 05, 2023

Houston, we have a problem!

If you’ve ever asked yourself “I wonder if I’m paying too much tax”, the answer is likely a resounding “YES”.

Did you know that American taxpayers pay more tax than they need to – to the tune of over $1Billion dollars per year...

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Turbocharged Employee Retention Credit - With or Without PPP! employee retention credit payroll taxes ppp small business tax credits Oct 03, 2021
When Congress passed the CARES Act in March 2020, most businesses took advantage of the Paycheck Protection Program (PPP) loan to help keep them afloat.

 

Congress also authorized a second option to help employers—an employee retention credit fully refundable against the...
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Self Employment Taxes & Common Traps to Avoid back taxes self employment small business tax relief Mar 25, 2021

People often dream of quitting their jobs and going into business for themselves so that they can pursue a passion and work without a boss. Self-employment can be a rewarding career decision, but it can lead to higher taxes and tax returns that are more complex that what you initially bargained...

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Unpacking the American Rescue Plan american rescue plan small business tax credits Mar 12, 2021

Last tax season was a doozy for those of us in the tax industry.  Covid took the wind out of our sails and left us coasting in uncharted waters for months as we deciphered what the new federal programs and acronyms like EIDL and PPP and ERC meant.  For the most part, it was a challenge...

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PPP Loan Forgiveness Becomes Top of Mind for Business Owners eidl loan forgiveness ppp small business Dec 17, 2020

This year has been a doozy for business owners and, with the end of it just around the corner the last thing you likely want to do is take a walk down memory lane through it's challenges.  But that's exactly what I'm asking you to do as you read this article, so please sit back (hopefully...

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