Most owners think about taxes in March, but the real savings are decided in the months before. A few simple tax preparation and planning strategies can lower what you owe, and with about ten weeks left in the year, there is still plenty of room to act. Here are twelve moves worth knowing, starting with
12 Effective Tax Preparation and Planning Strategies for Businesses Read More »
Owning a U.S. LLC from another country feels simple, until a letter arrives about a form you have never heard of. Form 5472 is that form for many overseas owners, and it can be due even when the LLC earned nothing. The good news is that once you know which forms apply to you and
Form 5472 and Other Tax Forms Foreign-Owned LLCs Should Know Read More »
Banks ask for it before they open your account. Clients ask for it before they pay your invoice. Hiring your first employee makes it impossible to ignore. Your EIN number is a nine-digit federal tax ID that the IRS uses to recognize your business, and getting one costs nothing. Below is what it does, who
What Is An EIN Number, How To Get It & Why You Need It Read More »
Somewhere in your office or inbox is a pile of receipts that could lower your tax bill. A small business tax deductions checklist helps you sort what counts, what only partly counts, and what to save as proof so nothing slips by before your return is filed. Below are 25 common costs to check, grouped
Small Business Tax Deductions Checklist Read More »
