As 2023 is winding down, there is no better time to start tax planning for the year ahead. For an entrepreneur, this means laying the groundwork for an effective tax strategy and minimizing tax liabilities when possible. In this article, we’ll share a few tax planning tips to guide you through the process and explore […] Read more “Tax Planning Tips for Entrepreneurs”
Tag: business taxes
As the year winds down, it’s time to shift gears to year-end tax planning. To ensure your business is in the best financial position possible, you will need to check all of the correct boxes. This takes careful planning and consideration, so getting a start now will help down the line. In this article, I […] Read more “Year End Tax Planning (The Steps to Take to Be Ready for Year End)”
As we draw closer to the end of the year, it’s the opportune time to discuss the importance of tax planning and how forward-thinking can pay off big when tax time rolls around. This article will walk you through tax planning, whether you are an individual filing taxes or a business, but also how to […] Read more “Tax Planning and the Benefits of Forward Thinking”
When you think of a tax strategy, you probably think of putting a plan together to save money. When you think of saving money, you think of more profit. Now, there’s a logical connection between these two ideas, because creating a tax strategy for your business will help you increase your profits. As you prepare […] Read more “How Tax Strategy Aligns with Profit Goals”
Tax season is here and that means you want to make sure that your business is meeting its tax obligations. One of the most important parts of the tax obligations is the business tax due dates. You want to make sure that you are on top of these tax deadlines so that your business does not […] Read more “Business Tax Due Dates Coming up for Startups and Companies- Presented by FounderTax.com”
When you’re a business founder, you have to learn the ropes quickly. You have to stay agile with your money and make use of every dollar, especially when Tax Day rolls around. What if we said you could get a tax benefit on your stock options? You can through an 83b election. Here’s what it […] Read more “83b Election – How it Works and How to Get Started”
When you’re at the helm of a small business or startup, you spend your days thinking about the immediate expenses at hand. With tight margins and limited capital, every cent counts. As such, it comes as no surprise that 71% of small-to-midsized businesses without retirement plans in place cite “expense” as their chief reason for abandoning this step. […] Read more “4 Small Business Retirement Plans You Need to Know About”
The Rolling Stones famously told people to get off of their cloud. The City of Chicago, on the other hand, is perfectly happy for your business to be on the cloud. But you’ll need to pay taxes to the city for the privilege of doing so. Chicago’s so-called “cloud tax” set off howls of opposition […] Read more “The Chicago “Cloud Tax”: What Startups Need to Know”
What you need to know about the Amazon FBA and Ecommerce Sales Tax Amnesty Program Many Illinois businesses that sell goods online also use third-party facilitators in far-flung states to help fulfill orders. While positioning and distributing inventory around the country certainly brings efficiencies such as reduced shipping costs, it can also create a “nexus” […] Read more “Online Sellers: Act Fast to Take Advantage of Sales Tax Amnesty Program”
2016 is in the books, which means your start-up’s books are about to take center stage as tax season begins. If you launched your business in 2016, this may be your growing enterprise’s first go `round with tax preparation. As much as you would rather be focusing your attention elsewhere, spending some time getting organized […] Read more “4 Simple Ways to Prepare Your Start-Up for Tax Season”