Double taxation is a significant concern for small business owners in the United States. It occurs when the same income is taxed twice: once at the corporate level and again at the individual level when profits are distributed as dividends. This situation can create a financial burden for small businesses, affecting their ability to reinvest […]
Frequently Asked Questions About Estimated Taxes
Quarterly Estimated Tax Payments can be a nightmare for business owners to determine how much they owe the IRS. Here is our guide for Frequently Asked Questions regarding Estimated Taxes. What are Estimated Taxes? Estimated Taxes are taxes that are paid to the IRS throughout the year on earnings that are not withheld from the […]
Choosing Between Annual and Quarterly Tax Filings: A Guide for Business Owners
One of the fundamental decisions that business owners face when it comes to tax planning is determining the frequency of tax filings—whether to file annually or opt for quarterly filings. Each approach has its pros and cons, and the decision ultimately depends on various factors, including the nature of the business, cash flow considerations, and […]
Bookkeeping & Accounting Tips for Small Business Owners
Running a small business is a demanding task, requiring you to wear many hats, from managing operations to marketing and customer service. Among these responsibilities, bookkeeping and accounting are crucial for the financial health and sustainability of your business. While it may seem daunting, effective financial management doesn’t have to be overly complicated. Here are […]
Does Your Risk Tolerance Need a Realignment?
Market volatility. A change in your time horizon. Different goals. All these things can affect the amount of risk you feel comfortable taking with your investments. Your ability to tolerate risk influences the investment choices you make and may have a significant impact on your success in achieving your financial objectives. Periodically revisiting your risk […]
Five Steps to Keeping Employees Motivated
Motivated employees typically perform at a higher level than employees who are disengaged from their work. They are willing to go beyond their job description to see a project through to completion. Very often, their enthusiasm inspires and pushes coworkers to excel. Certain strategies can help foster a culture of motivation and enthusiasm within the […]