S Corp Election Deadline Is Approaching So Don’t Delay – Business Article

If your business is an LLC or C Corporation—or if you are an accountant, attorney, tax advisor, business consultant, etc. who helps entrepreneurs—realize that the S Corp election deadline is fast approaching on March 15, 2019. So if you want to be taxed as an S Corp for the 2019 tax year, now is the time to act.  What is an S Corporation? First things first, let’s step through what an S Corp is and its potential small business advantages.…

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Have Employees? Then You Need to Understand Employment Taxes – Business Article

Hiring employees can make a world of difference when it comes to eliminating your stress and streamlining operations and understanding employment taxes. But, it also launches you into a new world filled with tax regulations and withholding obligations. Mastering employment taxes can trip up many business owners, but failing to do so correctly can land you in hot water. Find out which taxes you must withhold, contribute, and pay when you have employees at your business. What are employment taxes?…

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What Are the Potential Advantages of an S Corporation? – Business Article

Some LLCs and corporations (if they meet the IRS’s eligibility requirements) may choose to be taxed as an S Corporation. But what does that mean exactly?  With 2019 just beginning, now is a perfect time to consider whether an S Corp election might benefit your business. Moreover, the deadline for choosing tax treatment as an S Corporation is fast approaching (March 15) if your business tax year aligns with the calendar year and you want to be treated as an…

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The Entrepreneur’s Ultimate Checklist for Filing Taxes – iPage Blog – Business Article

If you are an entrepreneur who operates your own e-commerce website, manages your own business website, hosts a website with a monetized blog, or has had strong earnings from other sources in 2018, now is the time to get ready and be prepared to file your taxes at the beginning of next year. You don’t want to be among the estimated 40 percent of small businesses or entrepreneurs who accumulate around $845 on average per year in penalties because they are unsure of how to properly file taxes.…

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The Avalara Small Business Guide to Sales Tax – Business Article

Sales tax is complicated, and it’s not likely to get easier anytime soon. But that doesn’t mean it has to eat up resources and be a burden on your business. We’ve partnered with Avalara to help you determine the most effective way for your business to manage every aspect of sales and use tax compliance, including calculations, state registrations, and returns filing. Some businesses need an automated sales tax solution to stay above water while some can be managed in…

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Business Startup Deductions to Take in 2018 – Business Article

Did you start a business this year? If you started a business in 2018, any startup expenses you incurred for planning, researching, or outfitting your office may be eligible to be claimed as a business startup deduction to take in 2018 and claim it on your 2018 return. Let’s begin with determining your start date. Just because you’ve filed incorporation papers (such as articles of incorporation or articles of organization) and have been issued a Federal Tax ID number or Employer…

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End-of-Year Business Checklist – Business Article

A new year is just around the corner and the last few months of 2018 are a critical time for year-end planning and preparation. Here are a few items you should include in your end-of-year business checklist. Maximize Your Tax Deductions Maximizing your tax deductions before January 1 should be top of mind and top of your list. Is there a piece of business equipment or new software that you’ve been eyeing? Now is the time to make that purchase.…

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