Yearend Tax Planning

As the end of the year draws near, small business owners need to review their tax-planning strategies.  It is important to understand what tax planning strategies you can still take advantage of, both personally and on the business side, before the end of the calendar year. Given that so many small businesses are organized as […]

Keeping Employee Records for Tax Purposes

Small businesses can avoid trouble with the IRS by keeping the right employee records and tax documents. If your small business has employees — or if you use independent contractors — you must keep certain records in order to avoid getting into trouble with the IRS. Basically, you need to keep records of all wages […]