Simple Retirement Plan Ideas For Small Businesses

Simple Retirement Plan Ideas For Small Businesses

As a small business owner, you need to be thinking about some kind of retirement savings for yourself and your employees. In this competitive employment environment, having a retirement plan for your current or future employees might help attract and retain better help.

Small Business Accounting Basics

Small Business Accounting Basics

As a Business Advisor, I ask almost every start-up entrepreneur I work with if they have any bookkeeping experience.  The reply I get is often accompanied by a look of panic. New entrepreneurs excited about realizing their dream of starting a business often gloss over...
Unraveling the Mysteries of Estimated Taxes

Unraveling the Mysteries of Estimated Taxes

Estimated Taxes for Small Businesses Estimated Tax is the method used by the IRS to collect taxes on income that is not subject to withholding, such as income from self-employment, interest, dividends, rent, gains from the sale of assets, prizes, and awards. For small...
What are Estimated Taxes and do I Have to Pay Them?

What are Estimated Taxes and do I Have to Pay Them?

As a sole proprietor, partner or member of an LLC, you will be responsible for paying Estimated Taxes to the IRS on a quarterly basis at the point where you owe tax of $1,000 or more when your return is filed. The IRS does not consider the owner as an “Employee,” and...