by Steen Stovall | Mar 8, 2024 | Biz Tips
Tax season has arrived, and with it the significant accounting and financial challenges it can pose for even the most organized business owners. To prepare effectively for this year’s tax season and streamline future preparations, here are five straightforward tips for small businesses:
by Cindy Unger | Apr 7, 2022 | Biz Tips
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...
by Cindy Unger | Aug 18, 2021 | Biz Tips
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...
by Jake Dixon | Jun 29, 2021 | Success Stories
Creating a Powerful Brand Snowy Elk Coffee Co. is a specialty coffee roastery in Cheyenne, Wyoming. Their branded organic, high-altitude roasts are inspired by Wyoming adventure and the outdoors. Owners Scott and Julie Gondzar believe that when you brew Snowy Elk...
by Cindy Unger | Jan 7, 2021 | Biz Tips
If you are selling online, then you may be responsible for collecting and remitting sales tax to any of the over 12,000 tax jurisdictions in the United States. Each of those jurisdictions has different tax rates and product taxability rules. First and foremost, if you...