Business taxes – an overview of 3 most common taxes

Posted on Nov 18, 2014 in Blog | 0 comments

           One of the most confusing aspects of owning your own business is the issue of taxes. There are corporation taxes, sales taxes, payroll taxes, estimated taxes, and all have their own due dates throughout the year. And feigning ignorance will not save you from the penalties, late fees and interest each government agency will levy on you for failure-to-file and...

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Tips to stay organized: for businesses

Posted on Jul 9, 2013 in Blog | 0 comments

  Owning a business is a full-time job. Between selling your product or service to managing your staff, there is little time for much else. But we know that equally important is the task of record keeping (as I discussed in “Record Keeping is Essential”).    Here are 3 tips to help you stay organized: 1-      Keep all receipts and invoices in either:  folders for each vendor (ie: ‘Con Ed folder’ or ‘Jetro...

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Getting ready to file your Taxes

Posted on Jan 25, 2013 in Blog | 0 comments

As we prepare for tax season, here are some tips to help you get ready. Although you may not reach the requirement to file for your filing status (see below) you should still consider filing a tax return. You may be able to get any taxes withheld from your paycheck returned to you or you may qualify for the earned income credit. (single or married filing separately $9,750; married filing joint $19,500; head of household $12,500) If you are...

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Record Keeping is Essentail

Posted on Jan 4, 2013 in Blog | 0 comments

When you decided to open your business, you did it because you knew you could offer a product or service better than the other guys. What you didn’t anticipate was the ‘behind-the-scenes’ work that comes along with owning and running your own business, specifically record keeping aka bookkeeping. With all of the confusing tax laws, accurate record keeping seems like a hassle and an unnecessary burden to add to your already huge load....

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