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Estate Planning Mistakes to Avoid

Estate planning involves many components and, for many Americans, taking care of this important task is often put to the wayside. However, it’s worthwhile to give estate planning serious consideration before it’s too late. Planning isn’t just for the wealthy. Every adult should have a basic estate plan in place which includes a will, trusts, […]


Estate Tax ID / EIN Numbers | The Complete Guide

Many people typically associate a tax ID or EIN with an individual tax return, which is usually a Social Security Number (SSN). They use this number to file their annual income tax return before April 15. To prepare for tax returns, business owners usually separate their business interests from their personal assets by obtaining an […]


Tax Liability 101: Everything You Should to Know

Tax liabilities are an important concept for businesses to understand. Learn the answer to the question “What is tax liability?” and the basics of how tax liabilities work.


Understanding Tax Codes for Your Business

Tax codes for business are complex. Learn the basics of IRS tax codes and how to find guidance when you need to find information.


Mistakes to Avoid When Filing Your Taxes

Filing taxes is a complex task, especially when factoring in a business. Learn the common tax mistakes business owners make and how to avoid them.


Claiming Dependents on Your Tax Return

Filing business taxes and individual taxes can become complex with so many tax rules, credits, deductions, and other details involved. An essential detail to understand when filing taxes is knowing when and who you can claim as a dependent. While you must be careful to follow all relevant tax laws, dependents are a great way […]


Actionable Tax Preparation Tips

Small business owners are busy individuals! As they typically need to swap out many hats during an average workday, thinking about longer-term tasks, such as their personal and business income taxes and accounting practices, can be difficult. For many small business owners, the two sets of taxes are interlinked. While April isn’t too far behind […]


All About Tax Identity Theft & How to Prevent It

Tax identity theft is a prevalent problem in our society. Learn the red flags and signs that ID theft has occurred, what to do, and how an EIN can limit your risk.


Accounting Tips for Small Business Owners

Most everyone agrees taxes are stressful for all, whether you’re filing taxes as an individual, for a small business, or on behalf of a large corporation. In fact, according to some surveys, 80% of small business owners in the U.S. feel at least “some stress” during tax season, and roughly 63% of them rate their […]


Understanding Tax Codes for Your Business

Taxes aren’t the most fun aspect of running a business, but filing a tax return is a necessary task. The U.S. tax codes for business are quite complex and, unfortunately, the government isn’t going to take misunderstanding them as an excuse for incorrectly filing a tax return. Businesses (and individuals) must comply, so you want […]


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