One of the must common mistakes business owners do is mixing business and personal expenses. When this happens you are putting yourself at risk for
Get ready for your W2 & 1099 forms reporting requirement Businesses must prepare tax reporting forms as part of their tax filing obligations. Generally, W-2
The Internal Revenue Service issued the special per diem rates for travel expenses that became effective October 1, 2021, which taxpayers can use to substantiate
Businesses in 2021 are facing a troublesome time due to many socioeconomic factors. Some got affected because of the ongoing Coronavirus pandemic, while others are
Hiring an accounting firm will be an ideal solution for small businesses and startups. In 2021, there are about 400 million small and medium-sized businesses
Whether you’re just considering a new business idea or already act as a sole proprietorship, incorporating a business is a good decision. There are several
Get ready for your W2 & 1099 forms reporting requirement Businesses must prepare tax reporting forms as part of their tax filing obligations. Generally, W-2
Your business might be considered to have a nexus in a location, if it has for example: An employee present in the state Property, including
Generally, you can claim vehicle deductions as a business owner or self-employed taxpayer. If you own a business or are self-employed and use a vehicle
What employers need to know on how to classify workers as employees or independent contractors It is critical for business owners to determine whether the
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