There’s nothing like being your own boss. However, the downside of only having to answer to yourself is that you are responsible for your own payroll taxes. To help lighten your tax burden, the IRS allows for several tax deductions. It’s important that you understand...
A letter from the IRS can be anxiety-provoking. Feelings of unease can turn to terror if the IRS is informing you that you have a delinquent tax return. However, it’s important to remind yourself that this is not the end of the world. Here are some steps you can take...
In recent months, numerous Americans have lost their jobs due to the flagging economy. As a result, a record 36.5 million people have applied for unemployment benefits to make ends meet. The federal government even passed legislation to ease the restrictions on...
Business owners often have to perform a wide range of tasks for the company that they start and run. While you may not have had any experience with financial record-keeping before you started the business, you may start to perform minor accounting tasks as a way of...
The new tax law signed by the President in December 2017 has left some business owners unclear of whether they qualify for a new deduction. According to The Star Tribune, though the IRS laid out guidelines for the business deduction, even some tax advisers have...
