Preparing and filing accurate business tax returns can be complicated. That’s why so many business owners rely on CPAs to help them navigate the complexities of the tax world. As a CPA, it is your responsibility to help your clients manage their tax compliance and achieve the best possible outcomes… [Read more]
Four Year-End Tax Questions to Ask Your CPA
Your CPA isn’t just there to ensure that the numbers add up on your tax returns. They can also provide useful advice on how to manage your income for the year and estimate your tax liabilities going forward. A qualified and knowledgeable CPA can also give you insights to help… [Read more]
Risks of Misclassifying Independent Contractors and Employees
Is the person you just hired a 1099 contractor or an employee? Making a false assumption could be costly. In California, there is a fine line separating these two categories of workers and significant penalties for misclassification. Here are some of the consequences you might have to face for mislabeling… [Read more]
Hiring Your First Independent Contractor: What You Should Know
As a small business owner, you have a dependable team of employees to handle the bulk of your work, but occasionally you need to reach out to a third party for assistance with special projects or insights. These third parties, known as independent contractors, are fantastic for solving short-term issues… [Read more]
How Taxes Affect Small Businesses
The top 10 percent of earners pay approximately 75 percent of the entire income tax in the state. Most of these earners are small-business owners.There are approximately 30 million small businesses operating in the United States. According to the U.S. Small Business Association, small businesses of all types pay an… [Read more]
How Can Entrepreneurs Find Trustworthy People?
Trust is an internal barometer that each of us has calibrated over time — yet we sometimes end up disappointed and frustrated with people we thought we could trust. With human behavior as unpredictable as it is, how much trust can you place in trust itself? It all depends on… [Read more]
7 Things Small Business Owners Should Reconsider Handling Themselves
If you’re a small business owner, you probably consider yourself a jack-of-all-trades. That’s not necessarily a bad thing — it’s a trait that likely got your company off the ground in its earliest phases. Without a full complement of employees, there was only one person to perform the difficult tasks… [Read more]
Small-Business Hiring: Who Should Be Your First Employee?
You’ve decided it’s time you hire some extra help for your business. Congratulations! That’s a big step and a sign of growth. Being a small-business owner means knowing how to do everything yourself. The hours are grueling, and the stakes are high, and yet there is perhaps no more fulfilling… [Read more]
